On double exploitation
I am reminded of a quote by Austrian Chancellor Stocker: “We want to be a country where performance, hard work and commitment are valued and respected. We want to be…
The two forms of power
There are two forms or components of power, says Curtis Yarvin: Punishing those who do things you don’t want. Rewarding those who do the things you want. Very often the…
China as America’s heir
Michael Hudson, in an excellent analytical article on geopolitical economy, reminds us that the current Chinese economic model is actually a slightly modernised copy of what the US economy was…
The end of the West as we knew it
Is the West ending? Or is the West as we knew it ending? The public space is filled with that phrase, but it is a false phrase. The West as…
On real wages
To argue that wages are rising or falling (either in nominal or real terms) is simply a fraud unless you take into account household expenditure on housing, health, education and…
How much bureaucracy costs us
In life, some problems arouse a lot of emotion but are not really important, while other critical problems escape attention. Even in our personal lives this sometimes leads to the…