Search Results for: wealth

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 abounds in late-stage capitalism Magical thinking is a form of purely imaginative cognition exhibited in childhood, in which children pretend that they will be able to get whatever they wish for without regard for the actual realities of the world. Not limited to children, magical thinking is a common trait exhibited by the […]

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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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There’s something those of us in marginalized groups know instinctively, having lived lives long in opposition to a dizzying continuum of Absurd Moral Authority: from outright violence, to secretive “technical” manipulations of statutes designed to erode or remove rights, to vague and carefully unstated “wink wink nudge nudge” moments from individuals of authority who had […]

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