The Radford Free Press – Page 116 – All life is problem solving.

Economics, Politics / automation, inflation, innovation, Kuznets, plutocracy, unemployment /

Automation and History

September 29, 2015

History always has something doesn’t it? Here is John Aziz writing at Pieria: “So what does that mean today, as we get caught up in this great new tsunami of technological innovation and Schumpeterian creative destruction? It means that we shoudn’t really fear the process we are going through. Yes, technology destroys some jobs. But […]

Politics / austerity, Boehner, deficits, Republicans /

Boehner’s Demise

September 25, 2015

Losing John Boehner from his post as leader of the fractious Republican party in the House of Representatives marks another step in the slow attrition of the key figures who brought us this lingering economic malaise. It was he, after all, that so clearly damned growing Federal expenditure and the consequent bulge in the budget deficit brought […]

Economics, Politics / capitalism, democracy, plutocracy /

Quote: Capitalism

September 22, 2015

While preparing for a speech here I came across this: “The shrinking of the middle class is not a failure of capitalism. It’s a failure of government. Capitalism is doing exactly what it was designed to do: concentrating wealth in the ownership class … That’s the natural drift of the relationship between capital and labor, and it […]

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