The Just Third Way

A Blog of the Global Justice Movement

Monday, February 29, 2016

The Crisis That Need Not Be, II: Redeeming the Central Bank

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Last Thursday we noted how central banking was diverted from its original purpose from the very beginning in 1694, a...
Friday, February 26, 2016

News from the Network, Vol. 9, No. 08

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A number of very positive things have happened this week, so we’ll go straight to the news items and cut the intro...
Thursday, February 25, 2016

The Crisis That Need Not Be, I: A System Designed to Fail

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Maybe it was the tagline that caught our attention: “ Suddenly banks everywhere are in deep, deep trouble.”   (“ The...
Wednesday, February 24, 2016

Focus on the Fed

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This is the time of year many Christians celebrate (if that’s the right word) “Lent.”   Lent is a period of forty da...
Tuesday, February 23, 2016

About That Labor Theory of Value, III: How Ownership Helps a Free Market

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Yesterday we noted that to make the bargaining positions of “labor” and “capital” equal, it is only necessary to turn owners of lab...
Monday, February 22, 2016

About That Labor Theory of Value, II: Determining Relative Contribution

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Last Thursday we fiddled around a bit with the concept of “productivity” as defined by the Bureau of Labor Statistic...
Friday, February 19, 2016

News from the Network, Vol. 9, No. 07

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We may not have very many news items this week, but they are on important issues . . . such as the basis of the Ju...
Thursday, February 18, 2016

About That Labor Theory of Value, I: Binary Productiveness

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O ccasionally we post a blog not because people want it, but because we think they need it.  Can we force anyone to read it?  No, of...
Wednesday, February 17, 2016

Socialist Delusions, Capitalist Illusions, XII: “Popular Capital Formation”

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We were going to call this “Capital Formation for Dummies,” but we don’t want to risk a lawsuit from one of our favorite — and most useful...
Tuesday, February 16, 2016

Socialist Delusions, Capitalist Illusions, XI: The New Frontier

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A s we saw yesterday, America — the world — needs a “new frontier.”   Nor can it be a frontier restricted to an élite ...
Monday, February 15, 2016

Socialist Delusions, Capitalist Illusions, X: The Closing of the Frontier

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At the Columbian Exposition in Chicago in 1893, Frederick Jackson Turner (1861-1932) delivered a paper titled, “The ...
Friday, February 12, 2016

News from the Network, Vol. 9, No. 06

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Perhaps the most interesting thing about the current fluctuations in the world’s stock markets is the fixed — and ...
Thursday, February 11, 2016

Socialist Delusions, Capitalist Illusions, IX: Capitalism’s False Front

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Probably few people today know what a “false front” is — or, more accurately, was .   They do not have the questionable advantage o...
Wednesday, February 10, 2016

Socialist Delusions, Capitalist Illusions, VIII: What About Collateral?

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Yesterday we saw how commercial and central banks acting in concert as intended can create an elastic and asset-backed reserve curr...
Tuesday, February 9, 2016

Socialist Delusions, Capitalist Illusions, VII: Reserves and How to Use Them

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We ended yesterday’s posting by agreeing with the old saw that you need money to make money.   Traditionally, this has meant at lea...
Monday, February 8, 2016

Socialist Delusions, Capitalist Illusions, VI: Where Does the Money Come From?

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Last week we decided that having private property in capital is absolutely essential if someone is to have the power to exercise hi...
Friday, February 5, 2016

News from the Network, Vol. 9, No. 05

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This has been an interesting week for the Just Third Way.   Work is progressing on our analysis of the 1916 Easter...
Thursday, February 4, 2016

Socialist Delusions, Capitalist Illusions, V: The Economic Dilemma

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Despite the obvious fact that technology produces marketable goods and services better, less expensively, and in gre...
Wednesday, February 3, 2016

Socialist Delusions, Capitalist Illusions, IV: The State from Which All Blessings Flow?

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We ended yesterday’s posting with the eternal question, Why, if private property in capital is so important to the establishment an...
Tuesday, February 2, 2016

Socialist Delusions, Capitalist Illusions, III: Life, Liberty, and Property

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Socialists-Who-Deny-They-are-Socialists (as well as a number of socialists) often reject the claim that socialism can be defined as...
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