Oxfam Report on Rent Seeking Among the Top Wealthy Reinforces Neoliberal Shibboleths
A well-meaning effort to analyze rent-seeking goes off the rails.
Read more...Category Archives: Free markets and their discontents
Michael Pettis: Trump and the Re-Emergence of the Jacksonians
Why Trump represents a recurring set of grievances in American politics, and elites are making a mistake in dismissing them.
Read more...Misunderstanding the Great Recession
How many of the textbook explanations of the Great Depression were proven wrong, yet despite that, were misapplied to the Great Recession.
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...How the Cutthroat Walmart Business Model Is Reshaping American Public Education
Walmart has played a huge role in promoting and funding the charter school movement and plans to expand much further.
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...Could This Lawsuit Be the Straw That Breaks the TPP’s Back?
TransCanada has filed a $15 billion lawsuit against the US under NAFTA or scuttling its cross-border pipeline. The TPP gives foreign investors even stronger rights.
Read more...Flint’s Water Crisis: A Chronicle of Disenfranchisement, Denial, and Buck-Passing
A must-see documentary on Flint’s water crisis.
Read more...Why the Oregon Refuge Occupiers Had a Legitimate Grievance…..Just Not the One They Went After
Small ranchers are being squeezed and the Oregon refuge occupiers had real grievances, but the wrong target.
Read more...Galbraith: Attack on Sanders’ Economic Plan By Former Chairs of the Council of Economic Advisors Irresponsible
Jamie Galbraith discusses in some detail why Gerald Friedman, a Clinton supporter who gave a favorable review of Sanders’ economic plan, is owed an apology by his detractors.
Read more...Social Security Privatizer Larry Fink of Giant Asset Manager BlackRock is a Clinton Treasury Secretary in Waiting
Social Security enemy Larry Fink appears to have troublingly high odds of becoming the Clinton Treasury Secretary nominee.
Read more...National Poll Finds Bipartisan Suport for Serious Regulation of Charter Schools
The public is dissatisfied with charter schools and wants curbs put on them.
Read more...Some Real Costs of the Trans-Pacific Partnership: Nearly Half a Million Jobs Lost in the US Alone
The Trans-Pacific Partnership will lead to job losses overall, with the US taking the biggest hit.
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