Below you'll find a list of all posts that have been categorized as “Economy”
In the clever science fiction video game Bioshock, an Objectivist business magnate named Andrew Ryan (recognize those initials?) creates an underwater city, where the world’s elite members can flourish free from the controls of government. It is a utopian village that Ayn Rand and her hero John Galt would surely approve of, but unfortunately it ends up becoming a dystopian nightmare …
One. Seven Nobel Laureates in Economics Endorse the higher minimum wage to $10.10 by 2016, saying it does not lead to lower fewer jobs. Two. Job losses from raising the minimum wage are negligible. Minimum wage has already been raised 23 times. Every time it was raised it was opposed by some few who said “it is going to lose jobs and …
The battle between the ‘haves’ and ‘have-nots’ of global financial policy is escalating to the point where the ‘haves’ might start to sweat – a tiny little. This phase of heightened volatility in the markets is a harbinger of the inevitable meltdown that will follow the grand plastering-over of a systemically fraudulent global financial system. It’s like a sputtering gas …
A few weeks ago a Colorado grassroots group, Be the Change, of which I am a board member, sponsored an all -day conference on public banking. I know, it sounds like the equivalent of an all- day climate debate between aging Republican Senators, but the public banking concept may have some value, it might even surprise you. Indeed, it …
Oakland, CA — Every spring for the last fifteen years, the World Bank has organized the “Conference on Land and Poverty,” which brings together corporations, governments and civil society groups. The aim is ostensibly to discuss how to “improve land governance.” Whereas the 16th conference will take place in Washington D.C. from March 23 to 27, hundreds of civil society organizations are …
UK, Australia, New Zealand, Singapore and India All Sign On … South Korea Next? This week, 2 major U.S. allies – 2 of the “Five Eyes” – have disregarded American please and joined China’s development bank … a new alternative to the US-dominated IMF and World Bank lending order. (A third member of the Five Eyes – New Zealand – previously signed …
Despite the practical failures of free-market economics, too many mainstream economists have continued to embrace simplistic ideas about how the economy works. Such ideas are often rooted more in ideology than in evidence. These beliefs and the policies that follow led directly to the 2008 financial crisis and the Great Recession. They also centrally contributed to the nation’s subpar performance …
The United Nations, large NGOs and lots of big corporations are gearing up to tell the world that we can eradicate global poverty by 2030. As a new paper by the economist David Woodward confirms, however, this claim is so far from reality that it deserves the label of cynical hype. The UN is currently coordinating a grand manoeuver of immense …
“There are no nations…. no peoples…. no Russians.. no Arabs…no third worlds…no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multi-variate, multi-national dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels. It is the international system of currency which determines the totality of life on this planet. That is the …
Capitalism is by nature based on intense, and often destructive, competition. Not only between capital and labor, but between capitalists themselves. But not all competition is the same. There is competition when the global economic pie is growing; and there is competition when it is stagnating or declining. And in recent months signs are growing that new forms of more …
