The Socceroos' magnificent 1-0 victory over Tunisia gives Australia a chance of progressing to the knockout stage of this year's FIFA World Cup in Qatar. read now...
After a crushing defeat at the State Election, the Victorian Liberal Party seems to have lost touch with the state's voters and the true meaning of liberalism. read now...
Multi-talented singer, dancer and actress Irene Cara, best known for her roles in the '80s classics Flashdance and Fame has died from unspecified causes. read now...
Barely a word has been spoken by his Coalition colleagues against former Prime Minister Scott Morrison's secret ministerial power grab. read now...Economist Cristina Caffarra, a leader in competition and antitrust, warns that ever-expanding tech giants raise concerns about the extent of their power.
Since the 1970s, economists buying into the Chicago School of Antitrust have waved off the dangers of lax antitrust policies, professing that “the market” would sort out issues of competition and punish companies that abuse size and power. The Chicagoans’ narrow focus on direct consumer costs as the sole measure of harm didn't consider the impact of consolidation on small businesses, start-ups, workers, or, for that matter, democratic norms. Nor did it raise red flags for tech platforms that were touted as “free” for users (while monetizing our attention and personal data).
A growing number of critics argue that these basic assumptions are both wrong and outdated, as evidenced by the fact that in many industries, particularly technology, companies have been growing to gargantuan proportions and, as anybody who owns a smartphone is painfully aware, they seem free to gobble competitors, hinder innovation, and serve up crappy, overpriced products.
One of the many things we can learn from the recent elections in the United States is that the socialist revival which began there a few years ago, spearheaded first by Bernie Sanders in the Senate and then by Alexandria Ocasio-Cortez (AOC) in the House, has by no means run out of steam. The small but energetic Democratic Socialists of America contingent within the House Democrats, and in roles within the states and communities, has not gone away. Sanders and AOC continue to be very vocal and visible in political debate and action from their socialist perspectives. The widely anticipated Republican wave not only failed to sweep away mainstream Democrats; it also failed to dislodge the socialists.
The post What is Socialism All About? appeared first on Progress in Political Economy (PPE).
This article continues the previous discussion of bank net interest margins. In it, I discussed how changes in the yield curve changed the net interest margin (NIM) for banks.
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Αμέσως μόλις εξαγόρασε το Twitter και αυτοανακηρύχθηκε σε Chief Twit, ο Elon Musk δήλωσε πως δεσμεύεται να προστατεύσει τη φύση της πλατφόρμας ως μια «δημόσια πλατεία» όπου συζητούνται τα πάντα. Ήταν μια έξυπνη τακτική γιατί απέσπασε επιτυχώς την προσοχή του κοινού από τις πραγματικές του προθέσεις. Ο Elon Musk είχε κάθε λόγο να νιώθει ένα κενό που […]
The post Το Twitter ως το εισιτήριο του Elon Musk στο Πάνθεον της Τεχνοφεουδαρχίας – 247 News appeared first on Yanis Varoufakis.
