Plato on the Evils of a “Government Resting on a Valuation of Property”

Hi. Here is a very interesting and timely exchange between Socrates and Glaucon in Plato's The Republic, ~360 BCE, Book 8:   GLAUCON: And what manner of government do you term oligarchy? SOCRATES: A government resting on a valuation of property, in which the rich have power and the poor man is deprived of it. GLAUCON: …

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The Economic Theory Based Entirely on Sentimental Hope – Smith vs. Ricardo

Is it strange that classical English economists Adam Smith and David Ricardo based a lot of their economic theory on sentimental hope? That the capitalists of their time would make economic decisions based on their sense of patriotism? Adam Smith considered the possibility that the merchants and manufacturers in England might decide to do their …

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Leisure vs. “Total Work”

It's time we take leisure seriously. Today, in our culture of productivity-fetishism, we have succumbed to the tyrannical notion of “work/life balance” and have come to see the very idea of “leisure” not as essential to the human spirit but as self-indulgent luxury reserved for the privileged or deplorable idleness reserved for the lazy The Greeks …

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The True Purpose of the US Senate

Hi, Have you ever wondered why the U.S. Senate (and Congress) in general is so out of touch with the people? Why does it feel like they serve other interests other than the will of the people? Answer: The Senate was never intended to serve the people. It was intended to serve the rich. James …

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A Timeline of Violence During the Civil Rights Movement

Let's talk violence. America, and to be fair the world in general, has a very violent history. Civil rights, woman's rights, gay rights, labor rights, political rights, etc. have all face extreme and ugly forms of violence. I wanted to make a timeline of some of the most appalling and violent acts that Americans inflicted …

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How America Disapproved of MLK

The overwhelming approval with which Martin Luther King, Jr is remembered today stands in ironic contrast to the way he was perceived by white Americans while he was alive. We may love Dr. King today, but that is a fairly recent phenomenon. We have Gallup poll data from May 1963 which show that 46% of Americans held …

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The Minsky Moment and the Inherent Flaws of a Free Market Economy

Hyman Minsky was an American economist and a professor of economics at Washington University in St. Louis. Minsky spent his life on the margins of economics but his ideas gained currency with the 2007-08 financial crisis. To many, it seemed to offer one of the most plausible accounts of why it had happened. Minsky wrote …

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