(See Part I here. While closely related, Part II is readable as a stand alone piece.)
Economics. We know the economy mostly through the dollars we keep (or lack) in our pockets and the jobs we work (or suffer through) during a major portion of our waking lives. Outside of these more tangible ways we experience the economy, talk of the stocks, bonds, and securities, the federal reserve, supply-demand curves, etc… mostly seems arcane and safely ignored. And yet upon reflection, it’s difficult to escape the conclusion that this topic doesn’t deeply determine our lives and social relationships.
How can we imagine a better world and then make one if we refuse to look economics in the eye? Avoiding the principles of economics shackles us to our more immediate impressions of the world and fogs our capacity for critically relating to ourselves and society as a whole. Economics isn’t just for bootlicking academics and the self-aggrandizing rich; it’s also for restless workers and the scheming masses. It may be an abyss, but it’s one that with a little encouragement and self-assurance we can get to the bottom of and weaponize in service of our own ideas of liberation.
This piece is Part II of a series on liberalism. As a refresher, liberalism as a political philosophy does not refer to the first part of the liberal/conservative dichotomy in US politics but is the more encompassing mainstream worldview “that holds that free market capitalism and limited representative government are the best way to organize society, protect human rights, and promote the freedom of people to choose how to live.” Part I focuses more abstractly on defining liberalism and showing how it ignores inequalities of power which then corrupt everything liberalism claims to stand for. Part II is a look at how this plays out more concretely through capitalism.