by Think In The Morning | Nov 15, 2025 | More |
Bertrand Russell wrote his essay on the benefits of doing nothing in 1932 during the Great Depression which destroyed the jobs and lives of millions. You can read the essay at this LINK or scroll down to the bottom of this post and listen to it.Russell argues that...
by Think In The Morning | Nov 9, 2025 | More |
If capitalism undermines democracy (Lindblom, see Politics and Markets 1) and democracy undermines capitalism (Schumpeter, see Politics and Markets 2) then how can we make them compatible?That is the question we face today: authoritarian capitalism, democratic...
by Think In The Morning | Nov 9, 2025 | More |
[Click on BLUE links to access any blog from the list]Napkin Art Gallery LINKBlog Posts in Alphabetical Order 4 Reviews For Behind The Locked Door86’dA Bit of An ItchA Dog in the FightA Doodle A DayA Few Comments About the Old Sea Gull Cellar BarA Few Things I Learned...
by Think In The Morning | Nov 8, 2025 | More |
In Politics and Markets 1, using Charles Lindblom’s model, I discussed how capitalism can undermine democracy. Let’s turn this around and look at how democracy can undermine capitalism.The influential economist Joseph Schumpeter finished his career at Harvard...
by Think In The Morning | Nov 5, 2025 | More |
In 1977 Charles Lindblom published Politics and Markets. In the book he explored what he called “the privileged position of business” in capitalist democracies. Governments depend on private business to invest, create jobs, and maintain economic stability....
