Economy/Economics

Enough Western Meddling and Interventions: Let the Venezuelan People Decide

American politicians from the two main parties have finally found something to agree upon: more intervention in Venezuela.
“Now, despite (President Nicolas) Maduro, there is hope (in Venezuela)”, wrote Democratic Senator, Dick Durbin, in USA Today. “These events (meaning the current political instability in the country) are a welcome development of Latin American nations defending democracy.”

The Lost Morality of Economics

One of the most powerful and effective tools in the hands of capitalist economists is the suggestion that economics in general and capitalism in particular is some sort of science. This illusion – and illusion it is – is strongly assisted by the fact that modern economics is taught with the aid of impressive-looking mathematical equations and “proofs”. Economic textbooks are cluttered with tables, statistics, and graphs which make the books look like physics textbooks, or maths books even. Therefore economics must also be a science, right?

The Venezuela Myth Keeping Us From Transforming Our Economy

Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof.

Complacency and the Environmental Catastrophe

Ask any reasonably well-informed person what the cause of climate change is and the chances are they will say greenhouse gas emissions (GGE’s), but they would only be partially correct. While it is true that man-made GGE’s are clogging Earth’s lower atmosphere, trapping heat and resulting in widespread climate change, the underlying 21st century cause, in contrast to the 19th and early 20th century when information was scarce, is something much more personal and lethal: complacency.

Cuba: Trump Turns the Vise

January the 1st, 2019 marked the 60th anniversary of the Cuban Revolution. Back in December 1958 the city of Santa Clara fell to the combined forces of Che Guevara, Cienfuegos, and Revolutionary Directorate (RD) rebels led by Comandantes Rolando Cubela, Juan (“El Mejicano”) Abrahantes, and William Alexander Morgan. Upon hearing the news of the defeat of his forces by the Fidel Castro-led revolutionaries, Batista left Cuba and flew to the Dominican Republic on 1 January 1959.