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…
Comments closedTag: corporations
Every facet of American life revolves around profiteering like it’s mandated by God, where giant companies exist in highly consolidated markets in attempt to swallow them whole. As if it were not enough to ruthlessly push out competitors and erect high barriers to entry for startups and small businesses, these…
Comments closedOne 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…
Comments closedThe whole of social science and legal research offers vast amounts of evidence to disabuse any notion that free markets exist anywhere in a capitalist society. Everyone from non-economists to the general public cannot escape this reality. We as individuals have no choice but to exist under capitalism because it…
Comments closedThere is perhaps no more effective way to centralize (in writing) the climate disaster humans have put ourselves in other than talking about it using the most urgent language. Climate change and its effects on humanity is arguably the most pressing and consequential problem of our time and will continue…
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