Capitalism is corrupt, but its defenders say it can be regulated to become less savage. History shows that the tendency of power and money to aggregate and be monopolized in fewer hands makes the dream of regulated capitalism impossible.
The post “Regulated Capitalism”: a Fairy Tale first appeared on Ted Rall's Rallblog.
A winter storm, labor, shortages, and outdated computer systems caused Southwest Airlines to cancel thousands of flights over the winter holidays. Travelers reported that other airlines, instead of helping out, raised their prices to take advantage of the situation.
The post Perhaps You Were Unclear on the Meaning of the Term first appeared on Ted Rall's Rallblog.Academic powerhouse and well-known economist Richard Wolff, joins the "Most Censored News'" Lee Camp to discuss the current decline of the US economy and the rise of a new, more balanced, mutlipolar world.
The post The Rise of The Multipolar World, with Economist Richard Wolff appeared first on MintPress News.
In his recent book, Joseph Henrich argues Western culture exists because the Catholic Church got obsessed with incest. Here's my in-depth review.
The post Weird Consilience: A Review of Joseph Henrich’s ‘The WEIRDest People in the World’ appeared first on Economics from the Top Down.