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Category Archives: Economics
Corporate Socialism and Hollowing of America
Most people understand and assume that government income redistribution, where higher incomes are taxed and transferred to those with lower incomes, is a way of achieving greater income equality. But few people are aware of the extent of corporate socialism … Continue reading
Creeping American Socialism
The previous post discussed the influence of pluralism in economic policy. As an historical summary of the cognitive dissonance, it suffices to observe the policy circus: the free-market capitalism in the early twentieth century was blamed for the Great Depression; … Continue reading
Posted in Economics, Finance, Regulation
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Capitalism and Economic Growth
The global financial crisis (GFC) has been blamed on the failure of capitalism, with the 2011 Occupy protests declaring, “capitalism isn’t working” (Hussey, 2014). What is capitalism which has failed? Economists appear reluctant to define explicitly key economic terms such … Continue reading
Posted in Economics, Methodology, Science
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