Bill Black: Free Markets Mean Zero Economic Profit – or a 99% Profit Markup
How “free market” ideology produces companies like Valeant, which Warren Buffett’s partner Charlie Munger called a “sewer,” “corrupt,” and “criminal.”
Read more...Author Archives: Yves Smith
Inequality Kills: Top 1% Lives 15 Years Longer Than the Poorest
Inequality kills, as the death gap between the richest and poorest rises to 15 years in the US.
Read more...Links 5/3/16
Gaius Publius: Politico – Less than 1% of the Hillary Victory Fund Benefited State Parties
The Hillary Victory Fund exposed as a campaign-finance-law-breaking money laundering operation.
Read more...Mania in Private Equity as Investors Throw Money at Funds
Private equity investors are throwing caution to the wind as even more money chases funds.
Read more...Hospital Profits and Quality May Fall, But Hospital Executives’ Compensation Keeps Rising
Executive looting, hospital style.
Read more...Greenpeace Leak Exposes Big EU-US Rifts, US Thuggishness, in TTIP “Trade” Negotiations
A leak of a major set of TTIP documents may throw a spanner in the works of a deal that is already contested in the US and EU.
Read more...Randy Wray: Progressives Don’t Let Friends Vote Neocon
If you take a hard look at Clinton’s neocon policies, it’s far from obvious that she’s a less dangerous Presidential pick than Trump.
Read more...Links 4/30/16
The Unfairness of Housing Purchases Through Time
Housing has clearly become less affordable over time. What to do about it?
Read more...Will Clinton Attempt to Bring Sanders Supporters into the Democratic Fold?
“Sanders will be ignored and shunned.” Will be? This has been the game from the outset.
Read more...Trade Costs of Border Controls in the Schengen Area
Granular analysis of the cost of imposing border controls along refugee routes versus ending the Schengen system, as well as who has the most to lose.
Read more...Links 4/29/16
Michael Hudson: The Wall Street Economy is Draining the Real Economy
How Wall Street is interjecting itself into the economy so that more and more is diverted to pay interest, insurance and rent.
Read more...How the New York Times Helped Hillary Hide the Hawk
Hillary Clinton’s macho, um, muscular stance in foreign affairs has delivered a series of disasters. Yet she remains a true believer in the idea that the US is and should remain the world’s sole superpower. And the New York Times pointed that out only after the New York state primary (well, they glossed over the disasters part).
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