Subjects Archives: Capitalism

There are a million ways to slice and dice both a universal Medicare plan and also the transition, which will pose real problems. However, it is important any plan be comprehensive. That doesn’t mean it has to cover the plastic surgery needed to give people the Mar-a-Lago look, but it does need to cover areas like dental, vision, and hearing, which are excluded from traditional Medicare.

I hope readers will share this note and it prompts debate about the current fragility of pluralism in heterodox economics and society.

JEAN-BAPTISTE Say, a French economist who wrote in the late eighteenth century, had formulated a law to the effect that ‘supply creates its own demand’, which meant that there could never be an inadequate demand for the aggregate of goods produced in any economy.

Once plundered of both its wealth and people by colonial powers, Africa now faces IMF-imposed austerity, obscene debt, and forced underdevelopment.

We might soon see the Trump Administration impose tariffs on pharmaceuticals. U.S. patients will suffer.

Throughout his life, Martin Luther King Jr spoke often and with vision about the nature of capitalism.

Understanding media coverage of healthcare price battles.

Walking along the thoroughfares of the Russian capital these days, it’s easy to feel as though you’ve gone “Back to the Future.” Like Marty McFly in the classic 1985 movie, visitors to Moscow might imagine they’ve traveled back in time to the Soviet past, when socialism beat Hitler and the future of communism beckoned on […]

The scale and pace of the genocide in Gaza is accelerated by the direct and indirect contributions of American universities.

“The massive income and wealth inequality that exists in America today is not just an economic issue, it is literally a matter of life and death,” said Sen. Bernie Sanders of Vermont.

The relevance of F. Scott Fitzgerald’s most famous work today on its centennial.

Caused by a parasite which is spread by infected mosquitoes, malaria has killed billions during thousands of years of human history.

Bob McChesney, that prescient seer on the subject of media consolidation and much more, died last month.

Trump backed down because the bond market was showing signs of severe stress that could lead to a credit squeeze, particularly for hedge funds that own a significant stock of U.S. bonds.

Google recently announced it would acquire Israeli-American cloud security firm Wiz for $32 billion.

On October 7, 2023, the Palestinian resistance in Gaza launched Operation Al-Aqsa Flood—a mass breakout from the open-air concentration camp in which 2.3 million people had been confined by seventy-five years of Zionist colonialism and sixteen years of unrelenting siege.

Park rangers are our most trusted federal employees, and national parks are America’s gift to the world… but the new Trump regime is choking them, depriving them of the personnel and resources they need.

“Everything gives way and nothing stands fast.” —Heraclitus, as quoted in Plato’s Cratylus1 During the “Age of Catastrophe” (1919–45), a series of profound economic, political, and ideological crises disrupted what had appeared to be the “normal” functioning of capitalism.2 In 1930, a key moment of this “age,” marked by the economic catastrophe of the Great […]

Where is all this going? Well, it means a slump in production in the U.S. and most major economies; and it means a revival of inflation, particularly in the U.S. This is madness, no? Well, as I said last February when all this kicked off, there is method in this madness.

1. Introduction The predominance of US economic, political and military power in the world was established at the end of the Second World War.1 With just 6.3 percent of global population, the United States held about 50 percent of the world wealth in 1948. As the only power which had used nuclear weapons on civilian […]