Northern Dragon

… life in the twilight years of modern-day democracy …

Tag Archive for ‘monopoly’

A Tale of Two Cookies – Economics 101

Today, I am following up with a new post in a series, which is delving into the foundations of modern-day capitalism. We have already seen how the accumulation of wealth is built into the very structure of the system, and how the incessant call for privatisation – far from being a way of making the public service sector more efficient – is generally merely an excuse for further concentration of wealth and power. Now, let us dig one level further down again. Into the world of the science behind it all…

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The Baying of the Pack

There is a common superstition doing the rounds in our modern, Western democracies today. It is kept alive by hearsay, by greed, and – sadly – by the “wise words” of economists and politicians who have never actually been out in the real world and worked for a living. And it is repeated, again and again, as a sacred litany against all ills in our economy: “Privatisation is good!” Which […]

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