Tag: Economy
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Elites Explain Why Class Warfare is Good for Productivity
On September 12, 2023, Tim Gurner, the owner of Gurner Group, addressed a crowd at the Australian Financial Review’s Property Summit: I think the problem that we’ve had is that people decided they didn’t really want to work so much any more through COVID and that has had a massive issue on productivity… They have…
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Jimmy Carter Admits to U.S. Willful Destruction of North Korea
Here’s an interesting admission by a former President of the United States Jimmy Carter on North Korea: “And the North Koreans have suffered because the United States have done everything we possible could to destroy the economy of North Korea, we have done everything we possibly could to boost the economy of South Korea, and…
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The US Federal Reserve and Class Warfare
In 2018, I wrote an article titled: Confirmed: Industry Self-regulation is a Myth to document how the Chairman of the US Federal Reserve (arguably the world’s most important bank), Alan Greenspan, admitted to Congress that free markets cannot regulate themselves. Greenspan told Representative Henry Waxman (D) from California: I made a mistake in presuming that…
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Letter in Support of a Wealth Tax
A CALL TO ACTION: A LETTER IN SUPPORT OF A WEALTH TAX JUNE 24, 2019 TO: 2020 Presidential Candidates We are writing to call on all candidates for President, whether they are Republicans or Democrats, to support a moderate wealth tax on the fortunes of the richest 1/10 of the richest 1% of Americans —…
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Veblen: The Theory of the Leisure Class
If you’re looking for a non-Marxist critique of Capitalism and modern society in general, then you need to read Thorstein Veblen’s The Theory of the Leisure Class. Published in 1899, the book is an economic treatise and detailed social critique of conspicuous consumption, as a function of social-class consumerism, which proposes that the social strata…
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Heilbroner: Capitalism vs. Communism
Hi. I came across this article written in 1967 by Robert L. Heilbroner and figured I would share it. It’s a bit outdated, but it has some interesting thoughts. You tell me? The Revolution of Rising Expectations: Rhetoric and Reality Is the United States fundamentally opposed to economic development? This question is outrageous. … There…