Sublime

Stigler’s mark in economics centered on the economic competency—or rather incompetency—of state power. Once man’s behavior was reduced to utility-maximizing self-interest, economists were able to tear down the edifices of government intervention in the economy; they sought “a large role for explicit or implicit prices in the solution of many social

But opponents of state intervention didn’t lay down their arms. Fueled by ideological fervor, the fear of communism, and in-depth works by prominent economists, the ideological warfare against state intervention began again right after World War II in the form of neoliberalism[381]. It gained steam because of major societal changes. The rising aspi

It will be a period in which the technocracy will continue to live well, while the rest of the country stagnates at best and more likely declines.

An open world is a more prosperous world, but it is also a world in which both individuals and businesses must be better protected against critical risks. In the thalassocratic paradigm, instead of folding in on themselves, countries must continue to defend free trade but with its complement: a Great Safety Net 2.0 that is in sync with today’s econ

Determined to unshackle market forces from the heavy hand of the state and the millstone of “tax and spend,” the classes that led this bloc aimed to liberalize and globalize the capitalist economy. What that meant, in reality, was financialization: dismantling barriers to, and protections from, the free movement of capital; deregulating banking and