Workers everywhere feel very bad about their job security By Studs Terkel (as if today) I was talking to a fella the other day, let’s call him Joe. Joe’s a machinist, or he was, until the shop “realigned” its priorities. He’s got calloused hands and a Bible on his nightstand that’s seen better days. Joe Read More …
Tag: economics
Economics is a non-linear Human System
Economic systems aren’t like physical ones; they don’t naturally reach a stable equilibrium. The boom-and-bust cycle and rising wealth disparity aren’t bugs. They are the undocumented features of a capitalist system, proving it’s not a self-stabilizing system. Economics Isn’t a Linear System Most of us learned about supply and demand in school. Price goes up, Read More …