China has two advantages: 1) it leads in automation, accounting for 70% of all industrial robots installed, which boosts productivity and thus per capita incomes; 2) it has a huge potential market thanks to the Belt and Road Initiative, which involves Central Asia, West Asia, the Middle East and North Africa in its development process.…

Aristotle had already criticized it in his Nicomachean Ethics as Pleonexia, the constant urge to get more, with powerful words throughout history. Aristotle’s criticism of greed, pleonexia, the desire to have more than you ever need, is based on an understanding of the political which our society no longer shares… GREED AS A MOTOR OF…

The idea was that the rich would benefit first, but the poor would eventually benefit as well. This is the famous trickle-down theory, which was never better described than by Harvard professor John Kenneth Galbraith, who claimed that this was what was called the “horse and sparrow” theory in the 1890s: “If you feed the…

Mirror of Being, 30 min

Read what others overlook www.indybay.org Economy Marc Batko From: marc1seed@yahoo.com I’ve been frantically uploading articles to indybay.org through Nov, Dec, Jan, and Feb and now you can reap the harvest!! I heard Sen Ron Wyden on KBOO this morning  in his 100th town hall!!  T and the Muskrat, the Wrecking Ball, are blocking trillions and…

Everyone knows that the new US president’s approach has nothing to do with fairness, even though he likes to cite it to agitate against other countries that currently fare better than the United States in some area. “Strategically,” the blusterer from “God’s own country” relies primarily on the law of the jungle. The un-free market…

The financial industry magically creates money through “tricks” and becomes capital without the detour of “labor.” Profit is generated less and less by human labor. The delay tacticPandemic and war could have more to do with the feared collapse of the world financial system than previously thought. Six essays by Fabio Vighi, written between June…

Johann’s Substack Donald Trump Is No Longer the President of the United States We must accept what is happening Johann Neem Feb 12, 2025 I remember that day in 1985 when I accompanied my parents to a courthouse in San Francisco. As I recall, they stood before a judge and, with other new Americans all…

If capitalism is not to lead us to our doom, there is no alternative to thinking about alternative social models.Our economic system is not having problems, it is the problem. Capitalism endangers life on earth and threatens to destroy everything. Even if it does not come to the worst, the outlook is more than bleak.…