The 2008 Financial Crisis!

The financial crisis of 2008 was the logical conclusion of free market development of the financial sector–itself the logical result of the incentives of capitalist competition. In that sense, the economic downturn demonstrates the inherent instability of capitalism itself. The story of the collapse starts and ends in the real estate market. Until a few […]

In with the Rich, Out with the Poor

It sounds so innocuous, so beneficial: “revitalization.” Who wouldn’t want their neighborhood to have better stores and public facilities, less crime, high property values? Renters, that’s who–and low-income homeowners who can’t afford high property taxes, and anyone the police will target when they step up patrols to protect the new arrivals. As wealthy people buy […]

Why Communism?

When Jesus says, “Happy are the poor” and “Woe to you the rich,” he is not talking about riches in the absolute sense. That is, he is not condemning the physical fact of having great material resources. There is not that kind of asceticism in Jesus that almost instinctively hates well-being and abundance, the kind […]