Economy













British economist Arthur C. Pigou, friend and contemporary of beloved John Maynard Keynes, eventually not only came around to the Keynesian logic, but also expanded on the common-sense philosophy to promote social balance…




Dutch primatologist Frans de Waal screens a video depicting what happens when a Capuchin monkey suspects that it is receiving unequal “pay” for a task it was trained to perform. How much is our own sense of “fairness” genetically hardwired, and what does this imply for our dominant economic systems?


Jason Bernard Claxton writes at Counterpunch: Free market advocates sometimes champion the free market as a means to an end, sometimes as an end in itself.  Sometimes the free market is better…



240px-Frederick_Douglass_portraitFrom Military Resistance: “At a time like this, scorching irony, not convincing argument, is needed. Oh had I the ability, and could reach the nation’s ear, I would, pour out a fiery stream of biting ridicule, blasting reproach, withering sarcasm, and stern rebuke.” —Frederick Douglass, 1852

Oil prices are rocketing. Iranian warships are moving into the Mediterranean to shadow the US warships already there. Propaganda news is growing with rumors of Al Qaeda links with Iran, and, then, less speculative news about real links between the terror groups and the armed opposition in Syria.

As Rolling Stone’s Matt Taibbi puts it, the smell of war is in the air and on the air,

“You can just feel it: many of the same newspapers and TV stations we saw leading the charge in the Bush years have gone back to the attic and are dusting off their war pom-poms.”


Geoffrey Wheatcroft writes in the New York Times: Could there be a single phrase that explains the woes of our time, this dismal age of political miscalculations and deceptions, of reckless and…


Gar Alperovitz chimes in on the re-evolutionary convergence of capitalism and socialism into a hybrid paradigm in a recent article in the NY Times: The Occupy Wall Street protests have come and mostly…




What would a Ron Paul economy look like? Suzy Khimm connects the dots for the Washington Post: Ever wonder what Ron Paul’s America would look like? Then read the budget outline that Paul…


When uber-establishment figures like Mervyn King, Governor of the Bank of England (UK central bank) warn of an impending financial apocalypse, you know things are out of control. The Telegraph has the bad news:

The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night.

Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession…