Shareholder Capitalism’s Ugly Legacy
Debunking some of Milton Friedman’s destructive ideas, such shareholders, who only have residual claims in a company, ought to come first.
Read more...Category Archives: Free markets and their discontents
How Donald Trump Abandoned Workers After Promising to Bring Manufacturing Back to the U.S.
Restoring manufacturing to the US is a tall order. Not surprisingly, Trump’s approach has been unserious.
Read more...How Hypocrites in High Places Have Contributed to the Riots in the Streets
Why the riots of this summer resulted from the ever-increasing exploitation of low-income Americans, and how a Job Guarantee would reverse this power imbalance.
Read more...We Must Defeat the US Trade Deal
Why signing up to a US trade deal would mean a loss of sovereignity for the UK.
Read more...How Hospitals’ Profit Orientation Led to Covid-19 Unpreparedness
How hospitals set themselves to perform badly in pandemic conditions.
Read more...How NAFTA Lost Democrats the South
How the New Democrats’ trade deals fractured the multi-racial coalition that Martin Luther King had helped forge in the South.
Read more...Journey into a Libertarian Future: Part V – Dark Realities
A libertarian perspective on nobility, democracy, and lobbying.
Read more...Demonizing Socialism and “Macroeconomic Populism”: Myths of Soft Budget Constraints
Some econmists have criticized industrial policy as zombie-crearting “macroeconomic populism.” Evidence indicates otherwise.
Read more...Trump’s Eviction Moratorium Opens the Door for Medicare for All by Executive Order
Since Covid-19 will be with us till at least the end oe 2021 (and I suspect longer), it opens the path for emergency Medicare for All.
Read more...America’s Dire Inequality Demands a New Conceptual Framework. This Economist Has One.
Lance Taylor explains that wage repression — far more than monopoly power, offshoring or technological change — is driving rising inequality.
Read more...‘Dereliction of Duty’: Outrage as USPS Board Issues Gushing Praise for DeJoy Amid Mail Slowdowns, Medicine Delays, and Straw-Donor Scandal
The latest sordid episode in the teardown of the US mail service.
Read more...How US Consumers Use Their Stimulus Payments
Contrary to right wing beliefs, giving citizens stimulus payments didn’t lead them to loaf.
Read more...Regressive Taxation Must Be Reversed
Discussing taxation proposals by inequality mavens Emanuel Saez and Gabriel Zucman.
Read more...Democracy Scares, from the Destruction of Bryan to the Abdication of Bernie: Why America Desperately Needs a Second Populist Movement but Ain’t Gonna Get One an interview + Review of The People, No! A Brief History of Anti-Populism by Thomas Frank
Thomas Frank explains why populist campaigners face such a hostile environment now.
Read more...History Gives Reason to Hope That We Can Beat Inequality
Not surprisingly, fighting inequality has always been an uphill battle, but history gives some insight on tactics.
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