Financial engineering has paid much better dividends for corporations than actual engineering. For the health especially of the U.S. economy, this needs to be reversed.
Facebook, Google & Co. are the new quasi-royal sovereigns. Their algorithmic de-facto laws do not require the approval of any of our parliaments.
All of us must resist the impulse to go blame-gaming and making every international relationship a zero-sum game.
Applying Marx’s theories to today’s Communist China.
Adam Smith was no blind worshipper of the market economy. He pointed to many of the deformations of human behavior that we still deplore today.
Why can’t the U.S. follow the example of other, truly democratic nations in limiting the influence that very rich people can have on elections?
As the wealth of two-thirds of the world’s billionaires is based on inheritance, monopoly and cronyism, Trump will be among friends in Davos.
Those at the top of Wall Street finance know that what they do may be wrong – but not necessarily illegal. And so they carry on, under the “watchful” eye of US authorities.
Living under the modern conditions of “liquidity,” humans know that everything can happen—yet nothing can be done with confidence and certainty.