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Category: Economics

We Should All Be Advocates For Public Banking

Private banks, with their myriad functions and qualities—like being deputized by the federal government to disburse loans and engage in activities that resemble money creation—don’t exist to advance public good. They exist to rake in exorbitant profits for themselves, proving time and again they’ll do anything in their power to…

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The U.S., Tax Paradise.

By now we’ve had time to soak in the release of some earth-shattering information about corruption and wealth hoarding abetted by the shadow finance industry in the Pandora Papers, from the research highlighting wealth hoarding of the country’s top 1% and massive corporate profits resulting from generous taxation policy and…

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Ecosocialism & Anti-monopoly: Mutually Reinforcing Agendas to Save Our Planet

There’s little doubt in our minds that capitalism, ruthless and brutal as it is, will survive if we cannot build a strong, countervailing coalition on the Left. Failure to hold our leadership to account comes at the costs of harsher inequality and the accelerated destruction of the planet. I submit…

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There is No Labor Shortage, There is a Wage Shortage. Raise The Minimum Wage.

President Biden spoke yesterday responding to questions about the nation’s supposed “labor shortage.” “Pay them more,” he urged employers across the land on national television. I wonder if there are any other policy options besides trusting private industry not to exploit and squeeze their workers. Other than the ridiculousness of…

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Competition

One problem with the way antitrust doctrine is applied today in courts, which itself is an ahistorical interpretation of the law, is the way judges apply the “principles” of economics to their legal analysis of monopoly (anticompetitive) harms, harms sustained by immense market power. The standard, popular threshold to measure…

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