Neoliberal Capitalism, Its Crisis, and What Comes Next
The fundamental contradictions of neoliberal capitalism are pushing it to the breaking point.
Read more...Category Archives: Free markets and their discontents
Why Larry Summers is Wrong and Bernie Sanders is Right on Glass Steagall
Larry Summers, acting as a proxy for Team Clinton, attacked Sanders’ reform proposals, particularly the an updated Glass Steagall. Her’s why Summers is wrong.
Read more...2015: A Failing Fiscal Policy
Although the case study is the UK, this post is yet another example of how counterproductive austerity is, from both an economic and a social perspective.
Read more...Koch Brothers’ Culture Grab: Latest Donation, to Western Carolina University, for “Center of Study of Free Enterprise” Despite Faculty Vote “No”
How the Koch Brothers are using educational purchases, um, donations, to make cultural norms even more business-friendly.
Read more...Mathew D. Rose: Now It Is Poland’s Turn
Germany is very upset that Poland has voted in a populist, Euroskeptic, anti-austerity government. And Germany is particularly unhappy that the new regime is increasing its control over public media….which Germany already has in place.
Read more...How the Labor Cost Competitiveness Myth is Making the Eurozone Crisis Worse
A new article makes a devastating attack on a fundamental belief driving Eurozone policy, that the member economies need to be made more “competitive,” meaning labor needs to be squeezed, for the currency union to achieve more growth.
Read more...China’s Contradictory Aims, Greater International Role Versus Domestic Economic Control, HIt Breaking Point
China appears to be in denial that it can’t have more open financial markets and maintain the same degree of control over the economy that it once enjoyed.
Read more...The Anglo-Saxon Hide, Adam Smith, Karl Marx and the 35 Hour Work Week
How the Doomsday book,and the unit of assessment called the “hide,” suggest that medieval laborers had very civilized work weeks.
Read more...TTIP and Climate Change: Low Economic Benefits, Real Climate Risks
The TTIP could jeopardize the ability of the European Union and the United States to put in place the proper regulations to meet climate targets.
Read more...Identifying Vectors Influencing China’s (and International) Markets
A list of some of the factors driving the recent market upheaval in China. Readers will hopefully add to and refine this compilation.
Read more...Wolf Richter: Welcome to 2016! With Just a Touch of Mayhem for Stocks
Stocks took a beating around the globe on the first day back in 2016. Hopes of a better year start out inauspiciously.
Read more...The Obama Report Card: The Good, the Bad and the Incomplete
Why are so many people in the soi-disant left who are not career progressives, meaning not part of the Vichy Left, so cautious about calling out Obama’s failures?
Read more...Job Guarantee Versus Basic Income Guarantee
A lively and well-informed debate on the merits of a job guarantee versus a basic income guarantee.
Read more...Matthew Cunningham-Cook: Five Reasons Tariffs Are Great
Saying tariffs could be a good thing is close to a taboo in economics. Is that distaste justified?
Read more...“Summer” Rerun: “Why America Will Need Some Elements of a Welfare State”
In 2007, the Financial Times’ Martin Wolf Wolf concluded that America needed some form of a welfare state. His argument is as valid now as then. Yet it is hard to imagine that anyone would make it now, particularly in light of the effort of soi-disant liberals to pretend that Obamacare insurance policies bear any resemblance to “universal health care”.
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