The great question today is whether post-feudal rentier capitalism will stifle industrial capitalism instead of serving it. The aim of finance is not merely to exploit labor, but to conquer and appropriate industry, real estate and government. The result is a financial oligarchy, neither industrial capitalism nor a tendency to evolve into socialism.
Read more...UC Berkeley professor Gabriel Zucman is doing pathbreaking work on tax havens. HIs estimates of how much the rich hide in them are eye-popping.
Read more...While the thrust of Perelman’s post is no doubt familiar to readers, take note of how simple and few in number are the essential principles for creating a highly unequal society, and how easy it is to describe them them in antiseptic language.
Read more...A video shows how the very premise of the SEC’s role, and that of regulations generally, is under intense assault by the private bar.
Read more...The nvestment provisions in the TPP and in most bilateral investment treaties can severely limit a government’s ability to manage its land and other natural resources in the public interest.
Read more...Bernie Sanders by all objective measures “won” the first Democratic party debate. Yet pundits almost universally said the reverse. What does that tell us about the state of American politics?
Read more...More on the appalling dereliction of duty of pension fund officials when they failed to act after Blackstone told them it was cheating them.
Read more...The Billion Dollar Moldova Bank Scam: gateway to the UK’s money laundering mess
Read more...Yet another damming take on the TPP.
Read more...Paying a visit to payday lenders at one of their conferences.
Read more...A European Court of Justice’s tough ruling on privacy may have tanked a toxic “trade” deal.
Read more...The current US lifestyle needs to go if the world is to succeed in limiting climate change.
Read more...The big problem with Hillary is it is hard to believe she stands for anything other than her desire to exercise power. Her latest bout of opportunism only reinforces that notion.
Read more...This post is written from the perspective of Australia, and assesses the risk of Investor-State Dispute Settlement litigation. And one has to wonder how well those cheery assurances of “Nah, the US is never a target of these investor suits” will hold up in practice.
Read more...Gawker caught out Urban Outfitters attempting to violate labor laws.
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