Author Archives: greg

An Analysis of the Circulation of Elites in America

At the turn of the 20th century, Vilfredo Pareto (1848-1923) was attempting to refute the claim that socialism provided a superior solution to economic problems. Pareto became concerned that if liberalism was superior why wasn’t it being generally practiced. This … Continue reading

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The Rise of the Kleptocracy: America’s Security Threat

Milton Friedman’s neoliberal triumvirate of privatization, deregulation – free trade, and drastic cuts to government spending laid the groundwork for Reagan economic policies of deregulation that began in the 1980s. This, in turn, launched globalization which was supposed to undermine … Continue reading

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Introducing Change While Respecting the Individual

Jeremy Bentham (1748-1832), an English philosopher, is principally known for his principle of utilitarianism, which evaluates actions based on their consequences. Bentham believed, motivated by pleasure and pain, people value self-interest above social interest. He maintained that putting his moral … Continue reading

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Understanding Socioeconomic Contradictions

In the 19th century Georg Wilhelm Hegel (1770-1831) developed a theory to explain historical development as a dynamic process. Hegel introduced a system to study history – dialectical thinking – a progression in which each successive movement emerges as a solution … Continue reading

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Refuse to Be Ruled by the Past

Theories of society develop out of social conditions and are shaped by cultural influences. They have been expressed in varying forms of action, by which in turn, they have been modified. William Godwin wrote in 1793 that governments have no … Continue reading

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Beyond Plutocracy: the Return of Democracy

The Power Elite is a 1956 book by sociologist C. Wright Mills, in which Mills calls attention to the interwoven interests of the military, corporate and political elements of society and suggests that the ordinary citizen is a relatively powerless … Continue reading

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Darwin’s Invisible Hand Narrative: A New Paradigm

Economists try to model human motivation in an attempt to understand how markets work. Traditional economic models assume that the satisfaction people take from consumption depends only on the absolute amount of it. Yet compelling evidence suggests that relative consumption … Continue reading

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The Poor Must Seize the Charities

It is not enough to mitigate the worst aspects of poverty. We should instead seek to harness the potential of direct aid to create organizations which aim to abolish the conditions which make that aid necessary. Vulnerability has three important … Continue reading

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How the Economy Creates Today’s Cultural Conditions

Friedrich Nietzsche (1844-1900) considered nihilism a transitional stage that accompanies human development. It arises from frustration and weariness. When people feel alienated from values, and have lost the foundation of their value system but have not replaced it with anything, … Continue reading

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The Beginning of the End of Equality and Freedom

The social contract refers to the belief that the state exists only to serve the will of the people who are the source of all political power. Neoliberalism is an ideology founded as the only source of truth. The neoliberal … Continue reading

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