There is no general framework of morality or justice that supports laissez-faire capitalism. This is a problem of course for those who wish to argue on behalf of it. When you talk to such people, a familiar argumentative pattern emerges that I have come to call Capitalism Whack-A-Mole. Someone playing Capitalism Whack-A-Mole moves seamlessly between… Continue reading Capitalism Whack-A-Mole
Author: Matt Bruenig
Does working reduce poverty?
Scenario 1: Work + No Pay Suppose I do work, but do not receive any compensation for the work. This can happen because an employer did not pay me what I was supposed to get paid. It can also happen because I do work that does not get paid, including things like caring for others… Continue reading Does working reduce poverty?
Structural poverty, obviously the case
Here is my piece on structural poverty. Here is Noah Smith’s piece on structural poverty. His piece is not narrative, so my reaction won’t be narrative either. Structural Poverty To rehash the basic idea: structural poverty refers to poverty that is derivative of the way that we have structured our economy. In particular, when I… Continue reading Structural poverty, obviously the case
Just War Theory is window dressing
Although I don’t do foreign news events, I actually am very well-acquainted with the ins and outs of so-called Just War Theory, having intensely studied it many years ago. To call it a “theory” is to give it too much credit of course. It is nothing more than a list of discrete rules and principles… Continue reading Just War Theory is window dressing
Reihan LOL
Reihan Salam wrote a piece against using non-market incomes to reduce poverty. A critical part of the piece claims that this doesn’t reduce poverty under the official poverty metric because that metric only tracks earnings: The official poverty measure is very useful because it tells us how much people are earning. Anyone remotely competent knows… Continue reading Reihan LOL