March 27, 2012Comments Off on High Frequency Trading and Deeper Questions about Capitalism
A recent PBS Newshour report by Paul Solman on Thursday 3/15/12 in his series “Making Sense of Financial News” gave pause concerning the role of high frequency traders (HFT) on Wall St. (and doubtless on --->> read more -->>
I ran across this somewhat longish article at NakedCapitalism.com. Even if you are not a 6th grader you will find this interesting. In part, Andrew Dittmer, who in fact has taught 6th graders, our author, --->> read more -->>
November 12, 2010Comments Off on Religious Doubt Spreads – Free Flows of Capital Seen as Dangerous to Some
There is more evidence that the current run of religious mania about “free markets” is finally giving way to a more fact-based approach to this important human invention, many countries are now applying capital controls --->> read more -->>
The current tsunami of revelations of misbehavior, if not outright criminality, by the banking industry in their pursuit of mortgages gone bad, is further evidence of how fundamentally corrupt and cynical this industry continues to be. On --->> read more -->>
June 6, 2010Comments Off on Free Markets – free? markets? – lessons not learned
“Free market” has always struck me as a rather strange phrase. Never more so than in this period of financial market disasters. The phrase ‘free market’ continues to be used reflexively. Just as commentators go right on --->> read more -->>
What Is the Function of Wall St.? The global financial meltdown of 2008 – 2009 with its ongoing sequelae seems not to have definitively demonstrated the dangers of our continuing belief in the religion of --->> read more -->>
January 22, 2010Comments Off on Controlling Gambling by Wall St. and the Big Banks – Bad for Business?
Anti-Wall St Does Not Mean Anti-Business President Obama’s proposals to break up the “too large to fail” mega banks and otherwise reapply the Glass Steagall Act to the financial sector has predictably brought loud complaints --->> read more -->>
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