How Much Money Does the 1% Have Hidden in Tax Havens?
UC Berkeley professor Gabriel Zucman is doing pathbreaking work on tax havens. HIs estimates of how much the rich hide in them are eye-popping.
Read more...Category Archives: Free markets and their discontents
Michael Perelman: The Essential Handbook for Engineering an Unequal Society
While the thrust of Perelman’s post is no doubt familiar to readers, take note of how simple and few in number are the essential principles for creating a highly unequal society, and how easy it is to describe them them in antiseptic language.
Read more...The UK’s Money Laundering Mess (I)
The Billion Dollar Moldova Bank Scam: gateway to the UK’s money laundering mess
Read more...Harvard Business Review Ranks Amazon’s Jeff Bezos as Most Predatory CEO
A new Harvard Business Review ranking shows Amazon’s Jeff Bezos as being the top predator among CEOs.
Read more...Mark Blyth: “Austerity Cures Nothing”
This is a bracing, no-nonsene talk from economist Mark Blyth of Brown University, who is the author of Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century and Austerity: The History of a Dangerous Idea.
Read more...Don Quijones: Did the European Court of Justice Just Torpedo the Mother of All US Trade Agreements?
A European Court of Justice’s tough ruling on privacy may have tanked a toxic “trade” deal.
Read more...The Financial Sector is Too Big
Has the financial sector become too large, absorbing too many resources, and enhancing instabilities?
Read more...How Likely are Investor Suits Under the TPP?
This post is written from the perspective of Australia, and assesses the risk of Investor-State Dispute Settlement litigation. And one has to wonder how well those cheery assurances of “Nah, the US is never a target of these investor suits” will hold up in practice.
Read more...Right-Wing Urban Outfitters Now Asking Employees to Work for Free
Gawker caught out Urban Outfitters attempting to violate labor laws.
Read more...Trans-Pacific Partnership: Should the Key Losers – China and Europe – Join Forces?
Can China and Europe forge a pact to undercut the impact of the Trans-Pacific Partnership?
Read more...GXG Markets Fallout (I): Capital Venture Europe Sues GXG
The fallout from GXG Markets closure begins: Capital Venture Europe files a lawsuit
Read more...Michael Hudson on Parasitic Financial Capitalism
An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.
Read more...Market Liquidity in Liquid Markets: Pitfalls and Trends
Market liquidity is all about smooth and rapid executions of large transactions. But why is it hard to keep big markets liquid? This column looks at liquidity in fixed-income markets, assesses new trends (as well as the EU’s new market instrument rules), and makes recommendations to policymakers to avoid illiquidity – a timely reminder that the social costs of illiquidity should not be underestimated.
Read more...Who Needs Balanced Trade? Who Needs Balanced Budgets?
Who needs balanced trade? It’s time to challenge the premises of “trade” deals like the TransPacific Partnership.
Read more...Gaius Publius: What’s Called “Capitalism” Is Far from Any Model of Capitalism or Market
Tony Benn and Noam Chomsky take a hard look at what passes for capitalism.
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