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Capitalism and its pathologies

Perhaps ever since ironmonger and Baptist lay preacher Thomas Newcomen applied his newly invented steam engine in 1712 to pump water out of a coal mine to increase profits, we were doomed to live in an economic...

Capital, Profits and Wages in 2021

Long before Karl Marx and Jenet Yellen, some might have suspected that there are three elements that define the core of capitalism. These are, of course, capital. But capitalism is also a system that is defined...

The global COVID-19 inequality virus

By early June 2021, the world was about one and a half years into the coronavirus pandemic. The coronavirus pandemic had not only a tragic human cost when millions of lives were lost, but it...

The good-doing elite

As the new elite tells us, it is benevolent, wants to do good, wants to save the plant, assist the poor, do something for the environment, etc. However, the underlying facts that make the elite the elite...