How McKinsey Helped Turn Big Pharma into a Rent Extraction Business
How McKinsey contributed to the devolution of Big Pharma.
Read more...Category Archives: Banana republic
Michael Pettis: Trump and the Re-Emergence of the Jacksonians
Why Trump represents a recurring set of grievances in American politics, and elites are making a mistake in dismissing them.
Read more...Yale Law Journal: “In Defense of ‘Free Houses'”
State court abuse of the principle of res judicata, out of reluctance to give borrowers “free houses,” encourages poor foreclosure practices and causes broader social harm.
Read more...Phoenix Mayor Calls for Department of Justice Investigation into Maricopa County Disproportionately Reducing Polling Stations in Minority Neighborhoods
The mayor of Phoenix describes the successful effort to impede electoral participation by minority voters by Maricopa County and calls for a Department of Justice investigation.
Read more...Michael Hudson and Chris Hedges: The Real World Cost of Turning Classical Economics Upside Down
Classical economics recognized the costs of rent extraction, excessive borrowing, and encouraging speculation over commerce. Ideologues have turned those lessons on their head.
Read more...Robert Reich: 5 Reasons Why Trump’s and Cruz’s Tax Plans are Huge Giveaways to the Rich
Trump’s tax plan reveals that his economic populism is three-card Monte.
Read more...Mossack Fonseca: The New Zealand Connection
A little sniff at the New Zealand operations of notorious Panamanian law firm Mossack Fonseca
Read more...Assuming Away Unemployment and Trade Deficits from the TPP
It should come as no surprise that the Peterson Institute has managed to model the impact of the TPP so that it does not increase unemployment.
Read more...Michael Hudson on Debt Deflation, the Rentier Economy, and the Coming Financial Cold War
Michael Hudson speaks with Justin Ritchie on his favorite topics, such as debt deflation, austerity, classical economists on rentiers, and the coming financial cold war.
Read more...Moodys: Public Pension Underfunding to Worsen as Returns Lag
Moodys give an update on the sorry state of public pension funds’ coffers.
Read more...New Zealand Foreign Trusts: Chickens Coming Home to Roost
After many warnings were ignored, New Zealand Foreign Trusts are now damaging NZ’s reputation overseas
Read more...Peter Van Buren: Five Questions You Probably Won’t Hear in the Presidential Debates
The presidential debates carefully tip-toe around basic foreign policy and domestic security issues. Time to lift the cone of silence.
Read more...GAG, Merrick Garland Edition. (And Krugman Is Just So, So Mystified That So Many Progressives Support Sanders.) –
Yves here. Beverly Mann is angry about Obama’s Supreme Court nominee so you don’t have to be (as much).
Read more...Civilian Control of the Military is Over, Welcome to Civilian Subjugation
Civilian control of the military? Time to disabuse yourself of that quaint notion.
Read more...How the Cutthroat Walmart Business Model Is Reshaping American Public Education
Walmart has played a huge role in promoting and funding the charter school movement and plans to expand much further.
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