There are two economic theories that have been thoroughly discredited, but are still ubiquitous in mainstream media: austerity enables economic growth and giving the rich still more money results in a trickle-down effect creating a […]
The Tories have a problem. The political winds dictate that they retreat from fiscal austerity. But how can they do so without admitting that austerity was an error in the first place? On the Today […]
A few days ago we linked to an article by Simon Wren-Lewis concerning failing journalism. Chris Dillow picks up the argument and carries it further: Society is losing its belief in an elite that it […]
“Capitalism hasn’t come into doubt because people woke up stupid one morning. It’s in question because it has stopped delivering the goods.” Read here
What Chris Dillow writes here is true of many state media trying to be “objective”. Impartiality however is subjective, and when the subjects mostly come from the middle class and go through the state media […]
Everyone has become accustomed to capitalism as the only game in town. Much progressive thought goes towards making it fairer and more socially responsible. Chris Dillow asks if maybe its time is past and we […]
“Bourgeois virtues pay off in a bourgeois society – where there is a large middle class. But they don’t pay off in a 1% takes all society where wealth is accumulated in shadier ways.” Read […]
This is Chris Dillow at his Marxist best. He has resumed the discussion concerning some crucial issues of leftist policies in the US and Europe and many leftists’ inability to connect or empathise with the […]
Chris Dillow explains that Marxism is increasingly relevant in today’s politics because the middle class has become part of the working class. It has its drudge work, maybe some money to invest in a house […]
Capitalism contains many dysfuntional incentives – ones that constrain innovation and encourage rent-seeking. Read here
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