Category: Finance and Economy

In the modern world, we have exchanged the act of creation for the mechanics of production. This transition has reshaped not only our material environment but also the very core of our inner lives. To create is to give of oneself, to engage in a process that bears the imprint…

As artificial intelligence increasingly dominates the knowledge-based economy—handling information processing, decision-making, and even creativity at unprecedented levels—humanity must redefine its economic role to adapt to this new world. This shift necessitates a post-knowledge economy, where value is no longer primarily derived from knowledge work but from human-centric activities that AI…

For most of human history, the powerful have found new ways to stay powerful. Feudalism, as a system, never really ended—it just changed costumes. The medieval model of landowners controlling serfs gave way to industrial magnates overseeing factory workers. Now, we find ourselves in a new iteration: a digital aristocracy,…

For most of modern history, people worked to survive. If they were lucky, they worked to get ahead. In recent decades, the promise of capitalism—at least in its idealized form—was that hard work led to stability, security, and, if things went really well, a decent life. That promise is breaking….

If you want to understand how the modern economy works, forget supply and demand. Forget competition, efficiency, or the invisible hand. The real engine of capitalism—the thing that keeps profits high and the wealthy wealthier—is something far simpler: withholding. Manufactured scarcity is the defining strategy of corporate power. It is…

We are a species with a peculiar gift for dreaming. For centuries, we have imagined utopias, built castles in the air, and scribbled blueprints for worlds where fairness reigns supreme. Yet, the world has a way of humbling dreamers. The stark machinery of greed and power grinds down idealism into…

Few economists have wielded prose as deftly as John Kenneth Galbraith, whose writing—sharp, erudite, and tinged with dry wit—made macroeconomics palatable for the lay reader. In The New Industrial State (1967), Galbraith turns his attention to the machinery of modern capitalism, arguing that America’s economy is not, as classical economists…

The concept of time banking should, in theory, be a lifeline for the economically disadvantaged. It provides a way for people to exchange skills and services without the constraints of money, effectively creating a parallel system where effort is the only currency. And yet, the very people who would benefit…

Yanis Varoufakis, the former Greek finance minister and prolific economist, has been vocal about the emergence of a new ruling class he terms “Cloudalists,” who preside over what he describes as a techno-feudal order. In his lecture titled “Cloudalists: The New Ruling Class & how can we confront its techno-feudal…