Articles in Economics
The Commodities Markets are Absurd, Unstable, and Dangerous
People all around the world live or die based on the whims of the commodities market. We need to discard the idea that markets are an acceptable way to distribute the world’s resources.
If The “Only Moral CEO” Is an Abusive Narcissist, What Does That Say About Capitalism?
Dan Price was hailed for his commitment to paying his employees generously, showing how capitalism can “have a heart.” Now that he has been exposed as a fraud and abuser, we should reevaluate the idea of moral CEOs.
Keep Bond Away from Bezos
Amazon’s acquisition of Hollywood staple MGM Studios is bad news for moviegoers and the film industry. The FTC can and should challenge the deal in court.
Is Capitalism Built on Greed?
Some leftists say that capitalists are not personally greedy and act as they do because the system forces them to. But that’s wrong. Capitalist greed is indeed a choice.
Why This Computer Scientist Says All Cryptocurrency Should “Die in a Fire”
UC-Berkeley’s Nicholas Weaver has been studying cryptocurrency for years. He thinks it’s a terrible idea that will end in disaster.
The Wall Street Journal Makes The Case For Expropriating Billionaires
The paper says redistributing the wealth of the 735 richest people would “only” give every single person $14,000. But that would be amazing.
The Incalculable Harms Imposed by Debt
Asking about the “cost” of student debt cancellation is misleading. Debt is more than just an amount in dollars; it’s experienced by people. Those living with debt suffer emotionally and physically, making the cost of not canceling crushing debt much higher than we can calculate.
Trillions and Trillions: The Selective Blindness on Endless Economic Growth
Despite conservative rhetoric, we actually can afford nice things that benefit the public.
The American Nightmare Mall
The promise of New Jersey’s American Dream Mall had occupied my childhood imagination. What I found there one snowy day in 2021 was nothing but an American nightmare.
The IMF’s Bottomless Bottom-Line Cruelty
How the IMF & the World Bank—in the name of progress—succeed in keeping poor countries poor.
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