Tag: surplus value
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200 years of a bank, 200 years of human misery
Two centuries of existence is a milestone for any institution. An unnamed bank celebrates it with pride, banners, and self-congratulation. Yet what exactly is being celebrated? Behind the polished speeches and champagne lies a darker truth. For 200 years, ordinary people suffered while this bank thrived. That contrast is grotesque. Life 200 years ago Two…
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Capitalism is the racket of the ruling class
Al Capone once said that capitalism is the legitimate racket of the ruling class. He was not joking. He was describing the system exactly as it works. Capitalism does not run on free and fair competition. It runs on organized extraction. The ruling elite takes wealth from the rest of society and calls the process…
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Economics and psychometrics? What is a pseudoscience?
Economics and psychometrics share some of the same features. They are undoubtedly humanities. We cannot go without relationships between inflation, unemployment, interest rates, and so on. However, economics is undoubtedly a pseudoscience. It basically cannot predict crisis, human behavior, heavily depends on mathematical formalism without real-world application, and so on. Psychometrics offers huge numbers of…
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How the billionaires hate capitalism
OK, you are super-bright, have tons of talent and you are an overachiever. It is all good. Make billions, buy a set of luxurious cars. Some social equality among the common people should take place. But the thing is that even dollar billionaires cannot be content with this form of capitalism we are living in.…