Activity

[...] Egalitarian democracy, regarded under Keynesianism as economically productive, is considered a drag on efficiency under contemporary Hayekianism, where growth is to derive from insulation of markets – and of the cumulative advantage they entail – against redistributive political distortions.

Summing up, social life and capital accumulation in the post-capitalist interregnum depend on individuals-as-consumers adhering to a culture of competitive hedonism, one that makes a virtue out of the necessity of having to struggle with adversity and uncertainty on one’s own. For capital accumul…

Marx was aware that one reason why British workers were able to get the Factory Act passed was that employers themselves were concerned about the ongoing destruction of labour in the ‘satanic mills’ of their factories. Exposed to competition, however, and only weakly organized, they could not act o…

[...] Whereas the rights of the state people are grounded in national political status, or citizenship, the market people of international finance derive their claim on public policy from commercial contracts, which in an encompassing global market, where lenders have alternatives, tend to take pre…