Tag: socialism
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Socialism for the rich
The ultra-rich own hundreds of trillions of dollars worldwide. Their wealth is unimaginable, yet they remain unsatisfied. Billionaires are content with the system, but they should not be. Even the top one percent, excluding the ultra-rich, should not be content either. The system does not serve them. Instead, it traps them in endless competition, insecurity,…
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Is this type of capitalism only possible? It must be
Establishment, media, scholars, actors, politicians, and influential people will unison tell you – that this type of capitalism is the only possible. Please make no mistake – I am not saying to replace this with communism, socialism, or even mixed economy. What I try to insinuate is that this type of capitalism we live in…
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A surplus value tax. Why we need to reintroduce the term “surplus value” into modern economics
The human brain is more complex than the economy of the USA. If Joe gets fired from his job, it has some effect on inflation, unemployment, GDP, consumer price index, retail sale, producer price index, the balance of trade, labor force participation rate, interest rate, foreign exchange rates, business confidence, money supply, stock market indices,…
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Don’t like capitalism? Move to North Korea
An alleged Bill Gates’ quote: “Capitalism has worked very well. Anyone who wants to move to North Korea is welcome.” In the post-communist Czech Republic, this point is quite often made by furious anti-communists. “Do you like communism? Then move to North Korea or Cuba!” Such a statement is, however, horribly flawed. Of course, nobody…