Myth of productivity
The pile up of excuses to justify not giving wage increases for the bottom class and a weakening at the knees on freezing wages for the moneyed classes is becoming a case study in shifting narratives. And that is exactly what politicized economics (the only kind that has any relevance to us) does: It makes you a consumer, for...
Class consciousness
Some of the sad responses to Professor Lim Chong Yah’s suggestion of trying to close the disturbing income gap in the country betray the underlying truth about such matters: That it is in the interests of the elite and moneyed class to justify why this cannot be done. Among the protests against common sense suggestions include...
Crossing the line
There are many lines that need to be crossed for things to be made better. For some it is daunting and means ‘crossing the Rubicon’. Recently, it was the attempt to cross the ‘Buffett line’ (or impose the ‘Buffett rule’) which the corporate-owned American congress stopped Obama from doing. The US is predictably prevented...
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