Book Review: Principles of Political Economy by J. S. Mill
“The principle of private property has never yet had a fair trial in any country” John Stuart Mill writes in his Principles of Political Economy. The version I read, edited by Johnathan Riley What then...
View ArticleIt’s alright, Ma, if I can’t please him
I’ve been spending some time over at the IOPS website recently and a comment Michael Albert posted on one of their blogs got me thinking: “Society has a kind of Catch 22. It delivers confidence to...
View ArticleFrom Participatory Society to One World Consciouness
The participatory society (parsoc) vision is outlined here. For those wondering what I mean by one world consciousness and why we need it, I’ll let astronomer Carl Sagan explain: “As the ancient myth...
View ArticleSaving the Soul of Man: Individualism, Old and New
I recently read Oscar Wilde’s fine 1891 essay The Soul of Man Under Socialism and would heartily recommend it (especially to my brothers and sisters in the United States!) as an excellent way to allay...
View ArticleOn the giving and receiving of gifts
By what principles can you organise social relations? In particular, how shall we remunerate people for their personal roles within our society? The book Parecon: Life After Capitalism favours...
View ArticleEquality of Opportunity is Not Enough
When exactly did equality become a dirty word? Or at least, become so laden with suspicions of its harbouring some lurking despotism? It seems for a long time that greater material equality was...
View ArticleThe Two Marxes
“As far as logic goes, there are ‘two Marxes’, the Marx of the ‘labour value’ approach, and the Marx of the ‘capital theory’ approach.” –- Arun Bose After some recent exchanges over at IOPS, I decided...
View ArticleGet Rid of Tyranny
I was stood outside Starbucks last week as part of nationwide actions by UK Uncut to protest their avoidance of three years worth of UK corporation tax. According to a recent Reuters special report:...
View ArticleThe Real Adam Smith
“The real Adam Smith – you know, the one who wrote Wealth of Nations. Not the one you worship before, but the one who wrote it.” — Noam Chomsky (in response to a question) Adam Smith is regarded by...
View ArticleMoney and Ecology
“Debts are subject to the laws of mathematics rather than physics. Unlike wealth, which is subject to the laws of thermodynamics, debts do not rot with old age and are not consumed in the process of...
View ArticleThe ethics of IOPS
What is IOPS? Click to watch a short introductory video. “The most fatal error that ever happened in the world was the separation of political and ethical science” Percy Bysshe Shelley I’ve been...
View ArticleOur Magic Money Tree: Fixing the Financial Crisis
“There is no magic money tree.” — David Cameron, UK Prime Minister Regular readers of this blog will be well aware that David Cameron is quite wrong here. In fact, creating money is as easy as the...
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