The Lesser Dystopia
(This is part 3 in the No Time for Utopia series.) In On the Fragility of Civilization, I argued that due to the slowly compounding effects of an increasing number…
(This is part 3 in the No Time for Utopia series.) In On the Fragility of Civilization, I argued that due to the slowly compounding effects of an increasing number…
In 2009 Rolling Stone published an article by Matt Taibbi about Goldman Sachs. Taibbi writes: “The world’s most powerful investment bank is a great vampire squid wrapped around the face…
In Economics as Malignant Make Believe I showed that the derivation of the supply curve in mainstream (neoclassical) economics is nonsense because production costs are nothing like they are assumed…
(This is part 4 in the “Crisis and Inertia” series.) While climate change constitutes a major if not terminal crisis for civilization (and possibly even for mankind) and certain technologies…
Mainstream or “neoclassical” economics is built on a model of individual economic decisions by consumers and producers. The core of that model is a set of curves that relate demand…
This is a lightly edited excerpt from my book/pamphlet The Hegemony of Psychopathy. * * * The reorientation of political ambitions after the Second World War from power and territory…
According to conventional “wisdom” free trade leads to prosperity. Usually the idea is based on a version of David Ricardo’s (1817) theory of “comparative advantage” which is taught in most…
Question: Why can’t Greece repay its debts? Answer: Because its economy is in shambles. Question: Why is its economy so bad? Answer: Because the EU destroyed it. That’s the short…