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”

The Global Power Elite: A Transnational Class

This class is no longer bound to national concerns, only to the expansion of its own power. GIANTS: The Global Power Elite Greg Wiplert interviews Peter Phillips Real News  Dec 26, 2018 https://youtu.be/FsdJhSI63uQ Transcript: GREG WILPERT: It’s The Real News Network and I’m Greg Wilpert. Global inequality continues to intensify unabatedly. The richest one percent of … Continue reading The Global Power Elite: A Transnational Class

The Donald’s Trump Bump is 60% Gone

At Friday’s close fully 60% of the Trump Bump in the S&P 500 was liquidated. And we have some nice round numbers to show for it. by David Stockman  Anti-War December 22, 2018 The broad market index stood at 2140 just hours before the shocking 2016 election results were reported, and rose by 800 points from … Continue reading The Donald’s Trump Bump is 60% Gone

The Narrowness of Mainstream Economics Is About to Unravel

by Richard Wolff Truthout Nov 13, 2018 Recent extreme volatility and sharp drops in US stock markets underscore the instability of capitalism yet again. As many commentators now note, another economic downturn looms. We know that all the reforms and regulations imposed in the wake of the Great Depression of the 1930s failed to prevent both smaller downturns … Continue reading The Narrowness of Mainstream Economics Is About to Unravel