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Tag Archives: trickle down economics
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
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
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
Posted in economic inequality
Tagged Donald Trump, Ronald Reagan, trickle down economics
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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
Posted in economic inequality
Tagged Donald Trump, neoliberalism, trickle down economics
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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
Posted in economic inequality
Tagged Adam Smith, Herbert Spencer, Milton Friedman, trickle down economics
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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
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
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
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
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 Bernie Saunders, Elizabeth Warren, Kierkegaard, meritocracy, Nietzsche, PopeFrancis, trickle down economics
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