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Showing posts from January, 2024

Fashionable Austerity

Economic justice is so last season. The late Venezuelan president Hugo Chavez called the International Monetary Fund ("IMF") a tool of US imperialism. Tanzania's president John Magufuli, accused the World Bank of interfering in his country's affairs. That's a novel way to treat one's creditors. Applicants for home loans don't call their banks neo-colonial oppressors as a matter of course.

Profits over People

Capitalism as a response to Humanism. Representative democracy promised ... representation. Neo-Confucianism promised stability through progress. Both seem to have stalled. Gloom now surrounds these humanist ideologies from the East and the West. Capital markets are like, "number go up". What gives?