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Posting this unfinished so I can download and finish it because I “ran out of overlay layers” A brief history, cliff notes, on how our economy got here in the first place #longedit #economy #history #worthit
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If you studied economics and something about the models never sat right, this is why. What mainstream economics actually represents is not science but a particular political and economic worldview disguised as objective analysis. It wasn’t always this way. The field was literally called “political economy” until the late 19th century marginalist revolution, when economists decided they’d rather resemble physicists. The politics didn’t disappear. They got written out of the textbook. If you recog
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Distributism is an economic philosophy that seeks to spread the ownership of productive property—such as land, homes, workshops, farms, and businesses—as widely as possible throughout society rather than concentrating it in either large corporations or the state. Developed chiefly by GK Chesterton and Hilaire Belloc, and inspired by the social teachings of the Catholic Church, particularly Rerum Novarum, distributism favors family-owned businesses, cooperatives, guilds, small farms, and local en
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