by Summary:
Previously Marxian Chris Dillow goes full-on Marxist. Time to change the material conditions of production. This is a moral argument in addition to being an economic one. Capital had its chance twice. The first time it failed was in the global financial crisis, which lead to obscene levels of "inequality" (read funneling ownership and control of real and financial resources to the top). Now, there is systemic failure that threatens civilizational collapse, with the current pandemic only one of the factors involved. Metaphorically, there are four horsemen of the apocalypse. We need a new approach to power-sharing. TPTB not only aren't cutting it but are also getting in the way. Time to make room for competence.Stumbling and MumblingInequality, morals & MarxismChris Dillow |
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Previously Marxian Chris Dillow goes full-on Marxist. Time to change the material conditions of production. This is a moral argument in addition to being an economic one. Capital had its chance twice. The first time it failed was in the global financial crisis, which lead to obscene levels of "inequality" (read funneling ownership and control of real and financial resources to the top). Now, there is systemic failure that threatens civilizational collapse, with the current pandemic only one of the factors involved. Metaphorically, there are four horsemen of the apocalypse. We need a new approach to power-sharing. TPTB not only aren't cutting it but are also getting in the way. Time to make room for competence.Stumbling and MumblingInequality, morals & MarxismChris Dillow |
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
Robert Vienneau writes Why Is Marginalist Economics Wrong?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Capital had its chance twice. The first time it failed was in the global financial crisis, which lead to obscene levels of "inequality" (read funneling ownership and control of real and financial resources to the top). Now, there is systemic failure that threatens civilizational collapse, with the current pandemic only one of the factors involved. Metaphorically, there are four horsemen of the apocalypse.
We need a new approach to power-sharing. TPTB not only aren't cutting it but are also getting in the way. Time to make room for competence.
Stumbling and Mumbling
Inequality, morals & Marxism
Chris Dillow | Investors Chronicle