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Economy Web Research
An Economic Prophet Criticizes Wild Wall Street Profiteering
6/25/2010
Chinese Workers Strike: An Event of Historic Proportions
6/17/2010
The Purpose Motive is More Important than Profit Motive for Human Being
5/30/2010
Crucial Economic History on Equality
5/24/2010
Banks are Criminals: A Lost Decade Ahead for Home Owners
5/12/2010
Equality is Good for Society and Local Community
4/5/2010
Recent Report Demonstrates Vast Increases in Global Urban Poverty
4/5/2010
Monopolization: Why New Jobs are Not Being Created
3/16/2010
An Economic Elite is Destroying American Society
3/14/2010
Blinded by Ideology
3/11/2010
The Colonization of Consciousness: American and Global Corporate Financialism
3/1/2010
Joe Stack: I Have Had Enough
2/27/2010
Democrats Must Wake Up to the Current Economic Emergency
1/23/2010
Business under Republicans Delivers a Big Zero for the Decade
12/28/2009
Cantwell is Key Figure in Reform of Finance Regulation
11/30/2009
Corporate Killing Fields
11/3/2009
Free Market Myths Used to Cover Up How Goverment Regulation Benefits Wealthy
10/29/2009
Entrenched Corporate Power Dominates Global Financial Meeting
10/1/2009
Globalization as Farce: Criminal Class on Wall Street Relies on Military Force
9/22/2009
Economic Change and the Myth of Constant Growth
7/30/2009
'The Cause of My Life: Inside the Fight for Universal Health Care
7/22/2009
Tax Debate Crucial for Working Folks and the American Future
7/21/2009
Conservative Egalitarians
5/25/2009
The Longer Reform is Delayed, the Bloodier the Revolution
5/20/2009
A New Social Mission for the Church: Labor Organizing
4/28/2009
The Manna Story and the Sabbath Principle
4/10/2009
Prophetic Disruption
4/2/2009
WCC Urges Global Economic Justice at the G20
4/2/2009
The Corporate Domination of Higher Education
3/29/2009
Obsessive Financial Deviants
3/22/2009
No Return to 'Normal' Economic Policy
3/19/2009
A Global Justice Rebellion
3/18/2009
Economic Hard Times Means Trouble for Non-Profits
3/14/2009
Obama Encouraged to Change Immigration Policies
3/11/2009
A Moral Force that Confronts the Society
3/11/2009
A Social Democratic Economist for Our Times: John Kenneth Galbraith
1/19/2009
Republicans Against Worker Organizing
1/3/2005
The Loss of Livelihood: One Family's Experience
12/30/2004
Poverty as a Moral Values Issue
12/22/2004
Historical Highlights of the Religion-Labor Movement
12/22/2004
Good Economic Planning? Some See Major Crisis Coming
12/6/2004
What Money Can't Buy: The Moral Limits of Markets
11/22/2004
IMF and WCC Discuss Global Poverty
3/17/2003
The Prophet Has Spoken: Greenspan on Ethics and the Economy
7/16/2002
Enron Just Tip of Iceberg
6/22/2002
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Economy Section
The primary political contest in the United States since the rise of industrial society has been between those who believe the government should regulate the economy and those who believe that the economy can best regulate itself through the free market without governmental interference. At this website we suggest that it is not a free market that is most important, but a free society. The people should be free to live as they decide, the market must be managed for the benefit of that freedom. This is not a rejection of capitalism in favor of socialism; it is a concept of what can be called "well-managed capitalism." Exactly what that means will be the subject of much discussion here. Watch for many articles on the left menu in the future, as well as in other sections of the website. Articles will include interpretations of economic history and debates over the meanings of the terms "capitalism" and "socialism." These debates in the last years, since Reagan announced in 1980 that "government is the problem," have been terribly confused. Since the fall of the Soviet Union in 1991 the political meanings of these terms has shifted. It used to be that Communism was socialist. Now the right wing radio zealots define any government program as socialistic, even fixing roads and regulating the quality of food and meat. All social welfare is socialist to these so-called conservatives. They are doing a huge disservice to the vast millions of Americans whose lives have been enhanced through what has been managed capitalism since the New Deal of Franklin Roosevelt, who began in the 1930s what we define here as social democracy for the United States. The economy over which the conservatives (the free market and the importance of personal property are originally "liberal" ideas, now called "neoliberal" by thinkers in other parts of the world) have ruled now for four decades (including Democratic presidents) is now seriously crashing. It has not been a "free market." It has been a poorly managed market by Alan Greenspan and other libertarians. If you don't believe in government you are not going to do a good job governing, as the George W. Bush years demonstrate again and again, including the Katrina disaster. The market has been managed all right, but it has been managed for the interests of wealthy corporate few and against the real needs of common people living in real communities. That's why there are so many social problems today, that's why so many people need to take so many drugs to make themselves feel a little better, that's why families of all types have such trouble prospering and staying together. The free market has become a kind of religious belief used to justify an economic system that has become illegitimate. It is an important but limited concept and need not be thrown away entirely. There are real economic limits and conditions to take into account. Government cannot manage everything down to every detail. That is ridiculous. Totally centralized planning is impossible and not necessary. But a well-managed capitalism is possible. It is done all over the world, in the Nordic countries, in Europe, in the growing economies in Asia. The United States is the only country left in the world with government-hating capitalists who want to control the global economy and who want to avoid any rules by which to conduct their business. Nobody likes rules, but without wise law created by careful government, the economy will not be beneficial to all in a free society.
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