Ismael Hossein-Zadeh – The Age of Finance Capital—and the Irrelevance of Mainstream Economics

Despite the fact that the manufacturers of ideas have elevated economics to the (contradictory) levels of both a science and a religion, a market theodicy, mainstream economics does not explain much when it comes to an understanding of real world developments. Indeed, as a neatly stylized discipline, economics has evolved into a corrupt, obfuscating and useless—nay, harmful—field of study. Harmful, …

IMF Report Admits IMF’s Obsession with Capitalism Is Killing Prosperity – Jon Queally

In light of how the International Monetary Fund has spent most of its existence parading around the world telling governments to make their economies more friendly for multinational corporations by suppressing wages, restricting pensions, liberalizing industries, and more or less advocating they ignore the popular will of workers and the less fortunate—all in the name of market capitalism and endless …

It’s the Planet Stupid!: Capitalism and The Destruction of the Commons – John Atcheson

There is a war going on right now between those who are working to protect the commons and the hard-core capitalists, who are working to privatize our economy, culture, ecology, environment and government. The stakes are high. The outcome will determine whether we live in a dystopian chaos, or a civil society; whether we preserve our natural life support system, …

Economic Update – Honest Economics – 04.19.15

Updates on Bernanke’s new big-bucks finance job, GM avoids billions in victims’ claims for faulty ignitions, Seattle capitalist raises all workers to minimum $70k/yr, Americans’ self-delusion on inequality, private profit trumps public policy, and anti-student-debt activism. Responses to listeners: impact on China if capitalism’s relocation stopped. Major discussions of economics of wages and prices, narrowness of economics education, and basic global economic development issue.