Share Buybacks and the Contradictions of “Shareholder Capitalism”

by Julius Krein  American Affairs Dec 13, 2019 In the jargon of finance, America is suffering from a capital allocation problem. The country seems incapable of making the necessary investments to fuel future productivity and growth, or to ensure widespread prosperity. At the government level, public spending on basic research and development as well as … Continue reading Share Buybacks and the Contradictions of “Shareholder Capitalism”

This Is How the Republican Party Plans to Destroy the Federal Government

The Overthrow Project existed before Trump, but it may not survive his presidency. By Herbert J. Gans Nation Before moderate Republicans became members of the Democratic party, the GOP advocated limited government. Today, however, President Trump is pursuing a radical shrinkage of the federal government that comes close to overthrowing it entirely. The goal of this … Continue reading This Is How the Republican Party Plans to Destroy the Federal Government

Time for Yellow Vests in the US

by PAUL STREET CounterPunch  JANUARY 23, 2019 Here are seven things you won’t hear much if anything about in the reigning corporate media regarding the ongoing record-setting partial shutdown of the United States federal government: 1: The Longstanding Neoliberal War on “Big Government” A proper understanding of the shutdown in relation to the longstanding capitalist … Continue reading Time for Yellow Vests in the US

Can the Senate Decline to Try an Impeachment Case? What if They Decide to Break the Government Some More?

by Bob Bauer LawFare  January 21, 2019 Scene from the impeachment trial of President Andrew Johnson, held in the Senate Chamber in 1868 (Source: Frank Leslie's Illustrated Newspaper) Does the Senate have an obligation to conduct a trial of the president if the House impeaches him? With the increased prospects for an impeachment inquiry now that the Democrats have … Continue reading Can the Senate Decline to Try an Impeachment Case? What if They Decide to Break the Government Some More?

Why We’re All Better Off Working for the Collective Good

“Rational self-interested maximizers” ruin the world… by Nathan Robinson Current Affairs Jan 19, 2019 One of the most damaging popular ideas is the belief that the best outcomes emerge from everyone pursuing their “self-interest” in a free market. There is a kind of “folk libertarianism,” affirmed even by people who do not self-identify as libertarians, that … Continue reading Why We’re All Better Off Working for the Collective Good

A Moral Tale of Economics

Twilight of the Money Gods: Economics as a Religion and How it all Went Wrong by John Rapley Aeon Jan 9, 2018 Think of human development as a long journey. At the beginning, we live at the mercy of nature. Dependent on its bounty, we pray for rains and freedom from natural disasters and plagues. At the … Continue reading A Moral Tale of Economics

Neoliberalism: Free Market Fundamentalism or Corporate Power?

  by Richard Moser Be Freedom  Jan 10, 2019 I’ve been hearing about neoliberalism for a long time now and never could make much sense of it. It turns out the story we tell about neoliberalism is as contradictory as neoliberalism itself. Two currents within the critique of neoliberalism offer different analyses of the current … Continue reading Neoliberalism: Free Market Fundamentalism or Corporate Power?