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Category Archives: Global Economy
The Reawakening of the Ongoing Class Struggle for Economic Stability
Neoliberalism intensifies and extends itself by displacing competing socioeconomic forms that restrict it. This means that a through, nuanced, comprehension of capitalism is more important than ever for understanding neoliberal social life and psychology. Marx and Engel’s analysis of capitalism … Continue reading
The Rise of Revolutionary Ideas Over the Past 200 Years
In the 19th century, man has seen some of the most revolutionary ideas in human history. These ideas have not only shaped the way we live our lives, but they have completely changed the way we view ourselves and the … Continue reading
Posted in Global Economy
Tagged Charles Darwin, Hegel, Richard Hofstadler, Ronald Reagan, The Road to Freedom
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Well-being Should Replace Growth as the Measure of a Country’s Success
Happiness is the feeling that power increases – that resistance is being overcome,” observes Nietzsche. Happiness can exist without well-being, but well-being can’t exist without happiness. It leads us to physical and emotional aspects which every person is trying to … Continue reading
How Ecology and Skepticism Define Sustainable Development
Social ecologists hold that the problems of environmentalism are due to an authoritarian hierarchy that is also responsible for such ills as racism, sexism, and classism. They argue that problems such as global warming or species extinction are caused in … Continue reading
Crisis of the Environment: Time to Push the Economy to do More With Less
The political project of neoliberalism developed a two-prong approach: (1) dismantle any barrier to the exercise of unaccountable private power; (2) erect barriers to the exercise of any democratic public will. The policies of privatization, deregulation, tax cuts for the … Continue reading
Posted in Global Economy
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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
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
Posted in Global Economy
Tagged Ayn Rand, Friedrich Hayek, Jeremy Bentham, middle class, Milton Friedman
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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
There Is No Alternative to Austerity: Propping Up the Neoliberal State
Neoliberalism requires a market society achieved through a transformation in social society. Initially this meant welfare states must be slammed down by austerity policies in order to turn over to the market potentially lucrative sectors of the social economy – … Continue reading
Posted in economic inequality, Global Economy
Tagged inequality, neoliberalism, Tea Party
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Nightmare on Main Street: the Neocon and Neoliberal Failures
A nightmare, or bad dream, is an unpleasant experience that can cause a strong emotional response from the mind, typically fear but also despair, distress, even extreme anxiety. The dream may contain situations of discomfort, psychological or physical terror or … Continue reading
Posted in economic inequality, Global Economy
Tagged Donald Trump, inequality, neoliberalism, Steve Bannon
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