No Picture
economy

The Monopolization of America

Adam Smith discussed the harms caused by monopolies in the frequently, ritualistically cited book, The Wealth of Nations. The progressive politics of the end of the 19th century and into the beginning of the 20th —>> read more –>>

environment

Plastics and Run Amuck Capitalism

The earth is burdened by the tsunami of plastic refuse that will never degrade. Government needs to protect us from capitalist enterprises delight in externalizing costs to our detriment and their short-term benefit. —>> read more –>>

kid's tricycle
free-market ideology

Heart Stents, Tricycles, and an Argument for Consumer Protections (Regulations)

Since corporations have reason not to worry about safety and efficacy, we do need the government to represent us. Common sense and ethics suggest that a company establish the safety and efficacy of products and services BEFORE selling them. In a world better balanced to the needs and interests of the vast majority this would be a required step. Heart stents and tricycles are examples of the failings of our current system. —>> read more –>>

F.C. Howe quote about business rules
economy

John Oliver and Monopoly Capitalism

Corporate concentration of income and wealth are core features of capitalism. From its earliest cheerleaders like Adam Smith, the drive for corporations to get ever larger and in the doing drive their competitors out of the market was noted and warned against. John Oliver provides a thorough and amusing introduction. —>> read more –>>

economy

The New Digital Monopoly Capitalism

The new digital economy is displaying the same drive to concentration, monopolies and oligopolies, that capitalism has always displayed. Facebook, Google, Amazon, Apple, and Microsoft are just a new face of the predatory monopolists of the Rockefeller Standard Oil age. —>> read more –>>

Buffet, Bezos, Dimon
free-market ideology

Recently Noted – Amazon, Berkshire Hathaway and JPMorgan Team Up to Try to Disrupt Health Care

These corporate giants are “disrupting” healthcare or so the headlines say. Despite the media flurry we should not expect much. The structure of US healthcare defies little nibbles at the periphery. As noted many times here, we need to look to our developed country competitors for their proven approaches to how to set up a world-class healthcare system at world standard costs. —>> read more –>>