In Capitalism and Climate Collapse, I argued that catastrophic climate collapse cannot be avoided under capitalism because capitalism requires economic growth, economic growth requires energy growth, energy growth requires extensive…
The claims that capitalism is the cause of climate change and that catastrophic climate collapse cannot be avoided under capitalism are as obvious to some people as they are nonsensical…
(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…