"Liebig played a pioneering role in studying the changing soil chemistry in relation to the advancing capitalist industrial agriculture. He noted that the production of crops depended on the soil containing essential nutrients—such as, but not limited to, nitrogen, phosphorus, and potassium. He explained that a rational system of agriculture must be governed by the “law of compensation” or the law of replacement.33 The nutrients that are absorbed by plants as they grow must be restored to the soil to support future crops. But this was far from the case in Western Europe and the United States in the nineteenth century. Liebig noted that the British high-farming techniques constituted a “robbery system,” leading to the despoliation of the soil."
https://monthlyreview.org/2019/12/01/capitalism-and-robbery/
https://monthlyreview.org/2019/12/01/capitalism-and-robbery/
Monthly Review
Monthly Review | Capitalism and Robbery
Historical capitalism cannot be understood aside from its existence as a colonial/imperialist world system in which the violent exercise of power is an ever-present reality. In order to uncover the…
"even when markets are competitive, capitalists will often make socially counterproductive choices of technology."
http://www.socialisteconomist.com/2018/10/miltons-myth-3-free-enterprise-is.html
http://www.socialisteconomist.com/2018/10/miltons-myth-3-free-enterprise-is.html
Socialisteconomist
Milton's Myth #3: Free Enterprise is Efficient
Milton Friedman said free enterprise promotes efficiency. But the quest for profits also drives firms to choose technologies which reduce efficiency or are contrary to the social interest. (All of Milton's myths here).
"(...) it is important for radical social movements to fashion a language that resonates politically and emotionally with peoples’ needs, values and everyday social relations while embracing the core values of equality, freedom, solidarity and justice."
https://truthout.org/articles/we-must-overcome-our-atomization-to-beat-back-neoliberal-fascism/
https://truthout.org/articles/we-must-overcome-our-atomization-to-beat-back-neoliberal-fascism/
Truthout
We Must Overcome Our Atomization to Beat Back Neoliberal Fascism
Movements in Chile, Colombia and Ecuador have gained momentum by resisting the isolation imposed by neoliberalism.
"I know models have unrealistic and sometimes stylized assumptions, yet models can bring important insights, and theoretical and empirical papers that capture key features of the real world can be useful for policy. It takes a big leap of faith, however, and can actually do more harm than good, to claim that models whose assumptions greatly distort the real world are adequate for real-world applications."
https://evonomics.com/political-economy-blind-spots-and-a-challenge-to-academics/
https://evonomics.com/political-economy-blind-spots-and-a-challenge-to-academics/
Evonomics
There is No Economics without Politics - Evonomics
Applying inadequate economic models to policy in the real world is akin to building bridges using flawed engineering models. Serious harm may follow.