Sociology
Adam Smith supported free markets but argued for government-funded education, progressive taxes, and regulation to protect the public from business conspiracies, a balanced vision often omitted.
society
This blog points out how wealth equals power by dividing society into three wealth-based classes. It also highlights how a small group controls work, rules, and opportunities.
Sociology
Actual economic profit, which exceeds a normal return, stems from having some monopoly advantage. This could be a prime location, government protection, exclusive rights, or a strong brand. When profits persist, it usually indicates limited competition.
capitalism
Abstract Under capitalism, scarcity equals profit. Powerful companies use government to manufacture shortages, blocking competition to keep prices high and wages low. Why are medicines that people need to survive so expensive? Why don't more companies start selling them for less? And why is food so costly? A
capitalism
How interest rates shape unemployment, worker power, and job security, and why Fed policy decisions affect families far beyond the banking system.
Life
Our capitalist economy rewards five narcissistic traits that help people make money and gain status. But these same traits destroy intimate relationships and leave partners feeling alone.