Pseudo-capitalism, the non-productive use of wealth, is the largest flaw in our modern economic system and it impacts every one of us all the time. At CapitalismInCrisis.org we desire to help you, the electorate, recognize pseudo-capitalism and how it influences your life and the society in which we live so all of us may make informed, responsible decisions at home, at work and at the ballot box.
About Capitalism In Crisis
Capitalismincrisis.org is a practical, laymen’s guide to understanding the largest, most egregious problem in contemporary economics: pseudo-capitalism.
Economic doctrine, starting with Adam Smith, is based upon a natural law vision of how the world works, patterned after the world view of Isaac Newton, wherein economic components (saving, investment) operate like planets in the solar system, rotating in perfect order. Physicists qualified this world view, beginning with Albert Einstein over a century ago. Economists have not dealt with such doctrinal implications of disorder however.
The economic world changes, but doctrine tends to remain static, with its explanatory value tending to ossify over time. Consequently, there is inadequate accounting for implications of the nonproductive uses of wealth, what we refer to as pseudo-capitalism, including gambling, speculation, wealth-hoarding, financial rigging and gaming schemes. The doctrine-justified revisions prescribed at this website include the differential taxing of non-productively held assets, and the imposition of regulations to thwart rigging and gaming schemes.
This website is built upon four decades of theoretical work by Jim Sawyer. The lead book was published three decades ago as a qualifying challenge to the paradigm of John Maynard Keynes, by his original London publisher. Professional views remain innovative and controversial however. Certainly, this site is a “bet” in this fast-changing era of Donald Trump, that eventually voters will focus upon the subtle, 400-pound gorilla in the economics room: pseudo-capitalism fraud.
More about Jim Sawyer
Jim Sawyer is a radio producer and commentator who holds a PhD in labor economics and professor emeritus from a Jesuit university,where he held an endowed chair focused on issues pertinent to public ethics.
He has managed human resource programs and served as a governor’s assistant for human resource policy in a politically conservative Western state.
Jim has taught graduate courses in economics, finance and management directed at working professionals in public and nonprofit management. He held a joint appointment at a research institute in a French university and served as a Fulbright scholar in France and Portugal. His work has been published in the U.S., U.K., France and Belgium.
He now lives in Boulder, Colorado.
Some Publications by Jim Sawyer/James E. Sawyer:
- Why Reaganomics and Keynesian Economics Failed. London and New York: The Macmillan Press Ltd. and St. Martin’s Press, 1987.
- “Reframing Capitalism” in John Kenneth Galbraith and the Future of Economics. Blandine Laperche and Dimitri Uzunidis, Eds. London: Palgrave Macmillan, 2005.
- “Doctrinal Roots of Short-Termism” in Powerful Finance and Innovation in a High-Risk Economy. Blandine Laperche and Dimitri Uzunidis, Eds. London: Palgrave Macmillan, 2008.