Tag Archives: Great Recession

Ideas Have Consequences: the Explosion of Inequality

Capitalist classes once believed in the idea that Keynesian economic policies, including redistribution of wealth within the system, guaranteed strong and sustained growth. Then they took advantage of economic crisis to change the system. By the 1970s, when high inflation … Continue reading

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The Myth of the Market

A myth is a widely held but false belief or idea that serves to explain the status quo in a society. The function of a myth is to justify an existing social system and to account for its rights and … Continue reading

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