Economy

Economic Update: Hidden Failures of Capitalism

August 13, 2018

This week: Updates on Europe’s higher labor force participation; NY Governor Cuomo’s campaign is faking “small donations;” U.S. restaurants decline as pinched incomes force home delivery of food; how the “market” housing system causes homelessness; and how the U.S. educational system fails to overcome a racial wealth gap; Interview with Dr. Harriet Fraad on the…

US Policy Toward Global Internet Governance Is Misguided Says Richard Hill

August 13, 2018
Richard Hill recounts the US led large scale commercial implementation of the Internet based on ARPANET technology where a key public interest prerequisite, security, was missing to the present where vital public interest preconditions are missing in US e-commerce policy initiatives proposing free flow of data across national borders

Is Capitalism In Crisis? Author of ‘Karl Marx’s Capital and The Present’ Responds

July 7, 2018

The fundamental proneness to crisis under capitalism was not overcome in the Golden Age of Capitalism and crisis in the late 1960s ushered in an era of finance by opening new avenues for accumulating wealth and turning the illusory into real wealth says C.P. Chandrasekhar

Economic Update: Contradictions Coming Home

July 1, 2018

Updates on the exploding suicide rate in the US, irrational home-building reflects and worsens inequality, VA nurses sue because of overwork required but not paid for, Uihlein family gives extreme right wing candidates (including Roy Moore), mocking claims that this is a one-person-one-vote democracy, Interview with Eli Campbell on the exploding student debt issue and…

Bitcoin Frauds Keep Growing

June 19, 2018

William K. Black, June 18, 2018     Kansas City, MO One of the prime myths that white-collar criminologists have to refute repeatedly is that blockchain makes fraud impossible. Blockchain, in some settings, is a costly means of making some frauds much more difficult. Blockchain is useless against the most important frauds. The primitive worship of blockchain…

Economic Update: Standing Up

June 18, 2018

This week: Updates on China’s growing life expectancy; Ireland’s vote on abortion; the reality of unemployment in the U.S.; why Amazon offers a “quitting” bonus; Johnson and Johnson putting profits before public health; die-ins at Publix succeed; Macron gets union backlash; Poor People’s Campaign exposes US poverty; Canada joins the race to the bottom; and…

Should Banks Be Stripped Of Their Ability To Create Money? A Referendum in Switzerland

June 6, 2018
There is no easy monetary fix for the problems of modern capitalist economies says Jo Michell who argues that deep problems in the economy cannot be solved by trying to control the money supply while nothing is stopping the government from ensuring money gets created for good purposes, including government services and infrastructure