The Crises of Today's Economy (tags)
The market is not a subject but an instrument. Nevertheless "the primacy of the market" replaced "the primacy of politics." Neoliberalism actually serves the interests of finance capital. A doctor whose therapy causes sicknesses cannot understand this. Our elites are in great distress.
The Consequences of the Digital Disruption for the Economy (tags)
The greatest social and economic revolution since industrialization opens up unlimited possibilities for people and businesses. Craigslist made a million-dollar business out of a billion-dollar business. A redefinition of unemployment and a discussion of unconditional basic income are inevitable.
The economy elected Barack Obama President, and it will make or break his administration. Right now it seems likely to break it, as Obama's announced appointees to staff his government come almost exclusively from the moderate administration of Bill Clinton, thereby assuring the ruling class that "change you can believe in" means "change the rich and powerful won't have to worry about." Without a mass Left movement on the order of the socialists and communists who in the 1930's pushed Franklin Roosevelt to the Left, Obama's Presidency is likely to be yet another suck-up to corporate America and its anti-labor, anti-environment, anti-worker "free trade" agenda.