The Usual Suspects

Two other important examples the study dissects are financial deregulation in the United States and privatization in post-Soviet Russia. In both cases, economic reforms that made a lot of sense in the abstract and in terms of economic efficiency had the unintended consequence of strengthening already powerful political interests. As the powerful often do, they […]

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It’s Nothing But Chump Change

“Sergey Brin at Google who just had the thought of, well, if we give away all the information services, but we make money from advertising, we can make information free and still have capitalism. But the problem with that is it reneges on the social contract where people still participate in the formal economy ( […]

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Voluptuous Economics and Stingy Sweethearts

MONDRAGON Corporation is a business-based socioeconomic initiative with deep roots in the Basque Country… Fosters participation and the involvement of people in the management, profits and ownership of their companies, developing a shared project which unites social, business and personal progress. From Mondragon’s website If the Best is Yet Come, Exactly What was All of […]

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The Greatest Human Folly of All Time

“There is a bottleneck in human history. The human condition is going to change. It could be that we end in a catastrophe or that we are transformed by taking much greater control over our biology. “It’s not science fiction, religious doctrine or a late-night conversation in the pub. “There is no plausible moral case […]

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Sustainable Comedy and the Folly of Capitalism

For years, economists have posited that prosperity requires growth, with environmental damage as the regrettable but unavoidable consequence. A growing number of critics are now challenging this equation, though, calling for a radical revamping of the economic system.                              Nils Klawitter My Cowboy Cadillac and the Place I’ve Called Home for Near Four Decades I’ve […]

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