Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those en...
When the fog lifts on this economy, I think we’ll find a lot of people refusing to ever turn off their caution lights.
Had history been democratic in its ways, there would have been no farming and no industrial revolution. Both leaps into the future were occasioned by unbearably painful crises that made most people wish they could recoil into the past.
The fact that, in the United States, there are people serving ten-year prison terms for growing marijuana plants in their backyards while Wall Street racketeers, who have defrauded millions of people and destroyed the global economy, walk free is a k...
Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies. Businesses were, so the story goes, seen as anti-social agents whose profit-seeking needed to be restrained for other, supposedl...
Don’t you have any concept of individuality?" she asks, annoyed by its presumption at meddling with her internal states. "Individuality is an unnecessary barrier to information transfer," says the ghost, morphing into its original form, a transluce...
In order to survive, a plurality of true communities would require not egalitarianism and tolerance but knowledge, an understanding of the necessity of local differences, and respect. Respect, I think, always implies imagination - the ability to see ...
The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned the confidence and optimism of the 1920s - poor distribution of income, a weak banking structure and insufficient r...
There is, of course, a deep irony in the fact that technology, which was supposed to cut the ties between people and places and allow people everywhere to work from almost anywhere, turns out to flourish in fairly compact geographic locations.
The incredible benefits of practising and applying mindfulness and self-compassion in the workplace are being increasingly recognised by human resource professionals as well as the medical profession, as the stresses of competing in today’s global ...
Their job as leader was not to solve the problem – the president really has little control over the economy – but to convince the public not only that he has a plan but that he is altogether confident in the plan's success and that only a cynic o...
For all the enlightened nations that profess a loyalty to liberty, democracy, economy and all the rest, there has long been a readiness to look for a chosen one; as Carlyle pointed out, even the French, those great anti-venerators, those relentless b...
The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes-governments, monopolies, regulators, and elite institutions-all attempting to quell human diversity ...
If gold has been prized because it is the most inert element, changeless and incorruptible, water is prized for the opposite reason -- its fluidity, mobility, changeability that make it a necessity and a metaphor for life itself. To value gold over w...
It is curious that people tend to regard government as a quasi-divine, selfless, Santa Claus organization. Government was constructed neither for ability nor for the exercise of loving care; government was built for the use of force and for necessari...
In the economy of the body, the limbic highway takes precedence over the neural pathways. We were designed and built to feel, and there is no thought, no state of mind, that is not also a feeling state. Nobody can feel too much, though many of us wor...
At no point does anyone in the chain know what to do with money in the real economy. But in an indefinite world, people actually prefer unlimited optionality; money is more valuable than anything you could possibly do with it. Only in a definite futu...
And with a practice of writing comes a certain important integrity. A culture filled with bloggers thinks differently about politics or public affairs, if only because more have been forced through the discipline of showing in writing why A leads to ...
Obviously, things can get derailed, particularly if, which looks more and more likely, you get a blow-up between Israel and Iran. I think that's a very real probability now. But barring some real blow-up, the U.S. economy will grow, after a slow firs...
War means fighting. The business of the soldier is to fight. Armies are not called out to dig trenches, to throw up breastworks, to live in camps, but to find the enemy and strike him; to invade his country, and do him all possible damage in the shor...
We got rich by violating one of the central tenets of economics: thou shall not sell off your capital and call it income. And yet over the past 40 years we have clear-cut the forests, fished rivers and oceans to the brink of extinction and siphoned o...
