The hottest Economic System Substack posts right now

American capitalism underwent a significant transformation post-World War II leading to economic challenges and inequality.
Countervailing power was instrumental in balancing economic and political control in America after World War II.
The rise of populism calls for establishing a new countervailing power based on progressive ideals to combat the influence of big money in politics and achieve economic and political control for the majority.

The top 1% own a significant portion of global wealth, while billions of workers have seen a decline in their financial well-being.
The wealth of the five richest billionaires doubled since 2020, while a large percentage of humanity experienced a decrease in wealth according to Oxfam.
Inequality is stark between the Global North and South, with the economic system perpetuating disparities, reminiscent of a new form of colonialism.

Pre-revolutionary American society was governed by a semi-aristocratic elite with hierarchical values.
Post-revolutionary America, especially in the North, was remarkably free due to limited government involvement.
The American founders debated the role of government in controlling the economy, with Hamilton advocating for top-down management and Jefferson pushing for a more limited government.

Vladislav Surkov is known as the Grey Cardinal of the Kremlin.
Surkov has a mixed heritage and his early career involved working for Khodorkovsky.
The introduction of market elements in the Soviet economy through measures like the Law on Cooperation led to hyperinflation and the rise of the oligarchs.

Since 2020, the wealthiest 1% of the world's population took nearly two-thirds of new wealth, significantly more than the rest of the population.
Global poverty is worsening while the very richest individuals continue to amass huge amounts of wealth, creating an alarming level of inequality.
Oxfam's report highlights the need for governments to increase taxes on the rich, invest in social services, and address the economic systems that benefit the wealthy.

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The future of wage labor is uncertain and may not be as respectable as it once was.
The middle class as we know it might disappear, with economic dysfunction pushing people to the margins.
Capitalism is facing challenges, and the old system may not be sustainable in the long run.

Cruel optimism is a concept of being held back by our desires and fantasies.
Affect theory focuses on our subjective experiences and how they impact our optimism.
There's a potential to swap cruel optimism for authentic optimism by addressing underlying issues.