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Corporate responsibility needs to evolve if businesses are going to rebuild trust and provide real value for society.
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Macro and Cheese pod, July 9 2022. Michael Hudson A central tenet of the World Bank from the beginning is to convince countries not to grow their own food, but to create plantation agriculture to prevent family-owned farming of food, to grow plantation export crops and they become dependent on the United States for their Continue Reading
The post International Trade and MMT with Keen, Hudson first appeared on Michael Hudson.
Author and law professor Maurice Stucke warns that as fundamental privacy rights vanish, your personal data can and will be used against you.
University of Tennessee law professor Maurice Stucke, author of “Breaking Away: How to Regain Control Over Our Data, Privacy, and Autonomy” has been critical as tech firms have grown into giant “data-opolies” profiting from surveillance and manipulation. In a conversation with the Institute for New Economic Thinking, he warns that legislative inaction and wider government complicity in this surveillance are eroding fundamental rights to privacy along with the ability of federal agencies to regulate Big Tech.
Lynn Parramore: Concern over privacy is increasing right now, with people worrying about different aspects of the concept. Can you say a bit about what privacy means in a legal context? With the digital revolution, privacy obviously means something different than it did 50 years ago.
Why it lacks resilience, and What will take its place Paper presented on July 11, 2022 to The Ninth South-South Forum on Sustainability. THE COLLAPSE OF MODERN CIVILIZATION AND THE FUTURE OF HUMANITY. The greatest challenge facing societies has always been how to conduct trade and credit without letting merchants and creditors make money by Continue Reading
The post The End of Western Civilization first appeared on Michael Hudson.Supporting mothers could increase their labor force participation, and researchers have found that closing income and other gender gaps could add to GDP.
Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral
Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral
Few dispute that there can be no green transition without a greening of finance. Yet, the greening of finance drags on and on. In fact, estimates suggest that current practices in the financial sector have us headed for temperature increases two-fold larger in magnitude than those aimed for with the Paris agreement. In this predicament, might a way forward be to engage central banks in fostering the much-needed greening of finance?
I use word frequency to study the rise and fall of capitalist ideology.
The post Have We Passed Peak Capitalism? appeared first on Economics from the Top Down.
Below is Ross Garnaut’s lecture in honour of my Dad. Economic Ideas and Policy Outcomes: Applications to Climate and Energy Fred Gruen signed up as Professor of Economics in the ANU’s Research School of Social Sciences in 1972, at the … Continue reading
Here’s a thought...
Doctor Who is always an imperfect shadow of the perfect, ideal image of the programme you have in your head.
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In The New Yorker, I take on Clarence Thomas’s contributions to this last term of the Supreme Court: The most powerful Black man in America, Thomas is also our most symptomatic public intellectual, setting out a terrifying vision of race, rights, and violence that’s fast becoming a description of everyday life. It’s no longer a matter of Clarence Thomas’s Court. Increasingly, it’s Clarence Thomas’s America. I focus on the abortion and gun rights decisions, and try to limn their meaning for our moment. In the face of a state that won’t do anything about climate change, economic inequality, personal debt, voting rights, and women’s rights, it’s no wonder that an increasing portion of the population, across all races, genders, and beliefs, have […]
Howdy, folks! Today we will be heading down south to the Atlanta suburbs to view what may be the most yassified house in existence.(The quality of the photos is proportional to the quality of the estate, my apologies.) Also, special thanks to my friend Kristjan who contributed to finding the house and also some of the captions (fondue machine all was him.)
Built smack dab in the Pimp My Ride era (2007) it’s got 8 bedrooms and 8.5 bathrooms, totaling a completely reasonable and not at all absurd 17,500 square feet. $7,750,000, it’s up there as one of the more expensive houses on the blog in its six (6!!) years. (Happy Birthday McMansion Hell!)
Without further ado:
The Debian project is pleased to announce the fourth update of its
stable distribution Debian 11 (codename
bullseye). This point release mainly adds corrections for security issues, along with a few adjustments for serious problems. Security advisories have already been published separately and are referenced where available.
His political career has consisted of chucking rocks over the walls of the neighbours. We will live with the damage for years
It seems rather apt that Boris Johnson pocketed a huge advance from a publisher for a book about William Shakespeare but never got round to writing it. Johnson’s rise and fall hovers between cheap farce and theatre of the absurd. It has none of the grandeur of tragedy. The only line of Shakespeare’s that came to mind at his political demise was the first bit of Mark Antony’s elegy for Julius Caesar: “The evil that men do lives after them”. If the good that Johnson did in his public life is to be interred with his bones, the coffin will be light enough. But the evil will weigh heavily on the coming decades.
Boris Johnson finally resigned as UK PM, after his own ministers started resigning, in protest for Johnson’s constant scandals and lies.
The reaction in the UK?
A presentation to the Building bridges around David Graeber’s legacy conference, Paris, Friday July 7, 2022 It may seem strange to invite an economist to give a keynote speech to a conference of the social sciences. Economists have been characterized as autistic and anti-social in the popular press for good reason. They are trained to Continue Reading
The post From Junk Economics to a False View of History: Where Western Civilization Took a Wrong Turn first appeared on Michael Hudson.A persistent regime of low wages may determine very negative long-term consequences on the economy.
Stagnating real wages may have contributed to the slowdown of US productivity
In much of the advanced world, we have witnessed at least three decades of stagnating real wages and massive reductions in the labor share in income. Many analyses have documented these trends, reflecting on their causes and effects from very different standpoints. In the US economy, where the trend toward wage stagnation seems to be particularly strong, it goes together, according to Temin (2015), Storm (2017), and Taylor and Ömer (2020), with a ‘dualistic’ tendency of the economy, with growing polarization between a limited number of high-wage and high-productivity sectors and a growing mass of workers employed in low-productivity and low-wage sectors. Wage stagnation, Taylor and Ömer (2020) note, is also the basis of the growing inequality in personal and family incomes recorded in the USA as well as in many other societies.
The post Slamasaurus appeared first on The Perry Bible Fellowship.