campos de aroz en Mu Cang Chai vietnam

A General Solution to Economic Problems

I refer to the unsolved ones, not to those that are pretty satisfactorily solved already.   I focus on our two acronyms SF1 and SF2, where SF can be read as Staggering Fact or as Structural Fact. In the terminology of John Maynard Keynes SF1 generates a chronic shortfall of the inducement to invest.  Once a society comes to depend on investment-for-the-sake-of-production-for-the-sake-of-sale-for- the- sake-of-profit to meet its needs, investment becomes its drug.   It can never get enough of it.   SF2 generates a chronic insufficiency of effective demand. read more

bourdieu

Pierre Bourdieu and the Crisis of Modernity

 By Howard Richards


Pierre Bourdieu is a problem.  He continues to be a problem even though since January 23, 2002, he is no longer alive.  He is a problem because he has great prestige and he gives some bad advice.  ATTAC, an organization he co-founded, continues to be a forum where his views carry great weight.  The publisher of the Chilean edition of Le Monde Diplomatique, a periodical to which he frequently contributed, has reprinted a collection of his writings on political and social issues that includes:  “The Essence of Neoliberalism,”  “For Committed Science,”  “Give Social Meaning to the European Union,” “The Architect of the Euro Confesses,”  “A New Planetary Vulgate,” and “Masculine Domination.”  I will be commenting mainly on these.

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activeafrica

Say’s Law

By Howard Richards


Before proposing some ways to respond to the challenge of making dignity for all compatible with the social functions of profit-making and capital accumulation, we will examine Say´s Law… read more