The vanishing space of political economy…

All individual and group-based economic activity – simply, all human economic activity – inextricably relates to the community or society that the individual or economic group is embedded in. This is the fundamental economic truth of every business entity; from the single tradesman, craftswoman and creative entrepreneur to the largest company, enterprise, or corporation.  This fundamental economic truth is anchored in the human condition of being that old ζῷον πολιτικόν – a social and political animal. Secondly, it is a function of the microeconomic give-and-take by which humans sustain their material needs. In the latter sense of a multi-tiered give-and-take process of production and exchange, all economic activity therefore involves not just conceptual antipodes of private property and public interests, but competing interests of interdependent stakeholders. What do the Lebanese people receive in return for tax? Inadequate state services, creaking infrastructure, and the same old faces. Help us bring clarity