John Rapley: Economics as a moral tale

The massive fines levied against the investment funds have been interpreted as a “declaration of war” from Mayor Ada Colau, who wants more affordable housing. Read here

According to Marxist theory, the Tendency of the Rate of Profit to Fall (TRPF) leads to recurrent crises under capitalism. It’s a helpful device for framing the history of modern capitalism, from the profitability crisis of the 1970s […]

Do not be distracted by the title. This is an excellent article explaining  the current Second Gilded Age and the ‘Medici vicious circle’, where money is used to get political power and political power is […]