"Yes, change is the basic law of nature. However, the changes wrought by the passage of time affects individuals and institutions in different ways. According to Darwin’s Origin of Species, it is not the most intellectual of the species who survives; it is not the strongest who survives; but rather the species who survives is … Continue reading Social Darwinism and Fitness
by Yves Smith edited by O Society September 19, 2019 Surprisingly, no one commented on a link to an important article by the Financial Times’ esteemed economics editor, Martin Wolf: why rigged capitalism is damaging liberal democracy, which weighed in as a major feature, as opposed to his usual column length. Wolf’s article is noteworthy by … Continue reading The Financial Times’ Martin Wolf Discovers Rentier Capitalism and Financialization Increase Inequality and Hurt Growth
by Scott Preston edited by O Society July 20, 2019 Historians will often point out grotesque levels of inequality are implicated in the decline and fall of the Roman Empire and the end of the Greco-Roman Civilisation. They also warn we are about to repeat history once more. Let 'em wonder The Roman elite’s policy … Continue reading Panem et Circenses
Musical intro: When My Train Pulls In by Gary Clark Jr https://youtu.be/2XITBuWNROk by Nomi Prins TomDispatch Feb 26, 2019 Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism sparsely covers a grotesque underbelly of growing inequality hiding in plain sight. And this phenomenon of ever more concentrated wealth and … Continue reading Survival of the Richest: All Are Equal, Except Those Who Aren’t
by NOMI PRINS Le Monde Diplomatique FEBRUARY 1, 2019 A major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to get booted out … Continue reading Wall Street, Banks, and Angry Citizens
by Lynn Parramore Institute For New Economic Thinking January 20, 2019 He actually addressed the issue head-on. “The Millennial socialists are coming,” declared a June 30 New York Times headline, describing a surprise surge of young female candidates endorsed by the Democratic Socialists of America who beat their establishment opponents in primary races in New York and Pennsylvania. … Continue reading Was Martin Luther King a socialist?
America’s petty tribal arguments are now driving the bus on serious policy. Here’s why we should worry. by MICHAEL GRUNWAL Politico December 2018 To understand how American politics got the way it is today, it helps to rewind the tape to the presidential campaign of John McCain—specifically to his effort to win back a listless crowd at an otherwise … Continue reading How Everything Became the Culture War