If supply and demand equilibrium were an economic “law,” the 1929 and 2008 financial crises would not have occurred. Rather than ready-made theories, economics needs the practical background provided by systems thinking.
Domestic Politics in the Era of Superpower and Empire
By its military and economic weight on the international stage, the U.S. rightly fits the definition of an empire. To stand, it needs to deny ordinary Americans a genuine democracy.
Capitalism: A Creation Story
Capitalism is the first expansionist economic system in history. Contrary to its own myth, it did not emerge naturally and is far from being the expression of human freedom.
Beginnings of the Imaginary of a Permanent Global War
Since World War II, the U.S. made itself the legitimate guardian of freedom in the world. To Sheldon Wolin, this is the clear mark of a drift from an open “constitutional imaginary” to a dictatorial “power imaginary.”
Intellectual Elites against Democracy
James Madison’s reference to the “confusion and intemperance” of the multitude used to be the rationale of a government by the elite. What is the intellectual legacy of elitism in the United States today?
Democracy’s Perversion
The United States is used to equating being “the greatest power in the world” and a democracy. But which is it? How and why a constitutionally limited government would turn into a superpower?