Tag: Economy

John Oliver and Monopoly Capitalism

F.C. Howe quote about business rules

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.

A Note on Jobs & Unemployment – revised

US manufacturing out vs employment 1947 - 2011

A Note on Jobs & Unemployment Original publication date – 12/27/2016; Revised – 12/31/2017 As the presidential campaign of 2016 fades away and the Trump Era begins, we find a national scene without any real discussion of the facts of jobs and unemployment and what the future might bring. Trump and others talk about bringing…

Globalization Taking American Hi-Tech Jobs – IBM example

The impact of globalization on the US economy has been mostly cast by the media and politicians in light of the disappearance of many manufacturing jobs and the swarms of cheap products imported to fill our stores. We should not think that just because we invented the internet and most of its prominent toys that…

US Economy

The US economy is still the largest in he world and it makes us one of the richest nations on earth. We think of it as the most dynamic, innovative, technologically advanced in the world. The trends of the last decade show that there is much to be concerned about.  

Capitalism and Free-market Ideology (Neoliberalism)

Keystone Essay What Is Market Capitalism and Why Do We Need to Understand It? (download a PDF version) Whether one envisions market capitalism as a coherent set of processes with a managing elite at the helm or as just important economic features of the overall human landscape, it long ago became a dominant feature of…

Thomas Friedman’s It’s a 401(k) World – facile, misleading

Thomas L. Friedman NYTimes

Reading this op ed leaves one with the notion that these changes have arisen through some immutable forces of nature.
He fails to mention that in parallel with the individual being more and more alone in the world, big corporations and governments are becoming ever more well integrated, feeding at each others’ troughs.