What happens when death becomes profitable? Like in buying specially-discounted bonds using a terminally ill person to get the discount. This happening. Now. What could possible go wrong (except if granny takes an unfortunate stumble down the stairs, that is…)
Senator Corker defends loan sharks. In a bizarre coincidence, they are major players in his state [...]
Posts Tagged ‘capitalism’
Predatory capitalism goes wild
The Father of Capitalism did not believe in unrestrained capitalism
Adam Smith believed governments can and should intervene, that oversight is crucial, and excess political influence from economic power was dangerous.
Of course, what we have now is hardly capitalism, but more like a kleptocracy where money gets siphoned to a few who are stealing from the many.
With high-frequency trading dominating the market, frontrunning, permanent bailouts, [...]
The Jones Report
We’re all familiar with the Dow Jones Report. What about a Jones Report? A report on the average American. Is she working? Does he have health care? Does the average American have basic access to the essentials of life?
The Tragedy of the Commons not so tragic after all.
Elinor Ostrom became the first woman to win the Nobel in Economics earlier this week. Her work refuting the “Tragedy of the Commons” validates basic anarchist and Left Libertarian principles. For those of us trying to look beyond the magic of the market and the inherent problems with government regulation her work provides some great [...]
The Gospel according to Goldman
As a graduate in theology, I was interested to read that Goldman Sachs believes the Gospels promote self interest.
However, I have learned there is an apocryphal basis for that position. It turns out that biblical archaeologists have unearthed a little-known text that offers a somewhat different understanding of the teachings of Jesus. In this new [...]
More on Capitalism A Love Story
Joseph Childers thinks Michael Moore blew a huge opportunity to get some truth and real debate out there.
Michael Moore has wasted not just millions of dollars and two hours of my time. He’s wasted a once-in-a-lifetime opportunity We are at an unprecedented moment in history right now: where the corrupt and immoral economic superstructure we [...]
Capitalism is Dying. James McMurtry
James McMurtry, “We Can’t Make It Here Anymore.”
Singer James McMurtry’s, “Capitalism is Dying” essay on Blurt.(These are excerpts, read the whole thing)
Capitalism is dying, boy. It’s dying of its own internal contradictions.[He was, after all, a Wall Street financier, so I listened carefully.] You think the revolution’s gonna take five years. It’s gonna take fifty! [...]
What we have now isn’t capitalism
(By DJ, promoted from the comments here to America’s love affair with capitalism a fatal attraction?)
Before we talk about America’s self-destructive love affair with capitalism, we need to define it. So many still fail to make the distinction between capitalism, as envisioned by its “father” as markets regulated by a central government, and economic anarchy [...]
America’s love affair with capitalism a fatal attraction?
Byron DeLear, who I knew when we both lived in LA and he ran for a House seat as a Green, just kicked off his debut in Examiner with a column on Michael Moore’s new movie.
The failures of the S&L crisis, Enron, subprime mortgages, Bear Stearns, Lehman, AIG, reveal a deeper social pathology; an epidemic [...]
Why the Austrian, Keynesian, Marxist, Monetarist, and Neo-Liberal economists are all wrong
I’m continually stuck at how financial blogs are 1) providing the most incisive analysis of the current crisis and 2) are getting seriously pissed at what’s happening. They genuinely thought our markets were free and open. Now that it’s become obvious to all that the game is rigged (and at the highest levels too), such [...]
Socialism for the rich. Capitalism for the rest
Goldman’s new ‘American Socialism Manifesto’
8 ways ‘The Conspiracy’ is destroying our American democracy
In “Bailout Nation,” hedge fund manager Barry Ritholtz summarizes this clandestine takeover of the great American democracy, led by Paulson and the Goldman Conspiracy juggernaut. In less than a year America has become “Socialism for the Rich! Capitalism for the Rest,” says Ritholtz.
While [...]
Has the left blown its big chance of success?
That’s what Andy Beckett asks in The Guardian, after going to the Marxism 2009 conference in London.
The collapse of unfettered capitalism should have been a golden opportunity for the left. So where did it all go wrong?
Indeed. The left should be all over the current crisis of capitalism. Evil bankers. Rampant exploitation. An elite few [...]
Could the great recession lead to a great revolution?
Christian Science Monitor
For the first time in generations, people are challenging the view that a free-market order – the system that dominates the globe today – is the destiny of all nations. The free market’s uncanny ability to enrich the elite, coupled with its inability to soften the sharp experiences of staggering poverty, has pushed [...]
Capitalist blogs rage against exploitation. Far left snoozes
Is SLP the NYSE’s answer to Direct Edge’s “Advance Look” Enhanced Liquidity Provider Program or You Trade You Lose, You Trade Goldman Wins
So says Zero Hedge in yet another stunning blog post, this time on how major stock exchanges have, in effect, preferential tiered private clubs that allow the wealthy and connected to get better [...]
Goldman Sachs to make record profits. Far Left asleep.
The whispers are rampant: Goldman Sachs earnings are gonna top $2 Billion in Q2.
Goodness, is that because Goldman uses their connections with the federal government to create trading programs that allow them to exploit what they know the next trades will be, when no one is allowed too? Or is it because of their their [...]
