Economy/Economics

I Cannot Live on Tomorrow’s Bread

Takashi Murakami (Japan), Tan Tan Bo Puking – a.k.a. Gero Tan, 2002. On April 19, the International Monetary Fund (IMF) released its annual World Economic Outlook, which forecasted a severe slowdown in global growth along with soaring prices.‘For 2022, inflation is projected at 5.7 percent in advanced economies and 8.7 percent in emerging market and […]
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Localization and Local Futures: The Alternative to the Authoritarian New Normal    

‘World Localization Day’ will be celebrated on 20 June. Organised by the non-profit Local Futures, this annual coming together of people from across the world began in 2020 and focuses on the need to localise supply-chains and recover our connection with nature and community. The stated aim is to “galvanize the worldwide localization movement into a […]

History Rounds off Skeletons to Zero

Almagul Menlibayeva (Kazakhstan), Transoxiana Dreams, 2010. On 16 March 2022, as Russia’s war on Ukraine entered its second month, Kazakhstan’s President Kassym-Jomart Tokayev warned his people that ‘uncertainty and turbulence in the world markets are growing, and production and trade chains are collapsing’. A week later, the United Nations Conference on Trade and Development (UNCTAD) […]

There will be blood, and, yes, we do need stinkin’ badges

This is a little soft-shoe pissed off blathering from me, so apologies up front. No big news on the Ukraine Invasion front, or the Gates Owning All the Farms front, or the Climate-Wall Street-Chronic Illness front. Nothing related to the MICIMATT (Military-Industrial-Congressional-MEDIA-Academia-Think-Tank) front. Just plain old burnt toast and spilled milk from a radical who […]

Miserable Bankruptcy of Mainstream Economics

Capital-centered economics is unscientific and irrational. It does not provide people with a coherent, integrated, and cogent understanding of the economy. Instead it increases confusion every day, leaving people rudderless and disoriented about what is really happening. The capitalist economic system is always chaotic, anarchic, and violent, but the last two years have been more […]

No Letup In Economic And Social Decline

Economic and social conditions have been worsening for decades at home and abroad, especially in the context of the neoliberal antisocial offensive which was launched more than 40 years ago by the international financial oligarchy. But they have been getting even worse in recent years and over the past two years in particular. Inequality, poverty, […]
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Capitalists Are Dispensable, Laborers Are Not

If you set to work to believe everything, you will tire out the believing-muscles of your mind, and then you’ll be so weak you won’t be able to believe the simplest true things. — Lewis Carroll1 Capitalists—qua owners of capital—are dispensable, but laborers are not. This thesis flows from a neglected asymmetry between capitalists and […]
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A New Path for Economics

Steve Keen’s book, The New Economics: A Manifesto (2021), offers a new path for economics, and for good reason. In his view, neoclassicism, the paradigm that rules modern-day economics, has become a serious menace: I regard Neoclassical economics as not merely a bad methodology for economic analysis, but as an existential threat to the continued […]
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