B&B: Free time before capitalism | Kolko, a heretic historian | Wellness-industrial complex | Entrepreneurial state | Productivity growth vs. wage stagnation |Lack of black economists

This time especially worth reading and sharing pieces:

> New York, a city that fetishizes entrepreneurship and business, uses a labyrinthine bureaucracy and police to fight street vendors (poor people, low working class, and immigrants) who work for themselves to make a living — by Molly Crabapple

> Before Capitalism, medieval peasants worked less and got more free time than you — by Lynn Parramore

> By constant infusing of fear and misinformation, the wellness-industrial complex has managed to make supplements a “necessary” tool for nonsensical practices. It’s business, not medicine — by Jen Gunter

> Historian Gabriel Kolko reshaped the way we think about how the state advances capitalist interests and contended that the Cold War should be understood through the synergetic relationship between capitalism and the liberal state. Eli Cook reflects on Kolko’s intellectual legacy and his books such as The Triumph of Conservatism: A Reinterpretation of American History, 1900-1916, Railroads and Regulation, 1877-1916, and Century of War: Politics, Conflicts, and Society since 1914

> The government is, and has always been, crucial in promoting and implementing innovations and supporting private entrepreneurship. Jeff Madrick reviews Mariana Mazzucato’s The Entrepreneurial State: Debunking Public vs. Private Sector Myths and William Janeway’s Doing Capitalism in the Innovation Economy: Markets, Speculation and the State

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> Inequality and the wage stagnation: the growing gap between overall productivity growth and the pay of the majority of workers since the 1970s. Income went to the very top of the pay scale and to owners — by Josh Bivens and Lawrence Mishel

> Just 3% of US economics PhDs were awarded to black people in 2017 – a share that has been trending downward since the mid-1990s. The effects of this lack of black representation on economic policy and outcomes examined in this podcast by Lisa D. Cook and Elmira Bayrasli

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One comment

  1. “Before Capitalism, medieval peasants worked less and got more free time than you — by Lynn Parramore.”

    Absolutely true, but then again, medieval peasants did not always have enough to eat, despite them being the producers of food.

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