Tag Archives: capitalism

Hopelessly wrong

‘Hopelessly wrong’ is a great phrase. So wrong that there is simply no hope whatsoever of ever being right; a wrong so profound that one might as well despair. The phrase features in the title and body of a recent … Continue reading

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It’s almost too easy

Sometimes I wish the Sydney Morning Herald letters page allowed comments, as they do on some articles and opinion pieces. Sure, you can submit a reply, but there’s no guarantee of being published, and the discussion can go no further … Continue reading

Posted in economics | Tagged , , , , , | 9 Comments

Good news

It’s that time of the semester, so I have been somewhat remiss in noting some good news stories recently. Here’s a quick rundown of some well-known, and not so well-known, examples of the world getting better.

Posted in economics | Tagged , , , , , | 6 Comments

Open thread on capitalism

By popular demand IRL, this thread is for arguments about capitalism. It can mean many things to many people, so to provide a starting point, here is my definition: capitalism – a socio-economic system based on private property rights, with … Continue reading

Posted in economics | Tagged , | 29 Comments

What’s that about simplistic neoclassical models again?

Almost any statistic coming out of China can boggle the mind. In such a huge place, undergoing such rapid change, the sheer numbers in any area of inquiry are almost incredible. Especially to someone from the tiny peripheral nation that … Continue reading

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Where the Australian Greens go wrong

I have voted Green more often than I have voted Labor (I’ve never voted for the party I’m a member of, but that’s because there hasn’t been a candidate in my electorate yet). I do so for a number of … Continue reading

Posted in economics, national | Tagged , , , , , , , , , , , | 50 Comments

Power to the people

I watched a fascinating program on TV last night, a special episode called ‘The Human Power Station’ of BBC program Bang Goes the Theory . They asked a family of four to participate in an experiment, without telling them what … Continue reading

Posted in economics, environment | Tagged , , , | 2 Comments

Competition. It works, bitches.*

I’ve long extolled the benefits of companies competing for consumers’ business. According to orthodox economics, it reduces prices, and therefore profits, and thus shifts the division of the economic surplus towards consumers. Competition is generally a Good Thing. Unless you’re … Continue reading

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Things I learned today

1. UNSW sends out spam every three weeks or so, spruiking some company or product under a thin guise of supposed relevance to students. 2. “Capitalism represses human sexuality” according to Kate Jeffreys writing in the Socialist Alternative #140. LOL … Continue reading

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The moderate libertarian case for proactive government action on climate change

In the general scheme of things, libertarians oppose government action to deal with problems. There are an array of good reasons for doing so – the problem may be overstated, or non-existent; it may be done better or cheaper privately; … Continue reading

Posted in environment | Tagged , , , , , , , , | 33 Comments