Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It?

Free-market Ideology (Neoliberalism) – the posts

Footnotes

To be sure the US rank amongst steel producers has declined significantly with most of the world's steel now being produced in Asia
Allan Collard-Wexler and Jan De Loecker, “Reallocation and Technology: Evidence from the U.S. Steel Industry,” Working Paper National Bureau of Economic Research, January 2013, http://www.nber.org/papers/w18739.
Jane Wakefield, “Foxconn Replaces ‘60,000 Factory Workers with Robots,’ BBC News, May 25, 2016, sec. Technology, http://www.bbc.com/news/technology-36376966
Angel Gonzalez, “Amazon Unveils Smart Convenience Store sans Checkouts, Cashiers,” The Seattle Times, December 5, 2016, http://www.seattletimes.com/business/amazon/amazoncom-unveils-self-driving-brick-and-mortar-convenience-store/
Brick and mortar retail stores have sales per employee between a 1/4 and a 1/3 of Amazon's performance.
Thanks to Elizabeth Kolbert, “Our Automated Future,” The New Yorker, http://www.newyorker.com/magazine/2016/12/19/our-automated-future and Daron Acemoglu and David Autor, “Skills, Tasks and Technologies: Implications for Employment and Earnings,” Working Paper (National Bureau of Economic Research, June 2010), http://www.nber.org/papers/w16082.

Heart Stents, Tricycles, and an Argument for Consumer Protections (Regulations) February 21, 2018 Since corporations have reason not to worry about safety and efficacy, we do need the government to represent us. Common… Share this: Tweet Email Like this: Like Loading... Read more →	John Oliver and Monopoly Capitalism February 21, 2018 Corporate concentration of income and wealth are core features of capitalism. From its earliest cheerleaders like Adam Smith, the drive… Share this: Tweet Email Like this: Like Loading... Read more →
The New Digital Monopoly Capitalism February 20, 2018 The new digital economy is displaying the same drive to concentration, monopolies and oligopolies, that capitalism has always displayed. Facebook,… Share this: Tweet Email Like this: Like Loading... Read more →	Stagnant Wages, New York Times, and Unions February 11, 2018 NYTimes reports that one-time bonuses are the preferred pay strategy vs pay raises.Mysteriously the Times leaves out the role of… Share this: Tweet Email Like this: Like Loading... Read more →
Recently Noted – Amazon, Berkshire Hathaway and JPMorgan Team Up to Try to Disrupt Health Care January 31, 2018 These corporate giants are “disrupting” healthcare or so the headlines say. Despite the media flurry we should not expect much.… Share this: Tweet Email Like this: Like Loading... Read more →	Structure of Jobs Is Changing Rapidly – Political System Failing to Address Issue January 23, 2018 Shifts to contract work, losses in jobs due to automation and robots, growth in poorly paid occupations, low participation rates,… Share this: Tweet Email Like this: Like Loading... Read more →
A Note on Jobs & Unemployment – revised December 31, 2017 A Note on Jobs & Unemployment Original publication date – 12/27/2016; Revised – 12/31/2017 As the presidential campaign of 2016… Share this: Tweet Email Like this: Like Loading... Read more →	Recently Noted – Robert Reich: how we got into this mess and how we get out of it December 29, 2017 Reich’s latest cartoon does a good job of describing the changes in the US economy, weaker on the underlying political… Share this: Tweet Email Like this: Like Loading... Read more →
Cotton and the Miracle of the Self-Regulating Market December 19, 2017 The miracle of the automatic self-regulating market in action. During the 1930s over-production of cotton chronically ran over by 50%… Share this: Tweet Email Like this: Like Loading... Read more →	Recently Noted: World Inequality Report 2018 – findings and policies December 14, 2017 Inequality in wealth and income is a continuing global crisis. The World Inequality Report 2018 defines the problem based on… Share this: Tweet Email Like this: Like Loading... Read more →
Recently Noted – John Oliver and Monopoly Capitalism September 26, 2017 Capitalism, Monopoly, Oligopoly and John Oliver Capitalism does a number of things very well. Concentrating power, wealth and income is… Share this: Tweet Email Like this: Like Loading... Read more →	Ultra-Processed Foods, Conquest of New Markets, Capitalism In Action September 18, 2017 Brazil is the newest scene of massive marketing campaigns to replace local food and local diets with ultra-processed industrial foods.… Share this: Tweet Email Like this: Like Loading... Read more →
Recently Noted – about healthcare July 30, 2017 Recent NYTimes article broadly acknowledges what every other developed country has recognized for decades, healthcare is not a good candidate… Share this: Tweet Email Like this: Like Loading... Read more →	Recently Noted – about free market capitalism – is capitalism the real problem? July 14, 2017 Capitalism is driven by a single internal logic that requires the transformation of people and nature into commodities to produce… Share this: Tweet Email Like this: Like Loading... Read more →
Capitalism and Innovation July 5, 2017 For all of the chest beating about the bold risks taken by capitalists, the capitalist time horizon is very short… Share this: Tweet Email Like this: Like Loading... Read more →	Healthcare and Markets – why don’t they work together? June 26, 2017 A consistent chattering point in American discussions of healthcare is the claim that if we can only bring transparency and… Share this: Tweet Email Like this: Like Loading... Read more →
Recently Noted – free-market capitalism June 17, 2017 Companies must externalize as many costs as possible in free-market capitalism. Without adequate government protections you will end up with… Share this: Tweet Email Like this: Like Loading... Read more →	Recently Noted – in free-market capitalism and US economy June 7, 2017 Giving tax breaks to the rich and corporations has been basic to every Republican since Hoover. President Reagan piled on… Share this: Tweet Email Like this: Like Loading... Read more →
Neoliberalism Revisited June 3, 2017 If we want to offer an alternative analysis we need direct language that does not refer to thinking and issues… Share this: Tweet Email Like this: Like Loading... Read more →	Naive Talk about Healthcare from Adam Davidson in the New Yorker May 25, 2017 The solution to our healthcare problems cannot be clearer. Look at Canada, Germany, France, Japan, Australia, Netherlands, UK, Denmark, Sweden,… Share this: Tweet Email Like this: Like Loading... Read more →
The Global Context of the US Healthcare Debate May 14, 2017 The solution to our healthcare fiasco is first to recognize its true nature and then to face down those who… Share this: Tweet Email Like this: Like Loading... Read more →	Regulations vs Protections – more than just words May 7, 2017 The word “regulation” has been used as an epithet and rhetorical sledge hammer by Republicans and the centrist Bill Clinton… Share this: Tweet Email Like this: Like Loading... Read more →
Dumping Concrete: a law of capitalism In action – a local example May 6, 2017 Every company seeks to get someone else to pay for as many of its costs of doing business as possible.… Share this: Tweet Email Like this: Like Loading... Read more →	United Airlines, Monopoly/Oligopoly, The Natural Laws of Capitalism April 17, 2017 In the US four airlines control over 80% of the seats and in many regional markets the competition veers towards… Share this: Tweet Email Like this: Like Loading... Read more →
Building the New American Economy – Not April 5, 2017 The title of this short book, only 130 pages, Building the New American Economy: smart, fair, & sustainable by Jeffrey… Share this: Tweet Email Like this: Like Loading... Read more →	Thoughts on Standard Economics April 1, 2017 I’ve been looking through Paul Krugman’s textbook Macroeconomics (Krugman and Wells, 4th edition, 2015) and came on Principle #2 -… Share this: Tweet Email Like this: Like Loading... Read more →
BEHEMOTH (BEI XI MO SHOU) at TSL Hudson March 4, 2017 This 2015 movie by Chinese director Liang Zhao is filled with great cinematography and sounds. It trades back and forth… Share this: Tweet Email Like this: Like Loading... Read more →	Job (Business) Killing Regulations March 2, 2017 Ever since Ronald Reagan told us in his 1981 Inaugural Address, “Government is not the solution to our problem; government… Share this: Tweet Email Like this: Like Loading... Read more →
The Internet and Demand Management (Advertising) March 1, 2017 My friend Joe Keenan recently sent me an article by Vicki Boykis, “Fix the internet by writing good stuff and… Share this: Tweet Email Like this: Like Loading... Read more →	Neoliberalism – a term that needs never to be used – Updated February 10, 2017 Dollars and Sense has been around since the 1970s. Always a source of well researched critiques of capitalism. I recently,… Share this: Tweet Email Like this: Like Loading... Read more →
Talk Back: Correcting the Anti-Government Bias of Our Politics January 29, 2017 President Reagan was not the originator of this central trope of free-market (neo-liberal) politics, but he famously said in his… Share this: Tweet Email Like this: Like Loading... Read more →	The Gig Economy in the Academy – a note December 29, 2016 The values of capitalism, especially as expressed through free market (neoliberal) ideology, have come to dominate how we organize our… Share this: Tweet Email Like this: Like Loading... Read more →
“Liberal”, “Progressive”, “Free Market”, “NeoLiberal” – what’s up? November 15, 2016 A friend asked the following question of me on Facebook the other day:What’s wrong with the word LIBERAL …. This… Share this: Tweet Email Like this: Like Loading... Read more →	Inside Goldman Sachs with the Federal Reserve September 27, 2014 Since the beginning of the 2008 Great Recession we have hoped that the government would return to applying some real… Share this: Tweet Email Like this: Like Loading... Read more →
Flash Boys Doesn’t Ask the Important Question April 7, 2014 We should demand that our financial markets serve their findamental purposes – connect investors with those who can deploy those… Share this: Tweet Email Like this: Like Loading... Read more →	Wall St – not about investing but fixing the game July 9, 2013 photo courtesy of Chance Agrella, photographer An article in the NY TImes today reports ((Regulators Examining Early Sales of Financial… Share this: Tweet Email Like this: Like Loading... Read more →
The Job Creators – Who Are They? The Rich, Really? May 19, 2012 In recent years a standard bit of political rhetoric in the US has included references to “the job creators”. This… Share this: Tweet Email Like this: Like Loading... Read more →	Charts from Mother Jones Illustrate That the Rich Have Won the Class War November 19, 2011 I came on a set of graphics in Mother Jones, “It’s the Inequality, Stupid: Eleven charts that explain what’s wrong with America” that illustrate what you… Share this: Tweet Email Like this: Like Loading... Read more →
Corporations as Persons – Freedom of Speech, now Right to Privacy – Bring on Three Strikes! January 20, 2011 The case of the Federal Communications Commission v. AT&T ((See the NYTimes, “Court Weighs Whether Corporations Have Personal Privacy Rights”… Share this: Tweet Email Like this: Like Loading... Read more →	Religious Doubt Spreads – Free Flows of Capital Seen as Dangerous to Some November 12, 2010 There is more evidence that the current run of religious mania about “free markets” is finally giving way to a… Share this: Tweet Email Like this: Like Loading... Read more →
The Mortgage Debacle – Redux October 10, 2010 The current tsunami of revelations of misbehavior, if not outright criminality, by the banking industry in their pursuit of mortgages… Share this: Tweet Email Like this: Like Loading... Read more →	Krugman Asleep at the Wheel of History ….. the elite has not been interested for forty years… August 2, 2010 The August 1st New York Times carries the latest Paul Krugman opinion piece, “Defining Prosperity Down”. He is depressed because… Share this: Tweet Email Like this: Like Loading... Read more →
Free Markets – free? markets? – lessons not learned June 6, 2010 “Free market” has always struck me as a rather strange phrase. Never more so than in this period of financial… Share this: Tweet Email Like this: Like Loading... Read more →	Do We Need Wall St. and all the other gamblers in the financial services world? April 20, 2010 What Is the Function of Wall St.? The global financial meltdown of 2008 – 2009 with its ongoing sequelae seems… Share this: Tweet Email Like this: Like Loading... Read more →
How Did We Come To Consider Corporations to Be Natural Persons? – What To Do Next? January 25, 2010 This week’s decision by the US Supreme Court to allow corporations, including unions, to hold full rights to free speech… Share this: Tweet Email Like this: Like Loading... Read more →	Controlling Gambling by Wall St. and the Big Banks – Bad for Business? January 22, 2010 Anti-Wall St Does Not Mean Anti-Business President Obama’s proposals to break up the “too large to fail” mega banks and… Share this: Tweet Email Like this: Like Loading... Read more →
Book Review: Manias, Panics, and Crashes: a history of financial crises by Kindleberger November 13, 2009 Manias, Panics, and Crashes: a history of financial crises, fourth edition by Charles P. Kindleberger (New York: Wiley 6th edition… Share this: Tweet Email Like this: Like Loading... Read more →	Just Another Cost of Doing Business? – Pfizer’s $2.3 billion penalty and fine September 4, 2009 The Obama administration is touting the action taken this week against Pfizer for illegal promotion of several of its drugs.… Share this: Tweet Email Like this: Like Loading... Read more →
Enron, Trust and Malfeasance January 29, 2002 January 23, 2002 (revised 1/29/02) The collapse of energy giant Enron over the last six months has produced a surprising… Share this: Tweet Email Like this: Like Loading... Read more →	Enron, Trust and Malfeasance January 29, 2002 January 23, 2002 (revised 1/29/02) The collapse of energy giant Enron over the last six months has produced a surprising… Share this: Tweet Email Like this: Like Loading... Read more →

Free-market ideology (neoliberalism) – the posts

Read the keystone essay: What Is Market Capitalism and Why Do We Need to Understand It?

Free-market Ideology (Neoliberalism) – the posts

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this:

Like this:

Share this: