Capitalism

Cotton and the Miracle of the Self-Regulating Market

The miracle of the automatic self-regulating market in action. During the 1930s over-production of cotton chronically ran over by 50% and more. Since cotton is a durable product all of these years of over production just swelled the mountains of cotton sitting in warehouse waiting for demand. In 1933 the cotton stored in warehouses equaled the entire world demand. —>> read more –>>

Briefly Noted

Recently Noted – women in prison in the US – more on mass incarceration

The Prison Policy Initiative has released a new study “Women’s Mass Incarceration: The Whole Pie 2017”. In a pattern that is similar to the fate of men in our mass incarceration system that charades as justice, 60% of those in local jails are there because they cannot afford bail. 29% of these women held for lack of cash are charged with drug offenses. —>> read more –>>

Briefly Noted

Recently Noted – “What Explains U.S. Mass Shootings? International Comparisons Suggest an Answer”

The NY Times published an interesting article by Max Fisher and Josh Keller, “What Explains U.S. Mass Shootings? International Comparisons Suggest an Answer” on 11/7/2017. The analysis shows that there is a strong correlation between the high level of gun ownership and mass killings. No other factors are well correlated. —>> read more –>>