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This assault on reason itself is at the core of Kanter’s critique. He starts off by listing three cases in which academic economists allowed themselves to be corrupted by the monopolies they studied https://pluralistic.net/2024/09/25/epistemological-chaos/
The US national debt has ballooned so fast to $35.3 trillion – by $12.0 trillion since January 2020 – that it’s mindboggling, especially in a growing economy. And every single one of the Treasury securities that form this colossal debt was bought and is held by some investor, and we’re going to look at those…
By a factor of 50:1 in the US. https://braddelong.substack.com/i/147796490/one-image-the-disjunction-between-economic-performance-under-democratic-and-republican-presidents
It’s well past time we start thinking of a new next model… An economy or economies based on manaakitanga, whanaungatanga, kaitiakitanga could set everyone up to live well, within connected communities and planetary boundaries. What if rāhui were respected and our ecosystems were regenerated, or our sense of obligation to each other meant that no…
A really interesting interview on the Open Research unrestricted cash grants research.
This is how you fight greed-flation Pepsi products are being removed from Carrefour’s shelves in Europe over “unacceptable price increases,” including Doritos and Quaker cereals as well as the company’s famed cola.
Yesterday I posted about how sanctions against China are very very dumb. Here is another good example of why. Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very strong. And BYD as a company…
The leadership of ASML had resisted these sanctions because they said it wouldn’t work: what would happen is that China would learn how to make the machines themselves. What he didn’t say, but it is true, is that ASML would not just lose the Chinese market, they would eventually lose the world market anywhere that…
Richard Murphy provides a fine takedown of the pernicious role neoclassical economists have played by overstating the risk of inflation and using it as a pretext to cruch wages. However, Murphy, no doubt due to space constraints, understates the scope and nature of damage done by neoclassical economics, which has become the foundation of mainstream…
Dave5 