Tag Archives: trickle down economics

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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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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The Church of Everlasting Debt and Your Identity

It is easy to start a church. You need a set of by-laws – the governing principles of your organization. Simply adopt clauses from existing ideology you deem appropriate and re-write them to reflect your exact circumstances. The neoliberal ideology … Continue reading

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Opportunities Lost: Create Your Own Truth

Neoliberalism rose to prominence by representing the subsequent crisis of the 1970s as a crisis of Keynesianism, against which the neoliberal project could be advanced as the return to the natural order of market society. The introduction of trickle-down economics … Continue reading

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Collective Bargaining and the Service Industry

Neoliberal fiscal austerity policies decrease public expenditure through cuts to central and local government budgets, welfare services and benefits, and privatization of public resources resulting in job losses. While unemployment is not exclusive to the homeless, it is a common … Continue reading

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Using a Digital Commons to Inform the Administrative State

Trickle down economics hurts the working class. Since 2008 it’s been kept alive by an austerity delusion – combined inordinate fear with buoyant optimism – of the rich, the bankers, the mainstream economists and the media rather than reality. The … Continue reading

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The Penalization of Poverty in a Class System

Almost all of the British economists of the late 18th century said when you have poverty, when you have a transfer of wealth to the rich, you are going to have shorter life spans. After the collapse of the former … Continue reading

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The Debate on the Science Behind Economic Choices

The choices you face in the ordinary business of your life – buying clothing, deciding what to eat, or seeking a job all involve considerations of cost, scarcity, and tradeoffs with other options – are economic decisions. The Enlightenment of … Continue reading

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