The original purpose of Monopoly was for players to experience a ‘practical demonstration of the present system of land grabbing with all its usual outcomes and consequences’ and hence to understand how different approaches to property ownership can lead to vastly different social outcomes.
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Economist Yanis Varoufakis, the former Minister of Finance of Greece, says corporations are cannibalizing politics. Hear his dream for a world "that is simultaneously libertarian, Marxist and Keynesian."
Fifty-one percent of Americans between the ages of 18 and 29 no longer support the system of capitalism.
There is no evidence that automation leads to joblessness or inequality
Piketty's radical and largely on-target critique of contemporary capitalism, the reviewer says, was mostly greeted with hostility by the economics establishment, when not simply ignored, stonewalling Capital in the Twenty-First Century, so it would not have the impact on economics research agendas that it merits, particularly in explaining inequality — in effect a dead zone in mainstream economic analysis. The reviewer thinks much can be gleaned from Piketty's work.
Historians Eric Foner and Matt Karp on the international ambitions of the US slaveholding class — and the abolitionist movement that brought them down.
The plan by the oversight board for Puerto Rico will depress the economy further and fuel a debt spiral, in which Puerto Ricans, US taxpayers, and in the long run, even the creditors will lose
As long as immigrants continue to innovate and invent, they can continue to boost economic growth.
Michael Yates has produced a primer on inequality for our times. Steve Early takes a look.
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