How the Federal Reserve Literally Just Makes Money

by William Luther edited by O Society June 17, 2020 Federal Reserve vowed to provide up to US$2.3 trillion in lending to support households, employers, financial markets, and state and local governments struggling as a result of the coronavirus and corresponding stay-at-home orders. Let that number sink in: $2,300,000,000,000. I have a Ph.D. in economics, direct the Sound … Continue reading How the Federal Reserve Literally Just Makes Money

Can White People ‘Organize Their Own’ Against White Racism?

“The poor whites' own position - vis-a-vis the rich and powerful - was not improved, but rather weakened by the white-skin privilege system.” ~ Theodore Allen, Class Struggle and the Origin of Racial Slavery: The Invention of the White Race, 1975 “The ‘white race’ is historically the most general form of class collaboration.” ~ Theodore Allen, … Continue reading Can White People ‘Organize Their Own’ Against White Racism?

No Class: Where Did the American Middle Class Go?

One of our O Society people asks: America's war on the poor began 40 years ago. Why are the neoliberal bourgeoisie still unable/ unwilling to see it today? by O Society Feb 5, 2020 What's the neoliberal bourgeoisie? First, let's be clear who/what we mean: What is Neoliberalism? bour·geoi·sie /ˌbo͝orZHwäˈzē/   noun 1. the middle … Continue reading No Class: Where Did the American Middle Class Go?

What do you think about Donald Trump’s statement “the homelessness phenomenon phenomenon started two years ago?”

Of course Trump is wrong about homelessness. Here he just makes up a narrative as he goes along which suits his purpose. His purpose is always to make himself look better by making others look worse in a zero-sum game of social status. This is how, in his mind at least, he constantly grows and … Continue reading What do you think about Donald Trump’s statement “the homelessness phenomenon phenomenon started two years ago?”

How Personal Experience Of Adversity Influences Our Feelings Of Compassion Towards Others

by Emma Young edited by O Society September 24, 2019 Here is a photograph of a suffering child in the war-torn region of Darfur, in Sudan. Most of us feel compassion towards this child. Now imagine seeing a photo of a group of eight children in the same terrible predicament. You’d feel correspondingly more compassion towards … Continue reading How Personal Experience Of Adversity Influences Our Feelings Of Compassion Towards Others

Neo-Feudalism: The Real Conflict Is Not Racial Or Sexual, It’s Between The Ascendant Rich Elites And The Rest Of Us

by Joel Kotkin Daily Caller edited by O Society September 15, 2019 Despite the media’s obsession on gender, race and sexual orientation, the real and determining divide in America and other advanced countries lies in the growing conflict between the ascendant upper class and the vast, and increasingly embattled, middle and working classes. We’ve seen … Continue reading Neo-Feudalism: The Real Conflict Is Not Racial Or Sexual, It’s Between The Ascendant Rich Elites And The Rest Of Us

The New American Homeless

  Housing insecurity in the nation’s richest cities is far worse than government statistics claim. Just ask the Goodmans. by Brian Goldstone edited by O Society September 10, 2019 Last August, Cokethia Goodman returned home from work to discover a typed letter from her landlord in the mailbox. She felt a familiar panic as she … Continue reading The New American Homeless

The Broken Mirror: Intersectionality and the Loss of the Universal

The ‘disarticulation’ of class results in the loss of the possibility of a structural and therefore truly radical critique of capitalism and instead a billion and one private, individualized and antagonistic identities are unleashed. by Tony McKenna  edited by O Society August 15, 2019 Intersectionality is something of a buzzword, both revered and ridiculed. The … Continue reading The Broken Mirror: Intersectionality and the Loss of the Universal

What the Hell is Intersectionality?

Intersectionality What does it mean and does hearing this word make you go berserk? https://youtu.be/Qj1RS9vHcsw by O Society August 15, 2019 In all seriousness, I believe intersectionality refers to the additive effects of being in multiple identity politics groups. For example, women are discriminated against, maybe even hated by misogynists. Black people are discriminated against, … Continue reading What the Hell is Intersectionality?

Global Justice and Finance: an introduction to critical questions

by Tim Hayward edited by O Society August 1, 2019 This post introduces some central arguments of my book Global Justice and Finance. In a world where extreme inequality consigns many millions of the least advantaged to conditions of crushing poverty, there is an evident case of justice for some redistribution of income and wealth. Thinkers … Continue reading Global Justice and Finance: an introduction to critical questions