Are recessions better for the left or right, asks Phil Gasper? The most fundamental argument in favor of socialism is that capitalism is an irrational system that over the long term cannot meet the basic needs of the majority of the population because of its tendency...
Both major wings of contemporary mainstream economists—’Retro Classicalists’ and ‘Hybrid Keynesians’—fail in fundamental ways to understand the qualitative characteristics of the economic crisis that continues to impact the U.S. and global...
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