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Political Economy

“You think of it as this grim, bleak place.”

“… China, so often from a distance, you think of “1984.” You think of it as this grim, bleak place. And to me, living there, I always felt like the much better analogue was “Brave New World,” where it is just so easy to be entertained, to look away, where the dark very much coexists alongside the light.”

https://www.npr.org/2021/02/01/962714219/land-of-big-numbers-short-story-collection-from-te-ping-chen

Choose your dystopia:

1984 or Brave New World?

2021 or Brave New World Revisited?

It’s not just for China. It can happen here and already has. Back to the future.

Choose your future:

Capitalism: based on the notion that human animals innately act out of self-interest.

Socialism: based on the notion that human animals act out of the welfare of the herd.

Contending Economic Theories: Neoclassical, Keynesian,
and Marxian. By Richard D. Wolff and Stephen A. Resnick,
Cambridge, MA, The MIT Press, 2012, 416 pp., $35.00/
paper.

https://www.bls.gov/opub/mlr/2014/book-review/pdf/dueling-economics-a-tale-of-three-theories.pdf

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