The Powers That Be are perfectly fine with your transition to proletarian debt-serf. Yesterday we covered the usual suspects in the decline of the middle class as a financial-political bulwark against oligarchy [ … ]

The rising asymmetry of rewards within our economy has many drivers. We all know the middle class that actually owns capital and wields political influence is shrinking. As I noted last [ … ]

This post has to be kept brief. I want to reduce the opportunity for vigorous debate or even an unvigorous one. “Go west young man” was the glass half full, [ … ]

Adorable child wearing glasses in the first row turns to face the crowd, he has a big book in his hands, he opens it and reads “Same Shit Different Day. We know [ … ]

Debt is serfdom, capital in all its forms is freedom. If we accept that our financial system is nothing but a wealth-transfer mechanism from the productive elements of our economy [ … ]

A charming animated free-market poem by Russ Roberts, on the invisible hand, at http://wonderfulloaf.org The “read the poem” link includes much interesting annotation. Mild critique: I would rather the “planner” be [ … ]

This is criminally long. It will probably leave no  space on the internet for anything else. It was published in the magazine of Army Times in 1979. It describes a Parris Island that [ … ]

No wonder the “middle class” has lost political power–it has lost the economic power of the ownership of productive assets. Longtime correspondent Mark G. observed that the key phrase in [ … ]

For any system to endure, it must maintain a built-in capacity to self-correct: that is, it must generate accurate informational feedback about dangerous asymmetries and auto-correct with behavioral feedback. This is true of ecosystems and [ … ]

Unprofitable work is abundant. Profitable work is scarce. Businesses have pushed the unprofitable labor burdens and work to its consumer. ‘What’s next’ is a capitalist system collapsing in on itself. [ … ]