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  • Summary of Book
    • Introduction to the Summary of the Book
    • Who Caused the $79 Trillion Heist
    • What are the drivers of the $79 trillion heist?
    • Monopolization
    • Globalization
    • Decline in Unionization
    • Financialization
    • The Financial Sector
    • Financialization of Corporations
    • Money
    • Insecurity for the Bottom 90% over the Past Fifty Years
    • Other Problems with Capitalism
    • Conclusions
    • Addendum – Why Orthodox Economics Is Not Useful
    • Further Addenda
    • Table of Contents
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external costs

External Costs, Global Warming, Forever Plastics, and Orthodox Economics

May 28, 2025 theheist 0

Thoughts after Senator Sheldon Whitehouse’s “Time to Wake Up 298: The 10th Our Oceans Conference” No sooner had I finished my earlier post, “‘Outdated and […]

Three Plagues On Our Species – Nation States, Religion, & Capitalism

March 21, 2025 theheist 0

Responding to Global Warming and the Pillaging of the Earth Viewed from the perspective of the looming disaster of global warming accompanied by the exhaustion […]

Industrial Food and Econ 101 – the case of externalities

March 7, 2025 theheist 0

Externalities – the language of Econ 101 What are externalities? Defined in two widely used textbooks: “An externality occurs when some of the costs or […]

Hard Data about Ultraprocessed Foods and Health – Sugar in the spotlight

January 25, 2025 theheist 0

Over several decades, there has been increasing discussion of the role of ultra-processed foods in our health. Globally, surging levels of diabetes, hypertension, obesity, and […]

Economists Are in the Wilderness. Can They Find a Way Back to Influence? – from the NYTimes

January 12, 2025 theheist 0

Ben Casselman wrote this piece in the 1.10.2025 NYTimes: “Economists Are in the Wilderness. Can They Find a Way Back to Influence?” The article cites […]

Economists Are in the Wilderness. Can They Find a Way Back to Influence? – from the NYTimes

January 12, 2025 theheist 0

Ben Casselman wrote this piece in the 1.10.2025 NYTimes: “Economists Are in the Wilderness. Can They Find a Way Back to Influence?” The article cites […]

$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few more…..

August 22, 2023 theheist 1

I was already 31 years old when the rip-off of America began in 1979. I was busy, and the changes in American life were only […]

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