Some of the news items this week relate directly to the Just Third Way of Economic Personalism, so we will start off with those. Otherwise, don’t expect anything too different from what has been happening and which increases the reasons for adopting the Economic Democracy Act as soon as possible:
THE Global Justice Movement Website
This is the "Global Justice Movement" (dot org) we refer to in the title of this blog.
Friday, June 5, 2026
Wednesday, June 3, 2026
A Certain Personality
A short time ago we got into an incredibly pointless argument on FaceBook which began when someone made the somewhat “interesting” remark that because Jesus, whom Christians regard as a divine person, was a convicted felon, then no one should have any problems with the current president of the United States.
Monday, June 1, 2026
JTW Podcast: Why Kelso Invented the Leveraged Buyout
Why Louis Kelso Invented the ESOP LBO: Capital Ownership, Jobs, and the Great Depression. In today’s podcast, Louis O. Kelso (via an AI voice) recounts how witnessing the Great Depression as a teenager led him to investigate why a resource-rich economy could still produce mass unemployment and suffering. He concludes that a key free-market assumption traced to Adam Smith is wrong: real production and income come not only from labor but also from capital, whose technological rise has reduced labor’s relative share while capital ownership remains concentrated.
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