Brother, Can You Spare a Billion?
We tend to forget that capitalism is relatively new. In relation to the history of human civilization it's just a blip, only a couple of hundred years old, so it shouldn't be a surprise that the bugs haven't yet been worked out. Couple that with a stark reality: economists are still groping in the dark, and haven't yet got together with psychologists to achieve some rudimentary notion of how the economy and human behavior are inextricably linked. I propose a new discipline, psychonomy.
2 Comments:
Psychonomy! An excellent description for these troubled times. Gore Vidal said once that America has been a socialist country for many years. Socialism for the rich. In the next few years, if things continue on the present track, we may begin to see socialism for the middle class as well. The poor, unfortunately, will continue getting poorer just as they did in the good old days when we were all living under capitalism.
Great cartoon, John C.
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