Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

February 2, 2012

Yale Business School's Jonathan Macey on the Daily Show

It's interesting how he comes on to make the point that capitalism isn't a rigged game, and then in explaining how capitalism really works, demonstrates how rigged it is.

And now you Ron Paul libertarian types are going to rush to Capitalism's defense. You're talking about Markets. Markets and Capitalism are not the same thing and should not be conflated. So shut up and watch the interview.

Part 1



Part 2



Part 3

June 11, 2010

Tom Toles: Out of Sight, Out of Mind



I can always count on Tom Toles to have a clever turn on current events.

As he points out here, spilling oil into our air isn't any better than spilling it into the ocean.

We need a new energy economy. We need a Green New Deal.

October 29, 2009

Mr Anti-Regulation, Alan Greenspan, calls for Trust-Busting


U.S. regulators should consider breaking up large financial institutions considered “too big to fail,” former Federal Reserve Chairman Alan Greenspan said.

Those banks have an implicit subsidy allowing them to borrow at lower cost because lenders believe the government will always step in to guarantee their obligations. That squeezes out competition and creates a danger to the financial system, Greenspan told the Council on Foreign Relations in New York.

“If they’re too big to fail, they’re too big,” Greenspan said today. “In 1911 we broke up Standard Oil -- so what happened? The individual parts became more valuable than the whole. Maybe that’s what we need to do.”

[Read the Full Article After The Jump]

October 10, 2009

The Coming Collapse of the Middle-Class



Distinguished law scholar Elizabeth Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class.

May 27, 2009

Kucinich on The Ed Show



Kucinich on The Ed Show: discusses torture photos and legislation to create national policy stating that the maintenance of steel, automotive, aerospace and shipping is vital to our national economic security and our national defense.