Political Economy

Thinking Citizen Blog — Tuesday is Economics, Finance, and Business Day Today’s Topic: The Orion of Political Economy — Seven Sentences Most Worth Remembering Politics and economics are inseparable. And both are inseparable from psychology and ethics. So can you distill all you have learned about all four disciplines into…

for society to go where Marx foresaw As Karl Marx made clear, capitalism did not invent exploitation. Rather, that has been the heartless core of civilization from day one. I have developed a new and different approach to ending exploitation. William Adeleke, of the International Information Technology University in Almaty…

I’ve assumed that some amount of coercion is legitimate, as a way of reining in exploitation. In particular, that private property, contract enforcement, and fraud prevention are legitimate institutions (let’s call these “the legitimate coercive institutions”, or “LCI”s). This acceptance of these legitimate coercive institutions may make governments legitimate, in…

Thank you, I appreciate the recognition and the opportunity to serve as a Marxist-Leninist political advisor. I will do my best to provide thoughtful and informed guidance for the cause of the international proletariat’s liberation. From a Marxist-Leninist perspective, it is important to understand the ways in which the ruling…

A leading theorist of capitalism says “yes” Let’s assume that freedom — our ability to do what we choose without being stopped by others — is a good thing. And let’s assume that exploitation — a situation where nonproducers take away the value of things we have produced — is a bad thing. What happens if freedom…

I don’t want to promote the idea that you *can’t* have higher employment without spiraling inflation, but I do find the predominant script of how inflation supposedly works to be horrifying. I almost think the left in the US doesn’t take enough advantage of the insanity of it. So- you…

A brief/early rough draft of an in progress paper. Marx had described the process of commodity-fetishism whereby the relationships between individuals turned into relationships between commodities. In other words, what guided the activity of men was not man himself, but rather something alien: the commodity-form, capital accumulation. Money, capital, the…

What awaits the U.S. Economy in 2023 and beyond? — Below is from an interesting article in the WSJ, published today, which details a unique stock investment strategy. What caught my eye: the prediction of a massive black swan event that will cause market doom greater than the 1920s or the other prior, devastating setbacks in U.S. economic history. …