Bait and Switch

My complaint isn’t with the market. Try running a complex society without trade or money. My complaint is how so many never practice what they preach. It’s a matter of bait and switch. That means promising something good but delivering something else. Economists are masters of bait and switch. The bait of utopian capitalism is… Continue reading Bait and Switch

Stop the Machine

There’s no such thing as free markets. Never has been. Never will be. The Invisible Hand is a figment of economists’ imagination. Sure there’s a hand — on the levers of power — but it’s only invisible because the private sector doesn’t allow for transparency. There’s no such thing as non-socialism. There’s no country that’s… Continue reading Stop the Machine

A Vertically-Radical Manifesto

The economy works relentlessly to ensure that nobody pursues a meaningful life. The central mission of a capitalist market economy is to persuade each and every one of us to suck in as much material pleasure (called “utility”) as we possibly can — and to serve others in the process as little as we possibly… Continue reading A Vertically-Radical Manifesto

The Wendigo Economy

Indigenous mythology is usually dismissed as pagan, even though the wiser among us know that our own deepest wisdom is steeped in mythological roots. It’s just considered legitimate to discount indigenous narratives as naive, and glorify even our own dumbest mythologies as profound. But it’s even dumber when a culture fails to develop a crucial… Continue reading The Wendigo Economy

Economics vs Justice

Economists reduce human relationships to mathematics — most egregiously so when it comes to justice. Now they do have a point. There’s something called commutative justice. I pay you $10, and in return you give me something worth $10. Equal exchange. Mathematical justice. Important. Nobody wants to be cheated. But not everyone distinguishes that from… Continue reading Economics vs Justice

Wealth Kills the Soul

Wealth kills the soul. Our grandparents knew that. But we’ve lost that insight nowadays. Our rigidly individualistic modern culture — unequipped to probe anything deeper than personal fortune — fails to perceive the moral hazards of wealth. Evidence of that moral hazard is abundant in psychological research, limited as they are to the behavioural trends… Continue reading Wealth Kills the Soul

Frugal Living is Counter-Cultural

What if we all decided to follow the advice of just about every spiritual tradition, as well as some secular humanist traditions? What if we all agreed to live frugally, acquiring only what we need to live a life of meaning and service to humanity? All hell would break loose. Capitalism would implode. A capitalist… Continue reading Frugal Living is Counter-Cultural