The Curse of Financial Entrepreneurship (tags)
We are not prisoners of bad decisions made in the past. We can and should rein in Wall Street, break up its five giant “too-big-to-fail” banks, support local and state banks, resurrect the Glass-Steagall Act’s divide between investment & commercial banking, tax all financial transactions
We only live in half a democracy (tags)
The machine used in the production process counts more in the constitution than the working person who created this machine in the first place. As a result, the employees in the production process are hopelessly inferior to the capital owners. That is the legal situation. But it doesn't have to stay that way.
Video: Richard Trumka on TTIP (tags)
TTIP represents a crisis for democracy and the constitutional state. Corporations could sue states in parallel private arbitration courts. Labor and environmental regulations could be chilled or invalidated as indirect expropriation.
The Forgotten Priority of Labor Over Capital (tags)
Politics is responsible for a social market economy and its rules and structures. When the state is reduced to only setting the framework for competition and then appeals to the responsibility of individual entrepreneurs, one falls at once in a neoliberal trap.
Capital Needs a Counterveiling Power (tags)
Functionless profits do not lead to more investments..The market, competition and profit are not ends in themselves. The economy exists for people, not vice versa.
Free Market shorts on Nanotech--Government to the Rescue (tags)
The U.S. government is easily the nation's largest investor in nanotechnology, with The House of Representatives passing a bill to invest $2.4 billion in the next three years. "Private equity sources can't bridge the gap from the lab to products"
Government Goes After the Rich (tags)
It's not the corporations - it's the government that is the problem - and they are same now. You cannot have a monopoly without government - look at the forced monopoly post office.
If the capitalists win...If the entrepreneurs win... (tags)
From Lorne Strider's web page