More Ian Welsh: “Why the Economy is Bad for Most People and Getting Worse”

From Ian’s October 6 blog entry : This is the second collation of articles on why our world is what it is, and how we can change it. Some of these articles are old, as I don’t write as much as I used to about economics because the decision points for avoiding a completely lousy [...]

Fired financial regulator releases secret tapes of Goldman Sachs meetings

Carmen Segarra, 41, said she began recording meetings because she couldn’t believe how the regulators bowed and scraped to the behemoth investment bank. The tapes were released to ProPublica and This American Life.

New York Daily News, By Ginger Adams Otis, September 27

A fired financial regulator whose job was to oversee Goldman Sachs for [...]

The United Kingdom Nearly Died for Margaret Thatcher’s Sins

The Scots got sick and tired of Thatcherite policies imposed from London.

The American Prospect, By Robert Kuttner, September 23

Why on earth did the Scots, largely quiescent as part of Great Britain for three centuries, suddenly become the mouse that roared?

It wasn’t because they became besotted watching re-runs of Braveheart or Rob Roy, [...]

Obama Despair

It seems like so very long ago, many of us here at The Agonist gave up on Barack Obama. It was long ago – six years now – which is a long time considering the progress the United States could have made had Obama been the leader he promised to be. My disillusionment was almost [...]

If You Had Told Me This Appeared on The Federalist Website….

…I would have laughed in your face. But it did:

Why abandon K-Street, and acknowledge, then reject, the Big Business perception of the GOP? They’ve had the Republican Party’s back for some time, right? In the past, the largest companies favored one party over the other because they understood a pro-capitalist, low-regulation government benefits [...]

Trans-Pacific Partnership talks going on in Ottawa

CBC, By Kristy Kirkup, July 3

Trade officials from Canada and other Asia-Pacific nations are meeting behind closed doors in Ottawa to discuss the Trans-Pacific Partnership, a massive free-trade proposal that could create one of the world’s largest trading blocks.

The TPP currently comprises 12 countries, including Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New [...]

The nagging fear that QE itself may be causing deflation

The Telegraph, By Ambrose Evans-Pritchard, June 4

The way we are going, the whole world will end up with zero interest rates or some variant of quantitative easing before long. Such is the overwhelming power of deflation in countries with burst credit bubbles. Such too is the implication of a global savings rate that has [...]

India likely to ease restrictions for foreign online retailers in July

Reuters, By Nandita Bose & Rajesh Kumar Singh, June 4

Mumbai, New Delhi – India could allow global online retailers such as Amazon.com Inc (AMZN.O) to sell their own products as early as next month, removing restrictions that have held back competition in one of the world’s biggest, and most price-sensitive, retail markets.

The decision, [...]

Saving Europe with MMT, or as goes Europe, goes the World…

Ian Welsh wrote, and we’ve commented, because while Ian provides penetrating analysis, there is no suggestion of solutions, for example those on which Marine Le Pen campaigns, which seem cogent: Restore the Franc, Restore Sovereignty, and Control Multiculturalism.

[...]

Piketty Fence

So I’m back from vacation and I keep seeing this name on my Tweeter and FacePlace feeds: Thomas Piketty.

Sounds vaguely Dickensian.

From what I gathered, Piketty wrote a book which proposes a new economic theory that would put paid to many of the basic notions that support capitalism.

[...]

The Great Expectancy

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Pax Americana continues to crumble before our eyes. The belief that the United States has a divinely-inspired obligation to police the entire world has always been most strongly held among Americans themselves; some of the beneficiaries of this largesse, such as the Vietnamese and most recently the Iraqis, never quite showed the gratitude America felt [...]

Capitalism simply isn’t working- here are the reasons why

The Observer/Comment is Free, By Will Hutton, April 12

Suddenly, there is a new economist making waves – and he is not on the right. At the conference of the Institute of New Economic Thinking in Toronto last week, Thomas Piketty’s book “Capital in the Twenty-First Century” got at least one mention at every session [...]

Neoliberalism, the Revolution in Reverse

The Baffler, By Chris Lehmann, The Baffler No. 24, 2014

By any reasonable measure, the neoliberal dream lies in tatters.

In 2008 poorly regulated financial markets yielded a world-historic financial collapse. One generation, weaned on reveries of home ownership as the coveted badge of economic independence and old-fashioned American striving, has been plunged into foreclosure, [...]

Obama’s Presidential Library Announced: Details

The White House announced today that the site for the Obama Presidential Library will be built in multiple cities, with multiple wings to the library, to continue the momentum of bipartisanship started under the Obama Administration.

A White House spokesman said :

We’re providing the list of cities and wings we can identify. In keeping [...]

One Last Bubble to Pop

Blowing Bubbles

It is becoming clearer what will be the likely cause of the next financial crisis. In a recent report to US banks issued by the Office of the Comptroller of the Currency (which regulates more banks than even the Fed does), the OCC has cautioned banks to limit their lending to highly-leveraged corporations. Further, the [...]

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