Structuralism argues that a liberal capitalist world economy tends to preserve or actually increase inequalities between developed and less developed economies.

In the abstract world of American economists, equations run both ways; they believe that by changing the sign of a variable from plus to minus or from minus to plus or the price and quantity of x or y, the direction of historical movement can be reversed.

A prolonged and massive increase in aggregate wealth per capita has taken place over several centuries.

In short, the elimination of the financial legacy of Reaganomics could force the United States to make some exceptionally difficult choices indeed.

The core of the Marxist critique of capitalism is that although the individual capitalist is rational (as liberals assume), the capitalist system itself is irrational.

The world economy diffuses rather than concentrates wealth.

The economic success of the Reagan Administration was largely dependent upon the pyramiding of massive debt and the siphoning of capital from the rest of the world.