Law Review Article Describes Private Equity as Bargaining Failure, Indictment of Law and Economics Fetishization of Contracts
An important new paper puts another big chink in private equity’s armor.
Read more...Category Archives: Free markets and their discontents
Matt Stoller: #OccupyWallStreet Is a Church of Dissent, Not a Protest
Trying to clear up the rear-view-mirror takes on OccupyWallStreet, ten years later.
Read more...Can the Economy Afford NOT To Fight Climate Change?
Yves here. If humans are fortunate enough merely to suffer a Jackpot rather than a full-bore collapse, perhaps future historians will try to make sense of why individuals and governments did pretty much squat to prevent climate change even when they recognized it really was well underway and would produce very bad outcomes. I imagine […]
Read more...A Football World Cup Every Two Years? An Expert Runs the Numbers
FIFA has floated a proposal to hold the football World Cup every two years rather than every four. Will the overall effect be a positive one for Fifa’s income?
Read more...Sports Desk: Top College Athletes Strike Endorsement Deals; Meanwhile, the NCAA Seeks to Influence Pending Federal Legislation
The NCAA has changed its rules so that student-athletes can profit from commercial endorsement deals that use their names, images, and likenesses.
Read more...Why the Rich Get Richer and Interest Rates Go Down
A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.
Read more...Elite Educators Have Milked the System for Long Enough
As the pandemic deepens inequality, it’s vital to dismantle the system that gives state schools no chance against elite peers
Read more...Neoliberalism Is Dying – Now We Must Replace It
From taming Big Tech to competing with China, Western governments are retreatig from neoliberalism. But what comes next?
Read more...‘America Has a Monopoly Problem’: Coalition Backs Legislation to Break Up Big Tech
Anti-monopoly interests have proposed a series of bills to give regulators more power, particularly with respect to tech.
Read more...Behold the Watered Stock’s New Variant!
Back to the future! Welcome to the successor to a 19th century favorite, watered stock.
Read more...Michael Hudson v. George Soros on China’s Rejection of “Market” Capitalism
Soros has a hissy over China’s Xi no longer wanting to play nicely with foreign investors.
Read more...Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis
On how imperialism enabled exploitation of labor in the global South, and then pressure on worker wages in advanced economies.
Read more...Could California End Up With a Trump-Like Governor?
How much should Californians worry that Larry Elder, a politically inexperienced, hard core right winger, might become governor?
Read more...Imperialism Then and Now: Drain of Wealth, Depression, The Role of the State and Globalization
Yves here. This is the second section of the GPENewdoc historical series on imperialism and capitalism. You can find Part 1 here. By Lynn Fries. Originally published at GPENewsdocs Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the […]
Read more...Imperialism Then and Now: Wealth, Unemployment and Insufficient Demand
Prabhat Patnaik on imperialism and capitalism: to accumulate wealth, somewhere demand must be suppressed to provide cheap inputs.
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