Tag: Free markets and their discontents

Boeing Sells 0 Planes on First Day of Paris Air Show v. 123 for Airbus, Yet Boeing Still Pushing for More Weakening of FAA Standards Via Greater Use of Computer Testing

Boeing execs must be smoking something very strong. The manufacturer first tried blaming pilots for its two 737 Max crashes, even after groundings by airline regulators showed they thought something was wrong with the plane. Even as of this week, CEO Dennis Muilenberg has only gone as far as admitting to being “not consistent” in […]

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Bad Loans Still Too High at Eurozone Banks, ECB Warns

Yves here. This post describes how efforts to tackle the bad loan problem at Eurozone banks have made a dent, but still leave banks in countries that had a high level of non-performing loans at considerable risk. That matters because the EU implemented banking “reforms” which became effective in 2016 called the Bank Recovery and […]

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Economic Growth: A Short History of a Controversial Idea

By Gareth Dale, who teaches at Brunel University. He publishes occasionally in The Ecologist. This article includes passages from previously published texts, including ‘The tide is rising, don’t rock the boat!’ Economic growth and the legitimation of inequality (2018), Seventeenth century origins of the growth paradigm (2017), and The growth paradigm: A critique (2012). Originally […]

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Revealed: Americans Care More About Social Needs Than Deficits

Yves here. It’s frustrating that writers treat it as news that Americans want more social spending. It’s another example of how positions presented in the media as mainstream are actually to the right of the center of gravity of political opinion. As Richard Kline wrote in a classic post, Progressively Losing: “Progressive goals are not […]

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The Poor Who Are Not With Us

America has a bad case of poverty denialism. And no wonder. Being poor is stigmatized. In neo-Calvanist America, if you aren’t doing well, it must be the result of bad choices (like choosing the wrong parents) or not working hard enough. So many people in dire straits often feel compelled to underplay how bad things […]

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Eight Reasons Why Inequality Ruins the Economy

By Chris Dillow, an economics writer at Investors Chronicle. He blogs at Stumbling and Mumbling, and is the author of New Labour and the End of Politics. Follow him on Twitter: @CJFDillow. Originally published at Stumbling and Mumbling; cross posted from Evonomics I welcome Professor Sir Angus Deaton’s report into inequality. I especially like its emphasis […]

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As Developing Countries Reject Plastic Waste Exports, Wealthy Nations Seek Solutions

By Kate O’Neill, Associate Professor, Global Environmental Politics, University of California, Berkeley. Originally published at The Conversation Less than two years after China banned most imports of scrap material from abroad, many of its neighbors are following suit. On May 28, 2019, Malaysia’s environment minister announced that the country was sending 3,000 metric tons of […]

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Richard Murphy: For MMT (Long and Wonkish)

Yves here. Even though Richard Murphy is debunking some UK-based complaints (they don’t rise to the level of being critiques) about MMT, similar arguments come up in the US, so I thought his piece would be instructive on this side of the pond too. By Richard Murphy, a chartered accountant and a political economist. He […]

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FANGMAN Stocks Crushed by Potential “Unprecedented, Wide-Ranging Probe” into Google, Apple, Facebook, Amazon

Yves here. Who’d have thunk it? Curbing rentier capitalism would be bad for rentiers. It’s only recently that more and more economic research and press interest about the cost of monopolies has taken the sheen off tech giants like Google and Amazon as it becomes increasingly obvious that their outsized results result from the abuse […]

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Why Democratic Presidential Candidates May Have to Choose Between Teacher Pay Raises and Charter Schools

By Jeff Bryant,  a writing fellow and chief correspondent for Our Schools, a project of the Independent Media Institute. He is a communications consultant, freelance writer, advocacy journalist, and director of the Education Opportunity Network, a strategy and messaging center for progressive education policy. His award-winning commentary and reporting routinely appear in prominent online news outlets, […]

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Lawmakers Push To Stop Surprise ER Billing

Yves here. This article is a bit fuzzier than I’d like on the details of how the proposed California legislation to bar balanced billing would work, and past failures to halt this practice says that details matter. However, as I read this piece, the intent is make health insurance work like old-fashioned indemnity plans, at […]

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Is Conservatism Running on Brand Fumes?

A provocative article in the Guardian, ‘A zombie party’: the deepening crisis of conservatism, is a must read. I am going to focus on a few key observations rather than attempt to summarize it. Among other things, it also gives some perspective on Brexit, about which I ought to be Saying Something. But we are […]

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Why Martin Wolf Is Wrong on Modern Monetary Theory (MMT)

Yves here. I’m glad Richard Murphy did the heavy lifting on Martin Wolf’s comment today on MMT. A small point: Murphy remarks that he believes that Wolf got something wrong “deliberately”. That might seem like a stretch. But I imagine that Murphy has been reading Wolf regularly longer than I have, and I can point […]

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UBI Without Quality Public Services Is a Neoliberal’s Paradise

By Rosa Pavanelli, General Secretary of Public Services International (PSI) and chair of the Council of Global Unions. Originally published at openDemocracy From tech-billionaires to Socialist leaders, Universal Basic Income has caught the imagination of many across the political spectrum. This mechanism, which would give everyone regular cash payments that are enough to live on, […]

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What Does It Mean to Live in a Multipolar World? We May Be About to Find Out

Yves here. A teeny quibble re Marshall’s fine piece on our multipolar future. It’s hard to square calling Russia’s’ integration of Crimea an “annexation” when Russia relied on the same process that we used with Kosovo. By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media […]

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Advertising as a Major Source of Human Dissatisfaction: Cross-National Evidence on One Million Europeans

By Chloé Michel, Portfolio Manager, Swiss Re, Michelle Sovinsky, Professor of Economics, University of Mannheim, Eugenio Proto Professor, University of Bristol, and Andrew Oswald, Professor of Economics, Warwick University. Originally published at VoxEU Although the negative impact of conspicuous consumption has been discussed for more than a century, the link between advertising and individual is […]

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Some Schools Shutting MBA Programs….But Don’t Cheer Yet

MBA enrollments have been falling, and one of the side effects is that some MBA programs are going the way of the dodo bird. But sadly, this does not necessarily mean that that MBA degree is in decline. Unfortunately, internet MBAs are skyrocketing. Now it may seem hypocritical for an MBA who clearly benefitted from […]

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The Faux Revolution of Mindfulness

Yves here. The packaging of “mindfulness” as a means for self-betterment has been a staple of the New Age for at least 30 years.  Some programs dangle the promise that if you become adept, you’ll become more successful, have better relationships…..even better sex.  And as is often true of cults, if you aren’t getting results, […]

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Beware Billionaires Bearing Gifts

By Leo W. Gerard, the international president of the United Steelworkers Union (USW). Produced by the Independent Media Institute. There’s a new Koch organization in town. Instead of trying to buy politicians to do the bidding of billionaires, as Charles and David Koch have historically done, this foundation will support community groups trying to cure […]

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