Search Results for: wealth

On May 31, 1921, a mob of murderous whites descended on the Greenwood neighborhood of Tulsa, Oklahoma dubbed Black Wall Street, and razed it to the ground. They dropped homemade bombs in the first ever domestic aerial attack on American soil, during the Tulsa Race Massacre following the end of World War I. Over three […]

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Empathy is the capacity, ability, and willingness to understand or share the feelings of someone else. It is to harmonize with that person (or animal, or even fictional character…) and synchronize with their mood — to walk a mile in their shoes. The word empathy comes from a Greek word meaning “suffering,” which describes the […]

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January 6: A Day that will live in ignominy. The day Capitol riots broke out when an angry mob, following instructions from Donald Trump, stormed the halls of Congress and came within minutes of a potential hostage situation or worse: a massacre. I’m still processing the events of Wednesday, as are many. Even though I […]

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A concept that describes the impact to the world of children in poverty, under excessive inequality, and in other circumstances that contribute to the loss of that individual’s gift to the world. It is one of many ways to try and measure the effect of the negative externalities of lightly regulated laissez-faire capitalism. There is […]

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Kleptocracy, a term derived from the Greek words “kleptΔ“s” (thief) and “kratos” (rule), refers to a government or state in which those in power exploit national resources and steal; it’s essentially “rule by thieves.” The nation’s leaders harbor organized crime rings and often participate in or lead them; the police, military, civil government, and other […]

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Magical Thinking is a development phase we all go through as children. Unfortunately, some never come out of it fully. It’s a juvenile way of imagining you can wish reality into existence through the sheer force of your mind. There is a role for Magical Thinking in key contexts, such as creative fields — as […]

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I’ve been reading John Stuart Mill’s “On Liberty” and am reminded of the quintessential liberal definition of the term: The only freedom which deserves the name, is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain […]

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oligarchs in the 19th century

Some people like to argue that more economic inequality is a good thing, because it is a “natural” byproduct of capitalism in a world of “makers and takers,” “winners and losers,” “wolves and sheep,” [insert your favorite Manichaean metaphor here]. However, too much inequality is deleterious for both economics and politics — for with oligarchy […]

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Dictatorships generally do not foster, or even tolerate, the kind of creative disruption of the status quo necessary to the existence of a dynamic free market. Plus, the economy of the Russian state can best be described as a mafia state, or kleptocracy. Thus Vladimir Putin needs to find other ways to shore up both […]

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