October 25, 2020Comments Off on Video Post – Externalities – getting somebody else to pay for my production costs – the In Depth Capitalism series
Capitalism features a structural drive to create and use external costs to increase profits. Pollution of the earth is the most obvious and visible; there are many others including injuries and death for workers. Share --->> read more -->>
When Congress passed the second pandemic stimulus bill, the CARES Act, in late March, a key feature was the Paycheck Protection Program(PPP). This was $349 billion described as targeted to small businesses (in the world --->> read more -->>
March 1, 2020Comments Off on Recently Noted – the chemical industry, government, and personal connections to TCE
Back in the early and mid ‘70s both Karen and I worked in various machine shops and other industrial locations. Trichloroethylene (TCE) was used on a daily basis to clean metals parts and other materials. --->> read more -->>
We generally don’t report or comment on local affairs here at AmericanDelusions. But, the craziness of real estate development in Greenport, the town that surrounds our hometown of Hudson, illustrates a downside of our market centered --->> read more -->>
October 27, 2019Comments Off on Nobel Prize Winners Critique Markets – Duflo and Bannerjee
It will be no surprise to regular readers of AmericanDelusions that we are skeptical of markets and even more so claims made for markets. So, it was a pleasure to read the recent op-ed piece --->> read more -->>
October 15, 2019Comments Off on Recently Noted – challenging views of Justice Clarence Thomas – the intractable nature of white racism
Supreme Court Justice Clarence Thomas has been famous and more than a bit of an outlier in American life from the moment he came on the public stage over the summer of 1991. Today I --->> read more -->>
June 26, 2019Comments Off on Recently Noted – Robert Reich on breaking up Big Tech – a limited view
Robert Reich is continuing his series of brief YouTube videos on progressive view of the economy. This is a good introduction to the arguments for re-invigorating our protections against monopolies. However, the problem is much --->> read more -->>
May 9, 2019Comments Off on Monopoly and Facebook – as told by Facebook’s co-founder
The May 9th NYTimes has an Op-Ed essay, It’s Time to Break Up Facebook, by Chris Hughes, the co-founder of Facebook, calling on the government to break up that company. The essay is very thorough in --->> read more -->>
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