Category Archives: Free markets and their discontents

Marshall Auerback: Donald Trump Understands the Nexus Between Trade and Immigration

By linking immigration and trade, however crudely, Trump has exposed the broader paradox and inherent contradictions which lurk between the two.

Read more...

Michael Hudson and Chris Hedges: The Real World Cost of Turning Classical Economics Upside Down

Classical economics recognized the costs of rent extraction, excessive borrowing, and encouraging speculation over commerce. Ideologues have turned those lessons on their head.

Read more...

Assuming Away Unemployment and Trade Deficits from the TPP

It should come as no surprise that the Peterson Institute has managed to model the impact of the TPP so that it does not increase unemployment.

Read more...

Gaius Publius: The Goal of the Neo-Liberal Consensus Is to Manage the Decline

Neoliberals want ordinary people to accept that their standard of living will decline. It’s not hard to see whose interest that story promotes.

Read more...

HSBC’s Money Laundering Nightmare (2): Mossack Fonseca, a Year in Words and Pictures, March 2015-March 2016

Mossack Fonseca and its trail of street protests: they are in it up to their thighs, and HSBC’s Stuart Gulliver has “no idea”.

Read more...