It is difficult to get a man to understand something, when his salary depends upon his not understanding it! –Upton Sinclair Schadenfreude is a dish best served, and MIT Professor and Larry Summers student Jonathan Gruber, who played a key (though conflicted) role in legislating both ObamaCare and ObamaCare’s precursor, RomneyCare, certainly had it coming. […]
Read more...Yves here. The success of seed companies in extracting rents from farmers, particularly in countries where subsistence farming is widespread, is yet another example of how corporations like Monsanto abuse intellectual property laws and monopoly/oligopoly power. For the most part, governments have by their inaction backed this scheme. And that’s before you get to the fact that GMO crops, as a former NIH biomedical researcher stressed to me, is a massive experiment being conducted on the public at large without consent or controls.
Don Quijones reports on a ruling in Mexico that has, at least for the moment, thrown a spanner in the seed companies’ plans by barring field trials of GMO crops due to environmental risks.
Read more...We are not setting the price. The market is setting the price. We have algorithms to determine what that market is.<
Read more...It appears that New Zealand’s company incorporation regime has soiled itself, lavishly, again. This time, the Russian mafia appear to be involved.
Read more...Normally, I don’t reproduce or excerpt from John Mauldin’s popular e-newsletters, but today he features a writer I particularly like, uber bear Albert Edwards of Societe Generale. To repurpose an old saw about pessimists, bears are bulls who have all the facts. Some of Edwards’ arguments, while well documented, aren’t new: employment stinks, the forward-looking […]
Read more...Reader Juan provided a well-argued and provocatively-worded critique of so-called market fundamentalism yesterday that I thought would provide grist for thought and discussion. The main argument in favor of less regulated commerce, both domestically, in the form of deregulation, and internationally, via more liberal trade regimes, is that it generates higher growth. Juan argues that […]
Read more...How Naked Captialism helps you learn to see through charlatans like mainstream economists.
Read more...Today’s Water Cooler: Dems deploy Blame Cannons for Ossoff loss, Kalanick defenestrated, London Whale, housing, shipping/retail concentration
Read more...How the Secena Effect explains climate change apathy among the elite.
Read more...A look at the increasingly expected AI bubble implosion and what the impact might be.
Read more...This is Naked Capitalism fundraising week. 752 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, PayPal, Clover, or Wise. Read about why we’re doing this […]
Read more...Trump may be launching not just one but two wars right after he and Hegseth proudly exhibited their nakedness before the military top brass.
Read more...California Governor Gavin Newsom is using a cringe-worthy “dark woke” approach to counter President Trump on social media that is getting positive poll results.
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