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: Economics
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 closedBy 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…
Comments closedI read a lot. Everyday. Mostly books about economics/political economy/history/climate change. Additionally, I read at least an article a day about similar issues, but also occasionally read other things like novels, movie review articles, and literary essays. This has made me just as good at collecting books (and papers and…
Comments closedThere’s plenty of charm and a certain amount of feel-goodness in SimCity. There’s a playlist of soothing, lyric-free house music that renders the gameplay therapeutic if played at the right pace. There’s a playful and customizable mix of attention-grabbing maps, creative tools, cultural buildings, terrains, and city resources coming together…
Comments closedDespite the popular wisdom that shareholders of a firm are its true owners, there is no sense, legal or otherwise, to which this is true. This post will serve to survey some of the political science literature and the contemporary legal scholarship which I believe thoroughly debunks the shareholder value…
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 closedStereotypes are positive and negative. But no matter the distinction, they are always harmful to someone. Like all stereotypes, there exists several unfounded, uncritical and plainly false ideas about how a particular person, apparatus, system, work which then culminate into a belief system. In the case of capitalism (or the…
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Has the Law Really Been About Protecting the Aggregate Welfare of the Consumer?
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