Basic Income is the Next New Obvious

It is now generally accepted that automation renders much of human labor redundant and that…

Dollar Hegemony Post-Brexit

“Experience, however, shows that neither a state nor a bank ever have had the unrestricted power of issuing paper money without abusing that power” — David Ricardo

Markets were spooked by the Brexit — the value of the British pound sterling plummeted…

Notes on the Coming Crisis and the End of U.S. Hegemony

Today the global economy is in turmoil for two main and intertwined reasons. First, the financial crisis of 2008 was resolved in a way that merely postponed the day of reckoning. To resolve the debt-credit relation crisis of 2008 and not merely…

In a World Without Value

One function of mainstream economics is to advance the idea that Capitalism is the only true way of organizing an…

Robots, computers, the internet, in a word: rapid technological development. This is the material basis of economic crisis we have already experienced in the 21st century and of the…

Technology and Economic Crisis

Because it is ubiquitous, rapid technological change is easily taken for granted. Technology: alphabets…

Lo! Profit Rates are Falling

A bearish mood has washed over the investment world. Everyone knows that the developed economies are…