Economics
Economics
Economics
Aurelien – So It Goes…But when does it stop?
Stein‘s Law: “if a thing cannot go on forever, it will stop.“ Cross-posted from Aurelien’s substack “Trying to understand the world” Most people have heard at least a version of what is called Stein‘s Law: […]
Economics
Ben Wray – The Cloud Cartel Has Created a Global Rentier Economy
‘The US tech giants have achieved an unprecedented concentration of economic control, forcing other firms, American or not, to pay intellectual rents. These cloud hegemons are boosting US global power even as it declines in […]
Economics
Branko Milanović – Sketching the new dysto-utopian world with massive presence of artificial intelligence
AI would produce socially extremely unequal and politically much more unstable societies than the current proponents of abundance created by the artificial intelligence want us to believe. Branko Milanović is an economist specialised in development […]
Economics
Radhika Desai, Michael Hudson: The K-Shaped Collapse of the US Economy
Michael Hudson and Radhika Desai examine the gap between Trump’s promised economic boom and the reality of an economy sustained by asset bubbles rather than production. They show that the stock market’s rise reflects cheap […]
Economics
The Kyiv Indpendent: Russia’s escalating port attacks choke Ukraine’s grain exports as industry nears crisis
Ukrainian farmers are bearing the brunt of Russia’s intensified bombing campaign targeting seaports, terminals, and cargo ships as agricultural exports decline, freight costs rise, and vessels avoid docking at Ukrainian ports. Continue Reading HERE
Economics
Juan Cole: Hormuz, Mandeb, Black Sea: Wars and Diesel Chokepoints Spike World Inflation
The Iran War will erode the purchasing power of American consumers this summer, according to CNBC, especially because of high diesel prices. Read Article HERE Photo licensed under the Creative Commons Attribution 2.0 Generic license
Economics
Michael Roberts – AI and productivity
AI: All that shines may well not be gold Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog Alphabet (Google) announced its earnings results yesterday. At […]
Economics
John Bellamy Foster, Lynn Fries – Humanity and nature through social production: Marx’s materialism unfolded from Epicurus
In this first segment of a series on ecology and materialism, John Bellamy Foster explains how Marx, who was not a natural scientist learned from chemists, physicists, biologists and the ancient Greek philosopher Epicurus. Marx […]
Economics
Marie Gottschalk, Chris Hedges – How America’s Corporate Class Became Legally Unaccountable
Marie Gottschalk situates Trump’s rise behind the backdrop of US Empire, militarized police and Capital’s stranglehold on politics — depicting a nation not plagued by one man, but sick to the core Compared to other […]