Category Archives: Free markets and their discontents

ChatGPT Is a Data Privacy Nightmare. If You’ve Ever Posted Online, You Ought To Be Concerned

More reasons to regard ChatGPT as CheatGPT.

Meatpacking. Healthcare. Housing Rentals. Industries Across the Board Using Tech to Fix Wages and Prices

DOJ says it’s going to crack down as lawsuits pile up against real estate Goliaths and US officially becomes a “rent-burdened nation.”

James Galbraith: The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response

Galbraith explains why conventional views of inflation are a particularly poor fit for recent price increases and produced bad policy

US Inflation Policies Slowing World Economy

The Fed is playing killer of the current inflation even though it isn’t set up to do so. That’s hurting a lot of innocent bystanders.

How the Left Should Exercise Power Once They Have It

Another episode in the long-running soap opera, “Can the Left Be Saved?”

Radhika Desai and Michael Hudson Discuss the Causes and Politicization of Inflation

Desai and Hudson debunk widely-believed, finance-and-elite-serving myths about inflation.

The Post-Covid Global Economy: Could Negative Supply Shocks Disrupt Other Fragile Systems?

Continuing shocks to the economy threaten the stability of democracies that already show significant signs of fragility

Viewing Ukraine Through the Davos Lens

The World Economic Forum, which concluded on Friday, provides clues as to why European leaders would sacrifice their national economies for the war in Ukraine.

Davos Elite Won’t Tackle Climate Crisis and Global Inequalities

Quelle surprise! Change on crucial issues of climate and inequality is unlikely to emerge from the World Economic Forum.

Google’s Stock Climbed After It Fired 12,000 Employees—But What Did They Get Out of It?

Tech companeis laying off tens of thousands of employees, underscoring their fixation on short-term performance metrics.

Monopsony in Professional Labor Markets: Hospital System Concentration and Nurse Wage Growth

elle surprise! “Growing consolidation in localized hospital markets appears to restrict nurse wage growth.”

Collapse Revisited: Climate Change and the Development of Middle-Income Countries

Middle income countries are unwilling to put groaf on hold to blunt climate change…and they do have a point given the lack of serious plans

Here is the Truth: Medicare Advantage Is Neither Medicare Nor an Advantage

“Medicare Advantage is a money-making scam. I should know. I helped to sell it.”

Defective Meters and Whistleblower Complaints Raise Questions About Gas Utility’s Profits

Following complaints, Oregon’s Public Utility Commission is investigating NW Natural’s meter testing program and billing practices.