“Neoliberal economics is based on absurd assumptions and fantasies”
a brief but compelling presentation – starts with a critique of neoclassical economics This 14-minute video by Richard Murphy, Emeritus Professor of Accounting Practice at […]
neoliberalism
Extraction Capitalism – the latest phase
a more descriptive name than neoliberal capitalism There is no single entity called “capitalism”. Such a concept exists only as an academic construct (see orthodox […]
“What Led To The Rise Of Billionaires? – OpEd”
an introduction to the global policies supporting billionairification “What Led To The Rise Of Billionaires? – OpEd” in the Eurasia Review (3.23.2025) by Bhabani Shankar […]
“The Techno-Optimist Manifesto” – more about tech billionaire ideology
The Techno-Optimist Manifesto by Marc Andreessenis a 2023 statement of a libertarian-technology-centric view of the world. This manifesto is primarily based on a faith-based understanding […]
Competitive Capitalism – long dead in the US
A key part of the description of capitalism in orthodox (neoclassical) economics, and our political rhetoric, is the role competition between companies plays in keeping […]
Book Review – Revolt of the Rich: How the Politics of the 1970s Widened America’s Class Divide by David Gibbs
Neoliberalism is the word most frequently used by commentators and academics when discussing the changes in the US economy over the past 50 years. For […]
Elon Musk, $50 billion, and Financialization – from production to extraction
Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package […]
Video Post – the $47 Trillion Rip Off
A video version of the earlier post, “$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few […]
$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few more…..
I was already 31 years old when the rip-off of America began in 1979. I was busy, and the changes in American life were only […]
Sources of Poverty in the US – Matthew Desmond article – Updated
Original posting – 3.6.2023 Matthew Desmond, author of Evicted: Poverty and Profit in the American City, has a new book Poverty, by America set to […]