Reading

Created
Tue, 04/07/2023 - 20:39

As we write, stories of the riots in France are broadcasting across the world, with talk of businesses being looted and everything from town halls to libraries going up in smoke at the hands of rioters. The first thing to say is that these ‘riots’ are popular revolts—revolts against police brutality, against the feeling of […]

Created
Tue, 04/07/2023 - 18:33
Having read Syll’s book, one cannot avoid wondering how it is that modern mathematical economics still holds such a dominant position in terms of textbooks and economic practice. This is especially so if you consider two things: First, if one peruses the shelves of economic literature of any major bookstore (in London or even Copenhagen), […]
Created
Tue, 04/07/2023 - 17:19
I’m just back from France, where my direct experience of riots and looting was non-existent, although I had walked past a Montpellier branch of Swarkowski the day before it ceased to be. My indirect experience was quite extensive though, since I watched the talking heads on French TV project their instant analysis onto the unfolding […]
Created
Tue, 04/07/2023 - 08:43
Utilities As Mutual Companies

One of the big constant news stories recently has been about UK water utilities constantly flushing untreated sewage into the rivers and oceans near the UK, while raising prices, paying huge salaries to their executives and massive dividends. One solution is to take them back into public ownership.

But another possibility is to make the mutual companies. I worked for a mutual insurance company for a while, and helped it de-mutualize, at which point its prices went up, employees were treated worse, executives made more money and so on.

Created
Tue, 04/07/2023 - 07:30
It’s a super great idea to crack down on immigrant labor during a time of full employment and a building boom in a big agriculture state. So smart. And that’s what Ron DeSantis has done so that he can pretend he’s a tough hombre in a border state (which he isn’t.) He’s already getting some great results: Florida’s agricultural and construction industries say they are experiencing a labor shortage because a new immigration law that took effect July 1 is leading migrant workers to leave the state. The law, signed in May by Florida Gov. and GOP presidential candidate Ron DeSantis, seeks to further criminalize undocumented immigration in the state. It makes it a third-degree felony for unauthorized people to knowingly use a false identification to obtain employment. Businesses that knowingly employ unauthorized workers could have their licenses suspended, and those with 25 or more employees that repeatedly fail to use the E-Verify system to check their immigration status can face daily fines.  Business owners and workers alike say the ranks of laborers in Florida have grown noticeably thinner.
Created
Tue, 04/07/2023 - 06:59

MMT strips way the veil of neo-liberal ideology that mainstream macroeconomists use to restrict government spending. We learn that these constraints are purely voluntary and have no intrinsic status. This …

The post While opposing political parties play the fiscal credibility game, people get hurt. appeared first on The Gower Initiative for Modern Money Studies.

Created
Tue, 04/07/2023 - 06:00

A new era of antagonism between the US and China has emerged in the wake of the COVID-19 pandemic. This is seen in the mounting rhetoric of "strategic competition" escalating military expenditures and efforts at alliance building such as AUKUS. Increasingly important are the US's efforts to contain China economically, as seen in the US CHIPS Act that restricts exports of US and Taiwanese semiconductors and advanced technological components. However, at the heart of worsening relations between the US and China is a paradox: the US and China are integrated into global capitalism and deeply interdependent in processes of accumulation. The major fault line of international antagonism no longer lies between the capitalist world and its external enemies as in the last Cold War, rather it is between the two major capitalist powers.

It was this puzzle of antagonism amidst integration, that I sought to unknot in my Honours thesis in the Department of Political Economy at the University of Sydney.

Created
Tue, 04/07/2023 - 06:00
DKos’s Laura Clawson reports on a Washington Post story about the very lame House “moderates” (who have just as much power as the MAGA winguts): The far-right House Freedom Caucus’s antics have gotten so bad that Republicans who represent districts won by President Joe Biden have actually started trying to affect what legislation comes to the House floor. They’re not trying very hard, mind you—whining to the media remains their main weapon, and they’ll get outsized credit for anything they accomplish, including the whining, but doing slightly more than nothing is a change. The Washington Post reports, “In recent weeks, these lawmakers have kept some abortion-related measures from being put to a vote and sunk an amendment that would have derailed a government oversight bill.” Okay, that’s a start, as is the successful effort by some first-term New York Republicans to sink anti-union amendments.
Created
Tue, 04/07/2023 - 05:29
BARBECUE PLANNING TIPS Make sure the menu you plan fits the occasion. Consider the time of year, whether it’s to be in the backyard or at the beach and the type of equipment available before deciding on the food to be served. CHEESEBURGERS – Mixed Up Burgers CHEESEBURGERS 1 pound ground beef1 teaspoon salt1 to […]