by Basak Kus* It has now been almost two decades since the 2007-10 financial crisis shattered the exuberance that surrounded American capitalism in the 1990s. The immediate issues the crisis posed—negative growth rates, rising unemployment, and falling stock prices—were addressed long ago. Crises like the Great Recession, however, are more than temporary setbacks; they necessitate […]
deregulation
This is a wide-ranging discussion about the anatomy of bank failures. Dave Kelley, the moderator, is a pension actuarial expert, headquartered in Ohio. Chairman of the Domestic Policy subcommittee of the Govt Oversight Committee, Kucinich, as a senior member of Congress, investigated the subprime meltdown (see you tube videos), grilling Wall Street titans. Michael Hudson […]
The post Dennis Kucinich and Michael Hudson on the Anatomy of Bank Failures appeared first on scheerpost.com.
Capitalism is corrupt, but its defenders say it can be regulated to become less savage. History shows that the tendency of power and money to aggregate and be monopolized in fewer hands makes the dream of regulated capitalism impossible.
The post “Regulated Capitalism”: a Fairy Tale first appeared on Ted Rall's Rallblog.After a misstep, it’s about to become illegal to import e-cigarettes without a prescription, which means that, for most Australians, it’ll become all but impossible to vape from October 1.
The misstep tells us a lot about how the Australian government works behind the scenes — most of it good.
Mid last year, Health Minister Greg Hunt announced plans to ban the import of nicotine-containing e-cigarettes and refills without a doctor’s prescription. Border force would be checking parcels.
To Hunt, the decision made sense. It was already illegal to buy and sell such products without a prescription in every Australian state and territory, and it was illegal to possess them without a prescription in every state but South Australia.
All Hunt was doing was closing a (very wide) loophole.