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corporatism

Economics/Politics

The Destruction Of Capitalism Is Well Underway. When Are We Going To Do Something About It?

Christiana Figueres, who heads up the U.N.’s Framework Convention on Climate Change, has said: “This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history. “This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for the, at least, 150 years, since the industrial revolution.” Hold that thought. Meanwhile, the big political story in Britain in the last week has been a new Cash for Access scandal which lead to the defenestration of two senior Parliamentarians: Labour’s Jack Straw and the Conservative’s Malcolm Rifkind. Both are former Foreign Secretaries. Both were caught by Channel 4’s Dispatches program offering to use their positions as politicians to benefit a fictitious Chinese firm in exchange for at least £5,000 a day. And both will now be stepping down at the… Keep Reading

Economics

I’m a Conservative, And I Care About Income Inequality

“The rich get richer, and the poor get poorer.”   As a young man growing up in a conservative home in the ‘90s, I must have heard this cliché thrown around by liberals a thousand times.  I really never gave it much thought. Even though my family often toed the poverty line, we worked hard to be self-sufficient and never accept government aid.  To me, income inequality was just a talking point used to attack hard-working business people, and a way to prime voters for the goodies the Democrats planned to buy votes with next election cycle: free health care, free education, food stamps, welfare, etc.  Trickle-down economics made sense to me, and I could see how government policies that benefited business would also help the working-class folks who relied on those businesses for jobs, products, and services. But now, four administrations later, I’m starting to see wage and income gaps in a very different way.  A new report is showing that income inequality is accelerating in the US, and that the… Keep Reading

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