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Created
Tue, 05/08/2025 - 06:21
Few thinkers have had as profound an impact on the world as Karl Marx. Despite the century and a half since his death, his ideas remain highly relevant. A topic that often surfaces when discussing Marx’s seminal economic work — Capital — is the so-called ‘transformation problem.’ An online debate has recently emerged regarding how […]
Created
Tue, 05/08/2025 - 05:32

The ethnic cleansing of hundreds of thousands of Serbs by a US-backed Croatian leader was premeditated, according to newly-uncovered files revealing the operation’s planning. After the bloodshed subsided, Richard Holbrooke, a top US diplomat, assured him: “We said publicly… that we were concerned, but privately, you knew what we wanted.” August 4, 2025 marks the 30th anniversary of Operation Storm. Little known outside the former Yugoslavia, the military campaign unleashed a genocidal cataclysm that violently expelled Croatia’s entire Serb population. […]

The post US backed ethnic cleansing of Serbs, top diplomat secretly told Croat leader first appeared on The Grayzone.

The post US backed ethnic cleansing of Serbs, top diplomat secretly told Croat leader appeared first on The Grayzone.

Created
Tue, 05/08/2025 - 03:00

Several months ago, in the lead-up to the most recent Most Important Election of Our Lifetime, I wondered out loud whether we should choose the uncertain wish for hope and joy or the very real promise of bleak despair. These were the options that were being presented to us, and the choice seemed pretty clear. I know I don’t need to tell you which alternative won out, but I will anyway. It wasn’t hope and joy.

So here we are today, living in a landscape carved from bleak despair, bleaker than most people anticipated. And we’re navigating through a darkness that descended on us with a startling speed, outperforming nearly everyone’s—even the most cynical—predictions. Leading some people to cry, “We did not think things would be like this!” Or “How is this happening?” While others declare, “I didn’t vote for this!”

Created
Mon, 04/08/2025 - 22:00

More daycare options at a variety of price points, all of them unaffordable.

A super accessible subway station with an elevator that will get you all the way down to the mezzanine. The tracks are just two flights of stairs below that.

Playgrounds that are so packed you’ll wait in the bathroom line for forty-five minutes. That’s how much kids love our jungle gyms. Please bring your own toilet paper.

Restaurants with kid-friendly meals that considerately still charge adult prices, so you get both experiences. Bet you’ve never tried twenty-four-dollar buttered noodles before.

Completely adequate public schools. As in, most of the kids are vaccinated.

Enough minivans with “honors student” bumper stickers that you can be confident that Harvard recruiters will visit every fall. Saves you a trip. Your child is two, but still.

A booming waiting room at the pediatrician’s office. This is a great way for your child to make friends and also get the flu. Immunity Power!

All the city’s best retail stores: Macy’s, H&M, Target, Ann Taylor. Uniqlo, another Target.

Created
Mon, 04/08/2025 - 20:18
Karl Marx, Das Kapital (1867) Thorstein Veblen, The Theory of the Leisure Class (1899) Joseph Schumpeter, The Theory of Economic Development (1911) Nikolai Kondratiev, The Major Economic Cycles (1925) Gunnar Myrdal, The Political Element in the Development of Economic Theory (1930) John Maynard Keynes, The General Theory (1936) Karl Polanyi, The Great Transformation (1944) Paul […]
Created
Mon, 04/08/2025 - 20:10
An economic theory that does not go beyond proving theorems and conditional ‘if-then’ statements — and does not make assertions and put forward hypotheses about real-world individuals and institutions — is of little consequence for anyone wanting to use theories to better understand, explain or predict real-world phenomena. Building theories and models on patently ridiculous […]
Created
Mon, 04/08/2025 - 17:34
Last Friday (August 1, 2025), the US Bureau of Labor Statistics published their latest – Employment Situation Summary – for July 2025. What followed was somewhat extraordinary. The data and the revisions to the previous two months data releases (which is standard practice) showed that the US labour market is in decline. It starkly runs…
Created
Mon, 04/08/2025 - 17:00
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August 4th, 2025next

August 4th, 2025: This weekend I'm at DUBLIN COMIC CON

Created
Mon, 04/08/2025 - 07:23

In the crisis-ridden autumn of 1936, the communist poet and critic Edgell Rickword wrote an editorial for the magazine Left Review: The sincerity of our protests at fascist brutalities can only be measured by the strength of our efforts to secure the right of the colonial peoples to govern themselves. And, as practical people, let […]