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Do We Really Need Billionaires?

In March 2018,?Forbes?reported that it had identified 2,208 billionaires from 72 countries and territories.??Collectively, this group was worth $9.1 trillion, an increase in wealth of 18 percent since the preceding year.??Americans led the way with a record 585 billionaires, followed by mainland China which, ... Read more

Tale Of Two Depressions

Mainstream economists continue to discuss the two great crises of capitalism during the past century just like the pillars of society performed in the brothel—a “house of infinite mirrors and theaters”—in Jean Genet’s?The Balcony.* The order they represent is indeed threatened by an uprising in the streets, and the only ... Read more