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

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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

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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

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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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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

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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

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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

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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

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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

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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

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