Financial

Privatizing Social Security to Inflate Stock Market Prices

November 12, 2002
By

Contents Introduction Why it was regressive to fund Social Security as an autonomous system Financial engineering vs. industrial profits and employment Social Security, forced saving and Labor Capitalism What if the stock market does boom? Will that save Social Security? Introduction This would not seem to be an auspicious time to mount a campaign...

Read more »

The Economics of Reality: How Finance Dominates Production and Rents Overshadow Profits

March 24, 2001
By

The Economics of the Future Wagner’s Music of the Future – his “total art work” – sought to integrate music and drama (along with art, dance and poetry). In a similarly broad way, the economics of the future will integrate finance and production, thereby restoring the lost link (as drama had been lost to...

Read more »

Financial Capitalism v. Industrial Capitalism

September 3, 1998
By

Contribution to The Other Canon Conference on Production Capitalism vs. Financial Capitalism Oslo, September 3-4, 1998. Our economy is evolving into something different from what most people imagine it to be. The emerging system bears little relation to what academic textbooks describe, to say nothing of what politicians are promising. Today’s problems also are...

Read more »