The real culprit here is the diminution of US productive capacity and supply chain disruption caused by four decades of neoliberal policies – disinvestment, deregulation, outsourcing - which have prevented supply-side measures to bring prices down.
While industrial capitalism got rid of the landlord class, capitalism still had economic rent, but instead of being paid to the landlord class, it is now paid to the banks in the form of interest.
It would be tragic if Ukraine defeated Russian neo-imperialism only to yoke itself to Western neoliberalism. While being a Western economic colony is certainly better than being absorbed into a new Russian empire, neither outcome is worthy of the suffering Ukrainians are now enduring.
Human capital theory cannot solve our economic woes. It’s time to tell the truth of how we got here and how we can move forward. Replacing human capital theory with a socialist theory of education and collective intelligence would be a good start.
The recent decline in rates of sexual activity has been attributed variously to sexism, neoliberalism, and women’s increased economic independence. How fair are those claims—and will we be saved by the advent of the sex robot?
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