Populism and demagoguery

Donald Steiny 2016 Elections, Blog, Economics, Politics, Resources, Society 3 Comments

One of the characteristics of the current election cycle is the rise of populism.  In modern political science,  here is the definition. “[Populism] pits a virtuous and homogeneous people against a set of elites and dangerous ‘others’ who are together depicted as depriving (or attempting to deprive) the sovereign people of their rights, values, prosperity, identity, and voice” ((Albertazzi, Daniele; …

Legal marijuana causes Mexican drug cartel revenues to plummet – San Antonio Express-News

Donald Steiny Blog, Economics, Politics, Resources, Society Leave a Comment

When you look at this, ask yourself, “who was causing the deaths and the drug war in Mexico?” My answer is “the US.” Many predicted that legalizing pot would have this effect. Marijuana legalization may have accomplished what the War on Drugs has failed to do – put the squeeze on Mexican drug cartel activity. Source: Legal marijuana causes Mexican …

The TPP – Part 1

Donald Steiny Economics Leave a Comment

No one knows all the details of TPP but there is some misinformation about it that is astounding. I just saw a headline in the Guardian that says “No One Knows How Much Senators Were Paid to Fast Track Trade Bill.” The problem with that headline is that it makes no sense whatsoever. “Fast track” has nothing to do with …

Amartya Sen: The economic consequences of austerity

Donald Steiny Blog, Economics

This is a speech by the Nobel Prize winning economist, Amartya Sen, about the bad results of austerity programs. He goes into the history and economics of the damage austerity programs do and the way that politicians have scared people needlessly (in terms of economics).  It is admirably readable and educational. The information is something that will stay with you. …