In 2015, the United Nations adopted Sustainable Development Goals (SDGs) to end extreme poverty, fight inequality and protect our planet. For many centuries, individuals and small firms had made and distributed basic commodities such as food and clothing.They accumulated profits by keeping whatever remained after they had paid for their expenses. In the nineteenth century,..

The rise of electoral democracies has been accompanied by enhancement of the role of myths and stories in economics and politics, in which “truth”, even if it could  be found, has rarely ever  played much of a role

ABSTRACT Neoclassical economics dominates modern economics .It fails to take sufficient account either of technological change or of marketing activities, both of which are central features of modern capitalism. Neoliberals believe that the state should be confined to safeguarding individual and commercial liberty and strong property rights. But in practice, corporations’ dependence on states has..

The essence of neoliberalism is that it provides powerful intellectual support for capitalism and for corporations whatever they do.The neoliberal worldview is embedded in contemporary culture. It continues to increase the huge damage that capitalism inflicts on the world.

1. Neoliberalism embraces beliefs that the only legitimate purpose of the state is to safeguard individual liberty , especially commercial liberty, as well as strong private property rights; and that the state should be drastically reduced in strength and size. These beliefs apply internationally: there should be free markets and free trade. 2. The political..

ABSTRACT Over the last 250 years, capitalism has been responsible for rapid economic growth and technological change in many countries. As Schumpeter suggested, the capitalist process progressively raised the standard of life of the masses. The consequent increase in production of an ever-changing and expanding range of products and services lifted hundreds of millions of..