Boredom and Work

“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

The Upside-Down Economy

The idea that the financial markets are the essential force that drives economic growth and progress, has dominated political thinking for too long. The financial markets and their agents have dominated politics and the Congress over recent decades more than ever before. After all, it took several decades for the financial elite to accomplish the … More The Upside-Down Economy

Capitalist Culture and the American Worker

We are a Capitalist Culture. The entire course of the industrial era has been driven by capital investment in technologies and materials that together have increased economic production. In the U.S. – contrary to corporate folklore – much of that capital investment has been made by the government, often at the behest of business. Infrastructure … More Capitalist Culture and the American Worker

Capital Contradiction: The Fundamental Flaw that Dooms the Corporate-Growth Economy

The corporate cheerleaders of the last stages of the dying unlimited-growth economy still argue that “growth” is necessary for a healthy economy. The role of growth in our economic culture seemed secure, until the cracks in its foundation grew ominous. Now it’s a big question. As the argument goes, capital growth spurs technological innovation, which … More Capital Contradiction: The Fundamental Flaw that Dooms the Corporate-Growth Economy

The Real Cause of Unemployment: Automated and Outsourced Over-Production

In a growth economy, new jobs are created on a regular basis because new production expands the employment base. In a shrinking economy, just the opposite happens. The U.S. and most of the industrial world have enjoyed the benefits of expanded production and employment for many decades, minus the occasional downswings of the “business cycle,” … More The Real Cause of Unemployment: Automated and Outsourced Over-Production