Empathise with the banker, trader or fund manager looking after other people’s money, whose performance on their behalf is continually assessed and reported as the basis for a position on a league table. Two options are on offer.
1. Invest in a start-up widget manufacturer creating new employment but only offering a return of 10-15% pa and [...]

Neo-classical microeconomic theory, especially in its more recent fundamentalist manifestations, has done immense damage to the real economy while nurturing the parasitic financial sector, as recounted from time to time elsewhere on this site.
Various alternative approaches have identified and addressed problems created by that theory. Welfare economics, the economics of social balance, and what [...]

The corporate monster is destroying the world, tearing up its soil to gobble up its precious resources, fouling its air, polluting its water and damaging its climate, while rewarding the few with untold riches, but leaving the masses in poverty. That’s how things work, unless they are prevented. Free-market ideology is having a hard time [...]

Since the financial crash, and all the stuff about speculative financial markets, hedge funds, greedy bankers and their obscene bonuses for doing precious little of real worth, and then all the stuff about global warming, and BP’s poisoning the Gulf of Mexico … with all that going on it’s difficult to stand back and take [...]