The Police Weren’t Created to ‘Protect and Serve.’ They Were Created to ‘Maintain Order.’ A Brief Look at the History of Police in America
America’s police started out as muscle deployed against labor organizers.
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Reviving the Economy, Creating the ‘New Normal’
Covid-19 rescues will reshape the economy, as we see in the US, with fat cats getting fatter. Will other countires make sounder choices?
Read more...Some Thoughts on New York City and the Dim Prospects for American Cities
Major cities are in serious trouble and hte outlook is grim.
Read more...Julian Assange Just Called. To Talk About the Pandemic’s Effect on Capitalism & Politics!
Yanis Varoufakis briefs Assange on the devolution of capitailsm.
Read more...The Cost of Staying Open: Voluntary Social Distancing and Lockdowns in the US
Yves here. As various analyses have shown, in many places, governments implemented lockdowns after citizens had started restricting their activities to avoid contracting Covid-19. It’s useful to see economists address the question of what the cost of doing nothing or very little would have been. By Adam Brzezinski, DPhil (PhD) candidate in Economics, University of […]
Read more...States Sue Drug Companies and Execs for Generic Price-Fixing; Is the Tide Turning on Willingness to Allow Big Pharma a Get Out of Jail Free Card for its Egregious Behavior?
State AGs sue drug companies and their executives for alleged price-fixing. Are we willing to rescind Big Pharma’s Get Out of Jail Free Card?
Read more...Wolf Richter: The Chilling Things Delta Said about the Airline Business, the 90% Collapse in Q2 Revenues, and Why Some Demand Destruction May Be “Permanent”
Delta’s latest SEC filing reiterates the dire situation airlines face as a result of the COVID-19 pandemic.
Read more...There’s a Crisis in U.S. Capitalism
U.S. economic policy now focuses on what is already the worst business cycle downturn since the 1929 crash. As data accumulate, it may well prove to be the worst in global capitalism’s entire history.
Read more...The European Union Still Hasn’t Considered an Economic Proposal That Can Save It
The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.
Read more...New York Makes Use of Chokeholds a Felony Charge
New York makes use of chokehold a felony charge, nearly 6 years after Eric Garner died. Perhaps cops may think twice going forward.
Read more...Pushed by National Uprising, Democratic Lawmakers Unveil Legislation to Overhaul Policing
Democrats introduce comprehensive policing reform legislation , but without Republican support, the best possible scenario is some repetition of the stimulus mess.
Read more...Dominic Cummings Is Either Ignorant and Lazy or a Psycho, and Doesn’t Know His William Gibson
Tory genius and BoJo advisor Dominic Cummings should read the books he quotes.
Read more...Private Equity Gets New Pockets to Pick: Your 401(k), in Funds Repeatedly Cited by the SEC for Abuses
While the US was busy with coronavirus and George Floyd protests, private equity stormed the retail investor barricade.
Read more...Revealed: Nearly 400,000 British Companies Evade Anti-Money Laundering Checks
David Cameron promised to stop scammers and kleptocrats hiding behind British shell companies. But almost one in ten UK firms still do not declare ‘persons of significant control’
Read more...Why I Am Still Worried About the Legitimacy of the 2020 Election Balloting Process
Voting in a pandemic
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