“Are we there yet?” “Why? Are you bored?” Boredom. I never got that. How can any conscious being be bored? I think it is a matter of perception and attitude, maybe even choice. I recall hearing of people retiring from a job they had for most of their adult life, then dying within a few … More Boredom and Work
Globalization is widely touted in the mass media as both inevitable and good. But why? It is claimed that products are more efficiently produced, labor is more productive, technology is improved by greater innovation, and capital is more efficiently allocated. But wait, there’s less! According to Paul Hellyer, former Deputy Prime Minister of Canada, “Globalization … More The Happiness Factor: What’s the Point of Having an Economy anyway?
The accelerating concentration of income and wealth in the upper 1% of the upper 1% of the population and the failure of the “growth” economy to serve the population that supports it, are not only moral questions of fairness. The distribution of income and wealth are also important elements of the health of the economy … More Why a Return to Progressive Taxation is necessary…and Right
In recent memory at least, Americans have been uncomfortable with the idea of class. That somehow has caused a retreat to the middle. In the context of the myth of universal opportunity for mobility through achievement, it’s almost like Garrison Keeler’s Lake Woebegone, where “all the children are above average.” The “lower class” is not … More What Middle Class?
The inevitability of climate chaos leading to species extinction of humans, along with many other species, now seems assured without massive mobilization and collective action on a scale never before achieved by humans. Necessary but seemingly impossible – that is not a comforting thought. Yet, here we are, contemplating whether or not the president will … More Necessary but Unlikely Total Mobilization to Curtail Climate Chaos
The pervasive acceptance of conventional economic theory as a “natural science” that gives us guidance for dealing with our economic lives is one of the biggest obstacles to understanding and making rational choices about the converging crises of our time. Simply put, the fundamental flaw in conventional economics is that the economic system it promotes … More The Great Jobs Myth and the Transformation of the Growth Economy, Part II
A lot of congressional politicians and media pundits of both Republican and Democratic persuasion are jabbering these days about “job creation.” The 2014 mid-term elections are fast approaching and nobody wants to be caught looking indifferent to the lack of jobs for an increasingly large numbers of Americans. Their approaches are different, of course. The … More The Great Jobs Myth and the Transformation of the Growth Economy, Part I