Tag Archives: Great Recession

Analysis of the Economic System Through the Lens of COVID-19

Crisis moments present opportunities for change; there is a loss of innocence and complacency. The COVID-19 pandemic causes a decline in “polarization” as various communities focus on a “common enemy” with a new collective approach to handling threats. Established relationship … Continue reading

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How Pandemics Can Create Change

The Black Death of the 14th century not only shook Italian society, but transformed it. It marked the end of an era in Italy and resulted in wide-ranging social economic, cultural and religious changes. This led to the emergence of … Continue reading

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Discourse and Democracy: the Exercise of Social Power Exploitation

Democracy is eroding across the globe – at least being transformed in such a way that we have to rethink what it means and how it works. How would one measure democratic backsliding in a country? Many believe the best … Continue reading

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Ideas Have Consequences: the Explosion of Inequality

Capitalist classes once believed in the idea that Keynesian economic policies, including redistribution of wealth within the system, guaranteed strong and sustained growth. Then they took advantage of economic crisis to change the system. By the 1970s, when high inflation … Continue reading

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The Myth of the Market

A myth is a widely held but false belief or idea that serves to explain the status quo in a society. The function of a myth is to justify an existing social system and to account for its rights and … Continue reading

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