Thursday, July 27, 2017

People Voted Communist Because…

Italy had the largest communist party in Western Europe. Why did ordinary people vote communist? What did they believe in?

Why CalPERS’ Scheme for an “Independent” Private Equity Entity Is the Wrong Solution to the Problem of Weak Skills

Further discussion of why CalPERS’ latest Big Idea for private equity needs a Big Rethink.

Bill Black: Jamie Dimon, You Make Us Embarrassed to be Americans

If Dimon really wants to know why growth is so slow his research should begin by looking in the mirror.

2:00PM Water Cooler 7/24/2017

Today’s Water Cooler: NAFTA, UK/US bilateral, Schumer’s “Better” proposal, Guccifer 2.0 DNC mail leak not hack, services, housing, Facebook

Sleeping Monster: The Trade in Services Agreement (TiSA) and Labor

TiSA’s effect on professional service and contract labor.

Links 7/24/2017

CalPERS Board Uncomfortable With Staff’s “Fire, Aim, Ready” Plan to Create Unaccountable Private Equity Vehicle

CalPERS’ staff is trying to railroad the board with a not-very-well-thought out idea of an “independent” private equity venture.

The Mega Rich Are Getting Mega Richer: A Former CEO Exposes the Corruption Behind Their Obscene Paychecks

Discusses broader economic effects of gross income inequality– driven by obscene CEO pay rises.

Juliana v. United States and the Principle of Intergenerational Equity in Climate Change Law

The best shot at large-scale climate action under the Trump administration might lie with a lawsuit set to go to trial early next year.

Sleeping Monster: The Trade in Services Agreement (TiSA), Scheduling, and “Standstill” and “Ratchet” Clauses

How TiSA could prevent the delivery of possible universal concrete material benefits, like Medicare for All

Links 7/23/2017

Is Productivity Growth Becoming Irrelevant?

Measured GDP and gains in human welfare eventually may become entirely divorced.

US to Bar its Citizens from Travel to North Korea: What Comes Next?

Today North Korea, tomorrow– who knows? US ban on travel by its citizens to North Korea revives a problematic Cold War practice.

Links 7/22/2017

Capital Accumulation, Private Property, and Inequality in China, 1978-2015

This column presents the first systematic estimates of the level and structure of China’s national wealth since the beginning of the market reform process