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

Introduction I participated in a group called No One Is Illegal here in Toronto last year. 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 … Continue reading Review of Thier’s Book “A People’s Guide to Capitalism,” Part Five →

The Rate of Exploitation of General Motors Workers

I thought it would be politically relevant to try to estimate the rate of exploitation of General Motors (GM) workers for 2019 (since annual reports starting in 2020 would distort the picture because of the pandemic). I say politically relevant because of the closure of the GM Oshawa plant on December 18, 2019 and the … Continue reading The Rate of Exploitation of General Motors Workers →

Economics for Social Democrats–but not for the Working Class, Part Four: Is There Such a Thing as a Responsible Employer in Relation to the Health of Workers?

The Toronto Star published an article in the Opinion section by the social-democratic reformer here in Toronto, Jim Stanford, on January 8, 2022, which directly relates to a previous post (Economics for Social Democrats–but not for the Working Class, Part Three: The Health and Safety of Workers and an Economy Dominated by a Class of … Continue reading Economics for Social Democrats–but not for the Working Class, Part Four: Is There Such a Thing as a Responsible Employer in Relation to the Health of Workers? →

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 Three: The Health and Safety of Workers and an Economy Dominated by a Class of Employers Are at Loggerheads

Introduction I was going to continue my next post in this series with a continuation of my critique of Mr. Stanford's definition of money as "purchasing power," but I came across a more directly political issue that should be addressed. I have already had occasion to take a critical look at both Jim Stanford's views … Continue reading Economics for Social Democrats–but not for the Working Class, Part Three: The Health and Safety of Workers and an Economy Dominated by a Class of Employers Are at Loggerheads →

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 →