These 12 people get rich while doing the most harm. It’s tough to even explain to people how much the wealth of the richest Americans has increased while everyone else has suffered during this pandemic. The human brain can’t process the numbers. It’s like trying to explain the entire plot of “Twin Peaks” to a…
With idle tales this fills our empty ears;The next reports what from the first he hears;The rolling fictions grow in strength and size,Each author adding to the former lies.Here vain credulity, with new desires,Leads us astray, and groundless joy inspires;The dubious whispers, tumults fresh designed,And chilling fears astound the anxious mind. -Ovid’s Metamorphosis While the…
Here is a word that risks deterring you from reading on much further, even though it may hold the key to understanding why we are in such a terrible political, economic and social mess. That word is “externalities”. It sounds like a piece of economic jargon. It is a piece of economic jargon. But it is also…
This is the second part of an article. Part one is available here. Historically, gold emerged as the money commodity. Over the past century and more, fiat money issued by the state has come to replace gold in the daily functioning of the capitalist economy, and above all its financial and credit system, particularly following…
The crisis of capitalism Historically, the crisis of the West began with the crisis of American capitalism in 1929. At that time, the majority of books and newspapers claimed that the concentration of capital sterilized the economy by preventing competition in many areas. While famine was raging in the US, three political models were proposed…
There is one thing that every revolutionary and ideologue on Earth, past and present, has fought for over the centuries – freedom. There are few things (if any) as widely accepted as universally “good” as the idea or feeling of freedom. Be they Liberals, Communists, Radical Islamists, some fringe movement or the Washington Establishment, everyone…
