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Markets – More Food And More People
In my previous article I asked why we grow food and discussed three different situations: 1) the transition from foraging to farming 2) the first agricultural revolution (with the example of Sweden in...
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Harvard Has Become a Tax Shelter for Billionaires as Public Education Languishes
On April 11, 2023, Harvard University announced that the billionaire hedge fund CEO Kenneth C. Griffin is donating $300 million to Harvard’s Faculty of Arts and Sciences to fund research and...
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For Supposed Free Marketeers, Capitalists Sure Do Love Manipulating Labor...
On March 14, Meta announced it was cutting some ten thousand jobs from its workforce. In February, former pandemic darling Zoom made about 1,300 cuts to its employee pool. Alphabet, Google’s parent...
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‘Market Fundamentalism’ Is an Obstacle to Social Progress
Yet markets are just one among many social means of rationing. Anything scarce relative to demand for it raises the same question: Who will get it and who must do without it? The market is one...
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The Housing Crisis Is Class War
What if there is no housing crisis, but a housing market working exactly as designed? Ricardo Tranjan’s The Tenant Class rests on this premise, effortlessly dismantling apolitical narratives of...
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We Can Craft a Workable Workplace Democracy for a Socialist Future
In a socialist society, should workers have democratic control over their own workplaces? For many socialists, the answer is obvious: of course, almost by definition. But among economists who have...
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The World’s Food System Brings Us Inflation, Hunger and Waste
Market fundamentalists would have us believe that if only we left the provisioning of all human needs to the tender mercies of unregulated markets, a cornucopia of fabulous wealth would trickle down to...
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Media Blame Homelessness on Substance Abuse. The Data Tell a Different Story.
A new study from Pew Charitable Trusts shows that four U.S. cities that saw low rent growth also saw decreases in homelessness. In California, government officials have blamed the Ninth Circuit...
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The True Cost Of Billionaire Philanthropy
INTRODUCTION: The news is full of stories about billionaires giving huge gifts to charity. Yet for all but the most generous, their giving is nowhere close to keeping up with the growth in their...
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The Ideology of the Free Market – Facts and Fabrications
While neoliberalism pushes its idée fixe of a – so far still unseen – free market, the reality of advanced capitalism in the 21st century looks rather different from the overtly romantic image of an...
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