Category Archives: Free markets and their discontents

Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka

The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.

Neoliberalism Booster New York Times Egregiously Misrepresents French Labor Laws

The New York Times’ latest dubious achievement: how many lies it managed to tell in a single story about French labor laws.

Facebook Now Out to Squish Even Newbie Potential Competitors

The Wall Street Journal gives a case study on how Facebook hounds even small fry competitors.

Wall Street Journal Deigns to Notice Costly Indiana Toll Road Failure, Depicts It as Isolated When Toll Roads “Consistently” Go Bust

Toll road projects have consistently failed over the last decade and a half, but you never hear that in the mainstream press.

Nurses: Paul Krugman Gives ‘Shallow Political Advice’ On Health Care Reform

While the National Nurses Union back national health care, they are cautiously calling only for Medicare for All, not a more robust system.

Trump as “Consequence, Not Cause” of the Collapse in the Post Cold War Consensus

How press and pundit fixation on Trump diverts public attention from power structures that work against ordinary Americans.

Democrats Pushing the “Compete” Word to Justify Doubling Down on Failed, Middle-Class Destroying Neoliberal Policies

Democrats are now telling voters they only need to compete better…and offer policies that have repeatedly failed to “help”.

Yes Men Target “Better Deal” #DNCTakeBack Scam

The DNC’s Better Deal scam is barely out of the box and the Yes Men are already making fun of it.

Austerity in One Country: The Case of Britain

A devastating review of the recent history of austerity in the UK.

Wolf Richter: How Banks Hurt the Real Economy – FDIC’s Hoenig to Senate

The FDIC’s Tom Hoenig takes up the thankless task of shellacking the latest self-serving whinge from Jamie Dimon.

Fake Unicorns: Study Finds Average 49% Valuation Overstatement; Over Half Lose “Unicorn” Status When Corrected

Investors beware! A large scale study found that every unicorn it looked at was overvalued, on average to a significant degree.