While recognizing the danger of increasing inequality in Western societies, I have not been a fan of a wealth tax, one of the more commonly offered solutions. I have been inclined to accept the usual criticism that it’s simply too hard to implement. I have now had my mind changed.
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Calling the bluff on "we must compete in the global marketplace"
The soul-numbing mantra “we must compete in the global marketplace” is much heard these days. Conservative politicians and business groups toss it out tirelessly as an argument to reduce taxes, and weaken labour and environmental laws. Unfortunately, their argument is valid. Trade agreements have so reduced the ability of national
Continue readingStudents instruct teachers to bring economics into the real world
Following the Second World War, Western nations embarked on securing the welfare state as a balance to the capitalist market economy, the result of which was the most prosperous and equitable societies ever known. The most influential economist through this period was Britain’s John Maynard Keynes with his prescription of
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