The Myth of Maximizing Shareholder Value
So many of the assertions made about “maximizing shareholder value” are false that they should be assumed to be a lie until proven otherwise.
Read more...Category Archives: Taxes
Can Chile Reform the Neoliberal Model?
Chile is often a social laboratory that gives an advance view of what is coming……
Read more...Obama Lame Duck Watch: House Democrats Stymieing Trade Deal “Fast Track;” Silicon Valley Surveillance Payoff Language Published
As we discussed earlier, even though there’s abundant evidence that the Administration’s plans to push through its trade deals, the Trans Pacific Partnership and the Transstlantic Trade and Investment Partnership, are in trouble, the official messaging has been to keep pretending that the pacts are still moving forward smartly.
Read more...Diagrams and Dollars: Modern Money Illustrated (Part 1)
Yves here. I continue to get requests to explain Modern Monetary Theory. It isn’t easily done in a few words, but fortunately, the academics and writers associated with the New Economics Perspectives blog keep publishing primers of various sorts. This one takes a different approach in using visuals to help illustrate the difference between how most people believe the money system operates versus how it really works.
Read more...Slate Tries Presenting Amazon’s Abusive Warehouse Jobs as Great Opportunities
A mere day after strikes at Amazon warehouses in Germany, which caught the attention of the media in the US, Slate ran as its lead piece in Moneybox an article that bears all the hallmarks of being a PR plant: Amazon Warehouses Are the New Factories.
I suspect the author, Emma Roller, wouldn’t recognize a factory if it fell on her.
Read more...How the Budget Deal Perpetuates Austerity Policies
Yves here. This Real News Network segment provides an overview of the budget deal, cutting through the hype to lay bare its impact on ordinary Americans. It’s not a pretty picture.
Read more...New Study Confirms that Lower Corporate Tax Rates Don’t Create Jobs
orporate executives love to peddle the notion that they need to have their low tax payments reduced even further, even as the share of GDP represented by company profits is at unprecedentedly high levels.
Read more...The Skunk Party Manifesto
The best political system that money can buy is doing a great job for its customers and a lousy job for the rest of us.
Read more...Obama Wants to Cut Social Security
Yves here. The headline is hardly news, at least if you’ve been paying attention, but this post does a great job of debunking arguments against Social Security, particularly ones designed to stoke generational warfare.
Read more...Robin Hood Tax: How Reformers Sabotage Themselves with Terrible Branding
If I were a still a Wall Street type, I don’t think I could have done a better job of sabotaging an effort to impose transaction taxes on big financial firms than the left has managed to do itself with lousy branding.
Read more...US Infrastructure Spending Plunges
I’m normally not big on “one chart says it all” posts, but this one is so striking I made an exception.
Read more...Attention: Deficit Disorder and the Real Crisis Ahead
Yves here. This article focuses on the critically important of how the real danger to the economic welfare of young people is not the cost of retirement programs like Social Security and Medicare but the failure to generate enough jobs now and invest in infrastructure and education.
Read more...Our New Piece at Aljazeera: “The shutdown is over, but the austerity fight continues”
I hope Naked Capitalism readers will check out our new article at Aljazeera, The shutdown is over, but the austerity fight continues.
Read more...Bill Moyers and Martin Wolf of the Financial Times Discuss Debt Ceiling Brinksmanship, Coming Budget Talks
The latest Bill Moyers broadcast features the widely-respected lead editorial writer of the Financial Times, Martin Wolf, who discusses the Federal shutdown/debt default negotiations and the prospects for the coming budget talks.
Read more...Who Should Young People Throw Under the Bus: Granny or Billionaire Hedgie Stan Druckenmiller?
Without attempting to wade too deeply into the goo of Friedman’s latest column, let’s limit ourselves to the the fact that Friedman is running PR for former Soros Fund Management lead investor Stan Druckenmiller. The column also serves to illustrate how Serious People like Friedman were ready to jump on the deficit cutting bandwagon once the shutdown/debt ceiling drama was put to rest for a bit.
Druckemiller’s latest cause is to foment generational warfare.
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