Donald Trump assumed the office of the president of the United States with a record low approval rating of less than 50%. While this can help further disillusion Trump’s supporters, in the long run, it might engender a disaster.
Today, 20 November 2017, Donald John Trump was sworn in as the 45th president of the United States. About six months ago, in the Brexit referendum, the British voted for the UK to leave the European Union. Only 52% of the Brits were in favour of the Brexit and Trump failed to win the popular vote (his victory came as the result of the electoral college system). Both victories surprised or at least, went against the opinion of many experts. That is why some consider the two events as mere anomalies. However, in this article, I suggest that we’d better view them as harbingers of a new era.
This article considers the Social Structure of Accumulation theory, a relatively young, yet analytically capable, school of economic thought.
In this article, I explore Marx’s concept of exploitation. First, I define exploitation based on the idea of surplus-value. To do this, I start with the commodity, its price, and its exchange value. I then move to the components of the cost of production, the idea of surplus-value, and finally, exploitation. I finish the essay by exploring two important misreadings of Marx’s view regarding determination by market and injustice.
This essay compares the ideas of Michal Kalecki and John Maynard Keynes, particularly their positions on full employment
Or how confused are we? “What do you fear the most?” This is always an interesting and deeply involving question, especially when it’s Halloween. Chapman University has conducted a survey … Continue reading What do we fear most?
To stop this vicious circle, the best we can do at the time being, as Wight correctly suggests, is to chill out. Otherwise, by our own hands, we ruin our remaining chances to chill out.