Democratic Sin Eaters
This is such a warped information space. You had Trump promising everyone everything — no taxes, lower prices, ponies for all — and never being taken to task about how to pay for any...
Tagged: economics
The One Percent
The total wealth of American households is estimated at more than $60 trillion. It is heavily concentrated in very few hands. A conservative estimate given the lifespans of Americans would be that 2 percent...
This Is What A Singularity Looks Like
Too fast, too furious. The people operating these weapons of mass financial destruction are engineering intentional market instabilities by destabilising exchange operations through basically dDOS financial attacks and are simply rent seeking (by camping...
Post-Post-Modern Capitalism
Finance is to our stagnant societies what the space race and the Cold War were to the Eastern Bloc countries of the 1970s and 80s – a huge cost that the state imposes on...
Fancy an Appy?
Fancy an appy? That’ll cost you between $1,529 and $186,955. JAMA By comparison, hip replacement seems like a bargain at only between $10,000 and $125,000. JAMA
Debt Crisis? No, Trust Crisis
Back in 2007/2008, when the Capitalist banking system collapsed generally and globally, most pundits at the time who were broadcast widely proclaimed it as a “liquidity” crisis. Simply step in to socialise the losses,...
That Notorious Redistributing Crypto-Marxist Adam Smith
The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively...
Karl On Bailouts
It is clear that there is a shortage of means of payment during a period of crisis. The convertibility of bills of exchange replaces the metamorphosis of commodities themselves, and so much more so...
Social Oilocracy
A boom in oil has [generally] led to a decline, if not a complete devastation, of conventional businesses … in Britain in the 1980s, after North Sea oil was discovered, the British industrial economy...
Liboration Theology
The cost of insuring against default on the bonds of Lehman Brothers, Merrill Lynch and other big banks and brokerages has surged over the last two weeks, threatening to reach the stress levels seen...