Not terribly efficient, especially in the age of the computer.
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Finance
Michael Roberts: Capitalism without capital – or capital without capitalism?
The control of intangibles by a small number of mega companies could well be weakening the ability to find new ideas and develop them. Monopolies on intellectual property is not only damaging for the economy, […]
Austerity
Bill Mitchell – The ‘disciplining role of markets’ should be replaced by the disciplining role of democracy
Capital through its lobbying power has also meant that there is now democratic deficits rising all around the world. So, we don’t even get to express our political choices on an even playing field. Read […]
Economics
Bill Mitchell: British Labour Conference seems to be going well
British Labour Conference and the IMF are today’s topics. Read here
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