William J. Astore: The American Military Uncontained, Chaos Spread, Casualties Inflicted, Missions Unaccomplished
An important, sobering description of how US military overreach became institutionalized.
Read more...Search Results for: Can Uber Ever Deliver
Jonathan Gruber, ObamaCare, and “Stupid Voters”: It Couldn’t Happen to a Nicer Shill
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...Don Quijones: Judge Turns Monsanto’s Mexican GMO Dream Into Legal Nightmare
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...Matt Stoller: How Uber Creates an Algorithmic Monopoly to Extract Rents
We are not setting the price. The market is setting the price. We have algorithms to determine what that market is.<
Read more...New Zealand, Fresh From Its Service to Mexican Drug Lords, Helps Out the Russian Mafia
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...Albert Edwards: Market Still Deluding Itself That It Can Escape The Inevitable Denouement
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...Hoisted From Comments: Has Neo-Liberalism Failed to Deliver the Goods?
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...Naked Capitalism: An Incomparable Educational Institution
How Naked Captialism helps you learn to see through charlatans like mainstream economists.
Read more...Links 8/24/19
2:00PM Water Cooler 6/21/2017
Today’s Water Cooler: Dems deploy Blame Cannons for Ossoff loss, Kalanick defenestrated, London Whale, housing, shipping/retail concentration
Read more...Gaius Publius: Finding the Greater Fool — The Elite Logic Behind “Going Over the Climate Cliff”
How the Secena Effect explains climate change apathy among the elite.
Read more...Iran War: Trump Again Whiplashes, Threatens Sustained Bombing, Capture of Kharg Island, Then Touts Plan to Sign Not-Finalized Iran Memo; More on Oil and Metals Squeeze, Plus SpaceX, AI Tidbits
Today’s Iran war post: Trump would have us believe that his 39th “deal is nigh” promise means it is about to happen.
Read more...Iran War: Iran Launches New Strikes on Israel After Netanyahu Humiliated Trump by Ignoring Demand to Stand Pat; Ansar Allah Attacks Israel and Saudi Base, Makes Red Sea Threat; South Korea Swoon Adds to AI Meltdown; BREAKING Bab el-Mandeb Closed?
Today’s Iran war update: Iran and Israel exchange attacks rapidly as Trump blusters and the AI meltdown accelerates in global markets
Read more...Coffee Break: Centrist Win in California, AIPAC Loss in New Jersey, Platner Under Seige
Centrist Dems likely won in California, Trump lost and Schumer won in Iowa and Dem hacks turn on Graham Platner.
Read more...Iran War: Iran Pushes Back Against Trump “Deal Is Nigh” as More Evidence of US Failure Emerges, Including Gulf State Mini-Revolt, Even More US Base Destruction, Jet Fuel Price Rise Damage, Conservative Opposition to Trump Climbdown
Today’s Iran war news: The US again engages in market-manipulating deal head-fakery as more evidence of its weak position accumulates.
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