The Moral Hazard of Limited Liability
Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.
Read more...Category Archives: Free markets and their discontents
Industrial Policy Coming Into Vogue After China Cleans US Clock by Using It
Industrial policy is an idea whose time has arrived in DC. Too bad the thinking seems stuck in the fad-chashing phase.
Read more...Grassroots Fight for $15 Movement Has Won $150 Billion in Raises for Millions of Workers, Study Shows
The campaign to raise the hourly wage to $15 has been racking up successes, even if the press doesn’t much take notice.
Read more...The Infinite Loop of Empty Direct-to-Consumer Branding
Taking note of a weirdly hollow millenial-focused consumer brand type.
Read more...CDC Reversal on Masks, Vaccinated as Covid Spreaders, While Boosters Look to Be Coming Late and Not Hugely Effective
If you weren’t worried about Covid, you should be, between rising infections and evidence of CDC incompetence.
Read more...Aducanumab: The Drug That Breaks Medicare?
Biogen plans to price-gouge for the barely-effective Alzheimer’s drug aducanumab to such a degree that it could bust Medicare.
Read more...Andreas Malm Versus Property: ‘Because Nothing Else Has Worked’
Is going after property the only viable option for containing climate damage? Andreas Malm thinks so.
Read more...Competition from Online Platforms and the Impoverishment of Newspapers
How the Internet killed newspapers.
Read more...Beware of World Economic Forum/Gates UN Food Systems Summit Trojan Horse
The Gates Foundation and the WEF are steamrolling normal UN processes as part of a campaign to discredit sound agroecology practices.
Read more...Private Equity Now Buying Up Primary Care Practices
Private equity is doing yet more damage to heath care as it buys up primary care practices en masse.
Read more...Artificial Intelligence Wants You (and Your Job)
Yves here. Two things about increased automation frost me. One is its stealth or main purpose as forcing planned obsolescence. So irrespective of the impact on job/labor content, any savings won’t necessarily accrue to users. Two is automation/AI serving as an excuse to shift costs and tasks onto consumers. How many times do customer service […]
Read more...Financial Times: “Things Could Fall Apart for Biden”
Even Biden loyalists are getting nervous.
Read more...Reconstructing US-China Relations
Can the US and China be friends, or at least not so hostile? Jeffrey Sachs has some ideas.
Read more...How Monopoly Was Invented to Demonstrate the Evils of Capitalism
Monopoly iencourages its players to celebrate exactly the opposite values to those its inventor intended to champion.
Read more...Asset Strippers Are Preparing to Feast on Britain’s Covid-Ravaged Economy
Armed with record piles of cash, private equity firms are scouring the globe for vulnerable prey. British companies, such as Morrisons, are top of their list
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