This is a fairly good commons focused comparison, side by side with the The Stilglitz Vanity Fair article, the principle of the commons seems more obvious. Tadit
The private sector depends on public subsidies to compete with the public sector
Readers, Vanity Fair every so often publishes great articles relative to economics and fiscal policies. This article is perhaps a measure too ironic for many people to notice, but it is a solid piece of real economics, a'la political economy. It also develops a very accessible description of economic "rents" which I will probably paraphrase for a new Re-Imagining trifold. "Rents" are all about how economies are structured, privatized and not. I am still doing related writing work with my awake time and then also dreamtime. Some interesting possibilities popping up locally.
Readers,this is a draft of the first part of the proposal I am working on. Please, offer constructive suggestions if you have any. thanks,
The draft below is as of July 12th 2012 Tadit
Introduction to the Community Reserve Exchange, Being the change...
version 4.5, post July 12th, 2012
I've been distracted in sorting out computer related glitches which are not quite finished. I work in as much of an open source manner as possible, guided in part at least by functionality in the democratic interest. Capitalism as it is structured by the current money manager permutation, is not a product of equilibrium models based upon a whole range of entitlements. Working as intensely as I can toward a Kickstarter Proposal for Re-Imagining Economics and for moving the CRX into an open source community exchange utility.
In the United States, the real meaning of May Day has been largely forgotten. To be sure, there is a “Labor Day,” a time for picnics and various festivities, but May 1 has been converted—not without reason and not without malice—into “Law Day.” In 1921, following the Bolshevik Revolution of 1917, May Day was renamed “Americanization Day.” In 1958, May Day became “Loyalty Day,” and later that year, President Eisenhower proclaimed May 1 “Law Day.”
How Swedes and Norwegians Broke the Power of the ‘1 Percent’ by George Lakey, Waging Non-violence, Jan. 26, 2012
Readers, I can think of no better way to celebrate May 1st as International Labor Day, than to re-publish this article. In effect the economic and fiscal reforms were markedly post Keynesian-like but actually prior to Keynes's General Theory of Employment, Interest, and Money in Feb. 1936, or Adolph Lowe, Abba Lerner, Hyman Minsky, or the rest of the authentic post-Keynesian lineage. Note Well that Milton Friedman and Paul Krugman et al are effectively bastard-Keynesians. for now, Tadit Anderson
Mankiw’s Ode to the Governmental Competition that Made Romney Wealthy by By William K. Black UMKC/NEP April 24, 2012
This is the second part of my discussion of N. Gregory Mankiw’s column asserting that governmental competition is desirable for the same reason that private competition is. Mankiw was Chairman of President Bush’s Council of Economic Advisors from 2003-2005. He was one of the principal architects of the perverse incentive structures that proved so criminogenic and drove the ongoing financial crisis.
An unusual number of good articles today. There must be a cycle underneath all of this, or the seasonal spring thaw in the northern climes, maybe. I will try to come back to this, though I am engaged in a more aggressive writing spree myself currently. fast forward, Tadit
Full title of the article/review: Simon Johnson and James Kwak’s "White House Burning: Progressives in the Grip of 'Hard Money' Ideology"
"Productivity, The Miracle of Compound Interest and Poverty" By Michael Hudson, UMKC, April 22, 2012
This is a re-working of my second talk at the Rimini MMT conference, as heard on Guns and Butter.
"The Fed Works for the Very Rich: Why Paul Krugman is Full of Shit" by ROB URIE Counterpunch April 23, 2012
Readers, this is a much needed takedown of the politics of Krugman's faux liberal economics. Krugman is really nothing more that a willing shill in the confidence games of the New York Times in favor the NYT's actual plutocratic riche. All window dressing and pretense. This article alongside of Steve Keen's points made in the recent "debate" with Krugman pretty much places Krugman for what he actually is a pretentious and well paid courtier to the neo-feudalists. Tadit Anderson