American Compass is a self-described think tank for conservative economics. From its Mission Statement page: “We are developing the conservative economic agenda to supplant blind faith in free markets with a focus on workers, their […]
A key part of the description of capitalism in orthodox (neoclassical) economics, and our political rhetoric, is the role competition between companies plays in keeping the automatic self-regulation of markets humming for the most efficient […]
Much is made here and elsewhere of the extreme concentration of wealth in the top 1% of the world’s population (63 million people) and perhaps most excessively in the top 0.1%. Now, we must also […]
This week’s fraud trial appearances by the Trump boys, Don, Jr. and Eric, Executive VP and Executive VP of Development and Acquisitions respectively in the Trump Organization, caused me to reflect on the duties of […]
Google turns 25 today. It has a surprisingly benign public image. Google describes its mission as: “Our mission is to organize the world’s information and make it universally accessible and useful.” Forgotten or ignored is […]
Only the oldest amongst my readers will remember Edward R. Murrow’s 1960 CBS TV report Harvest of Shame (opens CBS channel on YouTube) that reported on migrant farm workers, including scenes from upstate NY and Long […]
Reich is offering an online course, “Wealth & Poverty”, that started today. I watched the first lecture, “What Happened to Income and Wealth?” Looks like this will be worth some ongoing effort. I suggest being […]
monopoly, antitrust, trust, economy, US economy, Zephyr Teachout, Break’em Up, competitive markets, monopoly market, economic concentration, big tech, chickenization
Nobel Prize winners Duflo and Bannerjee take on idealized views of markets. They target the role of financial incentives, markets as self-correcting, efficient and ethically sound.
Robert Reich is continuing his series of brief YouTube videos on progressive view of the economy. This is a good introduction to the arguments for re-invigorating our protections against monopolies. However, the problem is much […]
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