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    Economics / capitalism, democracy, economic theory, inequality, Milanovic, plutocracy /

    Milanovic Gets Feisty

    November 14, 2023

    How can you construct a theory of economic activity that excludes the power embedded in relationships between the various actors on the stage you are directing?  More to the point why would you?  To ignore power is to ignore reality. I think, perhaps we need to reverse those two questions.  You see, power matters even […]

    Economics / Andreesen, capitalism, democracy, economic theory, machinery question, plutocracy, technocracy, technology, total factor productivity /

    Andreesen At Bay

    October 26, 2023

    The machine makers are restless! There’s quite a debate going on about something called “techno-optimism” which roughly translates as anything technological is good and will, inevitably, make us all much better off.  That it makes fortunes for its owners is of secondary importance. The debate has emerged as a result of the publication of Marc […]

    Politics / constitution, democracy, democratic party, plutocracy, republican party /

    Connect The Disconnected

    October 4, 2023

    There has been a great deal of hair-tearing this morning in the media.  Why, some are asking, did the Democrats not save poor Kevin McCarthy yesterday?  Why did they not step in and do the “institutionally” correct thing and nail him out?  After all, institution this and institution that …  Nonsense.  McCarthy is a hardline […]

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