Tag Archives: trickle down economics

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

Posted in economic inequality | Tagged , , , | Leave a comment

The Rise of the Neoliberals

Isaac Newton (1642-1727) discovered the natural laws of motion, which provided the final piece to the puzzle, establishing the Copernican theory of the Earth revolving around the sun, introducing  the spirit of individualism and the idea the study of human … Continue reading

Posted in economic inequality, Enlightenment, Global Economy | Tagged , , , , | Leave a comment

The Death of Liberalism

Classical liberalism supported the notion that society as a whole would begin to prosper as the level of personal freedom or autonomy increased. Individuals left to their own devices to pursue their own goals, limited only by known and universally … Continue reading

Posted in economic inequality, Enlightenment | Tagged , , , , , , | 1 Comment

We Are Unable To Reach Our Full Capacity to Make Wise Decisions

We live in a world of illusion. While many believe they have special access to the truth, the reality is that we all see the world not as it is, but as we want it to be. What began in … Continue reading

Posted in economic inequality | Tagged , , , | 1 Comment

On the Rationalization of Inequality

Voltaire observed, “One day everything will be well. Everything is fine today. That is our illusion.” Illusion is the ability to manipulate how other people perceive reality. What began in September 2011 as a small group of protesters camping out … Continue reading

Posted in economic inequality | Tagged , , , , , , , | 15 Comments

Part 2 of 2: A Paradigm Shift

During the early 1900s participants of the Progressive movement were troubled by the plight of the urban poor. They worried that the ‘promise’ of the American system did not extend evenly (Rothman 1980) to all segments of society – it … Continue reading

Posted in economic inequality | Tagged , , , , , , | 1 Comment

Part 2 of 2: What is truth?

In order to control society Plato recommended the use of the Noble Lie, so people under the state wouldn’t question their place in life. The Noble Lie was meant to benefit the community. The Noble Lie is a strong mechanism … Continue reading

Posted in United States Economy | Tagged , , , | 1 Comment

Part 2 of 2: The Rise of the New Anarchists

During the 188Os, when anarchists and socialists were particularly active in the old unions, the American labor movement was an inspiration to the workers of the world. Most of the leaders were Socialists. The trade unions were also radical. The … Continue reading

Posted in economic inequality | Tagged , , , | 2 Comments

On the Emperor’s New Clothes

The class orientation of past regimes was public and open. The monarchy, the church, and the nobility ran matters for their own interest. In the last half of the 19th century during the first era of globalization the new rich … Continue reading

Posted in economic inequality, Global Economy | Tagged , , | 1 Comment

The Rationalization of Inequality

The Medieval church became the most dominant institution in western Europe. It was one of the largest landowners of the time and collected rents and many fees for offices and services. The church did not pay taxes. The top down … Continue reading

Posted in Global Economy, Objectivism Lost and an Era of Disillusionment, United States Economy | Tagged , , , , , , , , , , | 3 Comments