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Tag Archives: Adam Smith
Objective Reality: the Pervasive Atmosphere of Hostility of Neoliberal Narcissism
Powerful elites always have a justification for their obsessions. In the past emperors, kings, and aristocrats claimed they were God’s chosen. The plutocrats of the modern world have dispensed with God, but they have a philosophy that justifies in their … Continue reading
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
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
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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Doubt And Critical Thinking In Elections
Rene Descartes claimed reasoning is an ability that all people have, and this ability that we all have is exactly what we need in order to learn about the world. We don’t need a special upbringing, education or religion. Descartes … Continue reading
Posted in economic inequality, Uncategorized
Tagged Adam Smith, anti-intellectualism, Donald Trump, Isaac Newton
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Potential as a Freedom
Life is an unstable equilibrium between agency and determinism. Human agency is a collective of systemic thinkers and doers creating conditions where individuals can transform the status quo. Causal determinism is the idea that every event is necessitated by antecedent … Continue reading
Posted in economic inequality
Tagged Adam Smith, Charles Darwin, Herbert Spencer, John Locke, Ronald Reagan, Rousseau
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Today’s Social Fantasy
A fantasy is something produced by the imagination that might possibly be accomplished, although the chances of its fulfillment are quite remote. Illusions, in contrast, are based on false beliefs, and it is their lack of fruition in the face … Continue reading
The New Parasitic Bureaucracy
The Occupy Wall Street movement was a protest against the oligarchy that is responsible for the increasing economic inequality between the rich and the rest of society. The ideology of neoliberalism drives the social agenda and economic goals of the … Continue reading
Posted in economic inequality, United States Economy
Tagged Adam Smith, Ronald Reagan, Thatcher
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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
Passions and Decision-making
Isaac Newton (1642-1727) discovered the natural laws of motion which provided the final piece to the puzzle to explain why the Earth revolves around the sun. Newton refashioned the world governed by an interventionist God into a world crafted by … Continue reading