Chris Dillow writes about economics, politics, and inequality from a left-leaning perspective, covering capitalism, markets, work, and British society.
Commenters call Dillow a favorite economics blogger and link his posts on capitalism versus markets, meritocracy, and house prices.
An important distinction to keep in mind: capitalism != free market.
From the article http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2016/01/capitalism-vs-markets.html
> They are, in fact, two different things: capitalism is a system of ownership; markets a method of exchange. Although the two have sometimes gone together, this need not be so. Crony capitalism in which a few monopolies or cartels run much of the economy gives us capitalism without markets. And market socialism would give us markets without capitalism*.
Yep, I saw this interestingly articulated here:
http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2010/11/the-psychology-of-twitterjokes.html
In essence, the power of Facebook to connect you with your personal friends also makes you re-make how you present yourself to the outside world.
You create a "purified identity", maybe as you see it a better, less controversial character for fear of offending, or perhaps more likely to please your 'friends'.
At a cursory read, this is similar to Demand-Revealing Referenda / Revealed Preferences, I think? http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2007/03/trident_how_to_.html https://rwmj.wordpress.com/2014/03/27/half-baked-ideas-demand-revealing-referenda-applied-to-fedora-features/
I love that there are so many better ways to vote, and I hate that we still use FPTP.
This is true. I've always liked the distinction made here: http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2007/11/the-government-.html between extremism and fanaticism. Extremists are those with views beyond the mainstream, and fanatics are those with views that, mainstream or otherwise, are so strongly held that they cannot accept disagreement.
There is some[1] evidence to show that higher corporate tax rates result in lower wages so it's at least partially equivalent to a higher income tax rate.
[1] http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2010/04/corporate-tax-incidence-some-evidence.html
Chris Dillow is my favorite economics blogger. http://stumblingandmumbling.typepad.com
One of his quotes from memory is "Meritocracy is the myth that justifies inequality", which explains a lot of the current world.