In Praise of Inefficiency: Should We Serve the Economy or Should It Serve Us?
Inefficiency, it turns out, has considerable upsides. Only the morbidly rich lose out when nations return to slightly inefficient but fully competitive marketplaces.
India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
Inefficiency, it turns out, has considerable upsides. Only the morbidly rich lose out when nations return to slightly inefficient but fully competitive marketplaces.
In America today if you poison and kill your wife to make $150,000 in life insurance money, you’ll probably end up in prison. But if you poison and kill hundreds of thousands of people so you can take home a multi-million-dollar paycheck, you get to buy a new yacht.
A mere five conglomerates dominate 90% of the media that Americans consume – freedom of the press in America today is as much an economic issue as a political one.
African-Americans have been looted of trillions by racist employers and giant corporations, while their safety, lives and peace of mind have been looted by racist police.
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