The Global Corporate Saving Glut
The corporate savings glut has been long in the making. It’s a sign of capitalists abandoning their role of investing to pursue growth.
Read more...Category Archives: CEO compensation
Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs
The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]
Read more...Bill Black: The 2016 Nobel Prizes in Economics Go to Defenders of Criminogenic Policies
Yet another dubious Swedish central bank fake Nobel Prize award…
Read more...Why Extreme Inequality Causes Economic Collapse
A look at how rising inequality becomes systemically destructive.
Read more...Wearing White: What Resistance Looks Like in America’s Heartland
A labor struggle in South Bend as a window into unions’ ongoing resistance to corporate greed.
Read more...Grantham: ‘Twas Capitalism That Killed Capitalism
How capitalism became disconnected from social good, leading to hope for a “strong leader” will take on the rich and powerful.
Read more...Are 401(k)s Contributing to the Growth of the Outsourcing of Jobs?
Yet another reason to regard 401(k)s as a failure….
Read more...“The End of Employees”
Why business expect to have even fewer employees.
Read more...Why the “Maximize Shareholder Value” Theory Is Bogus
Why the bogus shareholder value theory of corporate governance needs to die.
Read more...re: F@ck Work?
Why the Job Guarantee versus Universal Basic Income is not about work, but about governance.
Read more...Bill Black: A Letter to Warren Buffett and Charlie Munger about Hiring Proven Whistleblowers
Whistleblowers have all the ideal characteristics to create “a board culture that drives effectiveness and company performance.” Why not make them directors?
Read more...How Do Americans Get Rich? (And Stay Rich?)
A deep dive into the sources of rich Americans’ wealth.
Read more...Trump Selects Jay Clayton, S & C Partner, to Head SEC
Trump’s choice to head the SEC, prominent corporate lawyer Jay Clayton, is much more of a mainstream pick than many of his other appointments so far.
Read more...Capitalism in the Time of Trump?
Neoliberal capitalism has led to underinvestment, lowering productivity and increasing inequality. Will Trump make things better or worse?
Read more...How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud
The Wells Fargo fake account scandal illustrates why corporate executives conveniently ignore or even engage in fraud.
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