Review of Thier’s Book “A People’s Guide to Capitalism,” Part One

I recently participated in a group called No One Is Illegal here in Toronto. The group decided to provide a zoom reading meeting every week to discuss the book A People's Guide to Capitalism, by Hadas Thier, with many participants not belonging to the group but interested in understanding more about capitalism. We read the … Continue reading Review of Thier’s Book “A People’s Guide to Capitalism,” Part One →

Socialism, What It May Look Like: The Series

I have written a number of posts as series rather than just one long post. This is due to a number of reasons. To work out a view requires elaboration and time, and posting as a series permits such elaboration over a longer period of time. Also, I have many interests (which correspond in part … Continue reading Socialism, What It May Look Like: The Series →

Economics for Social Democrats–but not for the Working Class, Part Three: Critique of Jim Stanford’s Theory of Money, Part Three, or How Commodities and Money Dominate Our Lives

Introduction I have already criticized Mr. Stanford's definition of money as purchasing power in two previous posts (see Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One and Economics for Social Democrats–but not for the Working Class, Part Two: Critique of Jim … Continue reading Economics for Social Democrats–but not for the Working Class, Part Three: Critique of Jim Stanford’s Theory of Money, Part Three, or How Commodities and Money Dominate Our Lives →

Economics for Social Democrats–but not for the Working Class, Part Two: Critique of Jim Stanford’s Theory of Money, Part Two

Introduction In a previous post (Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One), I questioned Mr. Stanford's theory of money as purchasing power, as well as his implied reduction of Marx's critical dual or twofold theory of commodities to a … Continue reading Economics for Social Democrats–but not for the Working Class, Part Two: Critique of Jim Stanford’s Theory of Money, Part Two →

Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One

Introduction In an earlier post, I indicated that Jim Stanford's view concerning the creation of jobs reflects a social-democratic or social reformist position (see Economics for Social Democrats–but Not for the Working Class, Part One: Critique of Jim Stanford’s One-Sided View of Job Creation in a Capitalist Society). In this post and subsequent posts, I will … Continue reading Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One →

Socialism, Part Nine: Market Socialism as an Initially Necessary but Inadequate Social Model

In previous posts on the topic of socialism, I have argued implicitly that a market for consumer and capital goods may be necessary initially. This is so in order to eliminate the exploitation of workers by employers. The amount of work performed by a person would still be related to the amount of consumption goods … Continue reading Socialism, Part Nine: Market Socialism as an Initially Necessary but Inadequate Social Model →