AI and Systemic Risk
The popular press is whistling past the graveyard of AI systemic risk even as heavyweight experts warn more needs to be done.
Read more...Category Archives: Free markets and their discontents
Progressive Educator Myles Horton’s Lessons for Fighting for Social Justice Today
Horton’s work offers a compelling model of how popular education can contribute to progressive change, fostering critical thinking in slow times and accelerating the spread of radical ideas during movement peaks.
Read more...Michael Hudson: The Economic Unravelling of the Political West
Michael Hudson describes the development and progression of America’s economic parasitism.
Read more...Satyajit Das: The Shadow of Financial Instability
Shadow banks, rebranded as anodyne “non-bank financial institutions” are larger than ever and pose a threat in a new financial crisis
Read more...Has Public Debt Become Unmanageable?
Why alarmism about public debt is fundamentally misguided.
Read more...Doctors, Strikes and the Failures of Wes Streeting and Labour
It appears Wes Streeting has channeled his inner Trump and is trying to bully NHS doctors when he does not hold good cards.
Read more...What’s at Stake in Trump’s Executive Order Aiming to Curb State-Level AI Regulation
Fortunately, an executive order won’t stop states from restricting AI. But expect the Administration to try other routes.
Read more...Political Power and Profitable Trades in the US Congress
A new study finds that it’s not the Congress rank and file that generates insider trading big bucks, only some of the leaders.
Read more...Russian Central Bank Sues Euroclear Over Frozen Assets; Will the EU Be Hoist on the Investor-State Settlement Disputes (ISDS) Petard?
Hoo boy. Russia looks to be using much demonized (by labor and environmental rights advocates) investor-state dispute settlement provisions to pursue Euroclear.
Read more...Economic Questions: James Tobin’s Transaction Tax
A Tobin tax is a no-brainer for reducing speculation and financial crisis risk. That is reason enough to keep it from being implemented.
Read more...How Corporate Democrats Made Trump Possible: A 10-Year Timeline
Yes, corporate Democrats did indeed grease the skids for Trump’s presidency, but the key misdeeds go back to Obama.
Read more...Trump’s Idea for Health Accounts Has Been Tried. Millions of Patients Have Ended Up in Debt.
A look at Trump’s non-solution to the looming problem of the expiration of Covid-era ACA subsidies.
Read more...Revulsion, La Grande Bouffe, and the Spectacle of Grotesque Elite Self and System Destruction
Why our elites, starting with the top ranks in the Trump Administration, are disgusting.
Read more...The Anti-MAGA Economics of the Second Trump Administration
How Trump has defaulted on his MAGA promises.
Read more...Blockbuster San Francisco Lawsuit Targets Food Industry Giants Over Ultraprocessed Foods, with Extensive Documentation of Health Damage and Success in Producing Addiction
A case by the San Francisco attorney documents Big Food’s use of ultraprocessed food to create addicts in a repeat of the tobacco playbook.
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