China Takes Step Against Securitization, Consumer Borrowing With Suspension of Ant IPO
With its smackdown of Ant and its billionaire founder Jack Ma, China has made clear that financiers do not call the shots.
Read more...Category Archives: Technology and innovation
Gig Worker Employment Fights Like Those in California Pit Flexibility Against a Livable Wage – But ‘Platform Cooperatives’ Could Ensure Workers Get Both
A proposal to improve gig worker bargaining power and solidarity.
Read more...Latest Election Stunt Proves Uber and Lyft Are Their Own Worst Political Enemies
Quelle surprise! Uber and Lyft are acting in bad faith in their struggles to get out of being classified as employers.
Read more...Latest Nobel Prize in Chemistry Demonstrates How the US Patent Office Screws Inventors
A high profile example of the train wreck called the US patent process.
Read more...Google/Fitbit Will Monetize Health Data and Harm Consumers
Top economists warn of the dangers of the propsed Google acquisition of Fitbit and look at possible remedies.
Read more...Wolf Richter: Nikola Hype Collapses, Shares Plunge Further, Founder/CEO Pushed Out. GM Swoons
This whole Nikola phenomenon was only possible in a market gone willfully blind and nuts.
Read more...As Boeing Inches Toward 737 MAX Recertification, 787 and Lunar Lander Go Sour, Charleston v. Seattle Looms
Boeing, Boeing…..
Read more...Robert Pollin: Biden Not Phasing Out Fossil Fuel, Relies on Carbon Capture
Robert Pollin critiques the Biden climate plan for over-relying on unproven carbon capture, investing too little in solar and wind, and treating China as a rival.
Read more...Robot Generals: Will They Make Better Decisions Than Humans – Or Worse?
The odd idea of replacing generals with AI is getting a hearing.
Read more...Fed Economists Finger Monopoly Concentration as Underlying Driver of Neoliberal Economic Restructuring; Barry Lynn in Harpers and Fortnite Lawsuit Put Hot Light on Tech Monopoly Power
Some good work on monopoly is marred by the bizarre inclusion of Uber. Its predatory pricing is the result of deep pockets and ideology, not potential market power.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty-Three: Uber’s Already Hopelessly Unprofitable Economics Take A Major Coronavirus Hit
The press is still refusing to depict Uber accurately, as a rotting corpse.
Read more...Crapification, Vanguard Style: Customer Service Rep Bullies Your Humble Blogger into Taking Security Risk
Vanguard behaves very badly.
Read more...Why Taiwan Is at the Heart of a Geopolitical Struggle to Produce Cutting-Edge Computer Chips
Why Taiwan could serve as a prototype for a tech proxy war.
Read more...Is Silicon Valley Nudging Us Towards an Authoritarian Future?
Why it is not crazy to worry about Silicon Valley.
Read more...Boeing 737 Max Ungrounding Pushed Back Again; WSJ Sources Say Early 2021
Moar bad news for the 737 Max.
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