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The Singularity is already here – it is the market
The Singularity is already here – it is the market The market economy exhibits most of the traits of the much hyped – and feared – singularity, where an artificial intelligence takes over the show and humans are enslaved. We have all heard the stories of the powerful algorithms. They control our choices and they […]
The Greek Disaster: State Inertia and the Market Economy
The Greek Disaster: State Inertia and the Market Economy What happened in Attica, close to Athens, is without precedent. An ordinary fire, like the ones that occur in this area almost every other summer, met up with a terrible, sudden wind that turned it into real galloping inferno. The tragic result was 87 dead Greek […]
Conservativism Now? Market Economies and the Liberal Anti-Culture
Conservativism Now? Market Economies and the Liberal Anti-Culture The persistent purpose of my writing over the past decade has been to reflect in a hopefully complex manner on the sort of culture necessary to “solve” the climate and ecological crisis and create a truly sustainable way of life. One of my main themes has been […]
Are Economic Crises Inherent to Market Economies?
ARE ECONOMIC CRISES INHERENT TO MARKET ECONOMIES? It is interesting to note that Marx, in his analysis of the capitalist economic system, basically concentrates on the study of the imbalances and maladjustments which occur in the market. This accounts for the fact that Marxist theory is primarily a theory of market disequilibrium and that occasionally […]
“It Could Reshape The Global Trading System For Decades” – US Rejects China’s Bid “Market Economy” Status
“It Could Reshape The Global Trading System For Decades” – US Rejects China’s Bid “Market Economy” Status The US has filed a legal submission to the WTO as a third party, intervening in a case that China has brought against the European Union. The US rejects China’s argument that under the 2001 agreement, which confirmed […]
Neo-Liberalism: From Laissez-Faire to the Interventionist State
NEO-LIBERALISM: FROM LAISSEZ-FAIRE TO THE INTERVENTIONIST STATE One of the most accusatory and negative words currently in use in various politically “progressive” circles is that of “Neo-Liberalism.” To be called a “Neo-Liberal” is to stand condemned of being against “the poor,” an apologist for the “the rich” and a proponent of economic policies leading to […]
Governments Create Monopolies and Cause Worker Exploitation, Not Free Markets
GOVERNMENTS CREATE MONOPOLIES AND CAUSE WORKER EXPLOITATION, NOT FREE MARKETS The world is threatened with a renewed wave of anti-capitalism and anti-business sentiments and policies. Many who cheered the demise of Soviet communism in the early 1990s, presumed that this meant that, by default, the case for free markets and competitive enterprise had won in […]
Understanding True Credit and False Credit
Understanding True Credit and False Credit There are two kinds of credit: that which would be offered in a market economy with sound money and banking (true credit), and that which is made possible only through a system of central banking, artificially low interest rates, and fractional reserves (false credit). Banks cannot expand true credit […]
