corporatism

This year's winner for Best Documentary is "Inside Job' by Charles Ferguson. In accepting his Oscar, Ferguson said: "Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by…

A corporation is a societal construct codified into legal existence to further the mutual interests of individuals. A corporation is "an artificial being, invisible, intangible, and existing only in contemplation of the law," according to…

While today is a national holiday in the United States, in remembrance of Dr. Martin Luther King Jr., it is also the 50th anniversary of former US President Dwight D. Eisenhower's famous farewell presidential address. Ike's speech warned…

Today's best financial news links from around the web. Featured posts are on Chinese inflation and suits against banks and bank agents for allegedly breaking into homes to wrongfully evict homeowners. We also have the Saxo Bank outrageous…

Of course they are. Watch this clip of Eric Schmidt to hear what he says in this regard. Is his experience in the telecom and technology space any different than what happens in the financial services space? The other quote that I found…

This is me thinking out loud (on paper). Comments are appreciated. During crisis we often see economics come toe-to-toe with ideology because government becomes a more openly active player in our lives. This crisis has been no different.…

I fully support deficit spending as a means to prevent a debt deflationary spiral in a deep downturn.  However, there are limits to what stimulus can actually do. Stimulus is no panacea for an unbalanced economy. In particular, when…

It seems Ron Paul is on to the Obama neo-liberal con game

Earlier today, I had a brief e-mail exchange with Marshall Auerback in which I said that I had basically thrown in the towel on US (and global) policy makers. Early on in this crisis, I had advocated a number of policy paths which I think…

I know I shouldn’t beat this dead horse but I can’t help myself. Just this past Friday, when describing Andy Xie’s hopeful tone in sensing a change of the short-sighted and ruinous mindset that was driving policy makers in the U.S., I…