In orthodox theory, oligopolies are big, lean and efficient. Their size and efficiency should produce price cuts. Instead, in the real world, oligopolies undermine economic democracy. They price gouge. They outflank regulatory laws while regulatory cops sit on their hands. Can Andrew Leigh and Jim Chalmers limit the damage economic concentration imposes? As Jim Chalmers Continue reading »
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On Good Morning Britain, Jemma Redgrave shared who she's filmed with in Series 14 and what she knows about the UNIT spinoff rumors.
A top UN official expressed concerns that Afghanistan has been excluded from global discussions on climate change, despite being among the top 10 countries worldwide facing climate-related issues. Afghanistan has been excluded from the UN’s global climate summit talks since the Taliban takeover in 2021. Roza Otunbayeva, head of the UN Assistance Mission in Afghanistan (UNAMA), highlighted Continue reading »
The tech fight is about economic survival for Beijing, but just another ‘war’ of choice for US politicians and technocrats. It’s easy to predict which side has the greater will to prevail. A leading Chinese telecoms company released a new smartphone and no less than the White House’s National Security Adviser Jake Sullivan was asked Continue reading »
Week-end Wrap – Political Economy – September 10, 2023
by Tony Wikrent
Strategic Political Economy
The Green Great Game Is This Century’s Space Race
[The Diplomat, via Naked Capitalism 9-3-2023]
The rivalry for access to raw materials to facilitate the energy transition will turn the “Green Great Game” into one of the defining geopolitical features of the 21st century.
This from Eric Loomis at LG&M struck me because I just love the fact that unions are finally getting some traction after all these years. It’s a wonderful development and I have high hopes that this new generation will be successful in reforming the workplace through collective action. However, they do need to keep their eyes on the prize: As a labor person who is not one of these lefty labor-intellectual types who think that the real goal of the labor movement or the left should be to “emancipate” ourselves from labor entirely, I am not of the utopian type frame of mind. I admit that my brain mostly works within the 20th century socialist framework much more so than the 21st century left-libertarian-individual freedom framework. So when I see odd collective bargaining demands from workers who are more of the individualistic mindset, it kind of breaks my brain. Workers can collectively bargain for whatever they want. But I am trying to imagine walking to negotiations and trying to work out the demands of these Philadelphia coffee shop workers. I am going to present here what the employers’ lawyer says, which you can dismiss if you would like.
And it’s not Tuberville Wisconsin just re-elected this person.
Hope for a revival of the “Guatemalan spring” — cut short in 1954 by a CIA-backed coup — lifted Bernardo Arévalo’s unlikely campaign.
The post Guatemalans Guarded the Memory of Democracy Through Years of War and Corruption. Now They See an Opening. appeared first on The Intercept.
Indicted former president gets a mixed welcome All the red was not for him. There were chants of U-S-A when TFG arrived Saturday at Jack Trice Stadium for the Iowa-Iowa State football game. But other football fans gave Donald Trump a less than warm welcome. The New York Times: The former president entered the game to a mix of applause and audible boos, as a plane with a banner reading “Where’s Melania?” flew overhead — a nod to the absence of his wife from the campaign trail. Some attendees gave him the middle finger from the stands while he looked on from the glass-paneled box from which he watched the game.
The Doctor's relationship with their companion is the heart of Doctor Who, and their first meetings always offer a sense of what's to come.
From dispatches from an American oligarchy to a sobering look at the U.S. masculinity crisis, here’s a roundup of our reporting from the past week.
Of aliens and alienation The United States pulled itself together again somehow after the trauma of the Civil War. Or rather, slavery ended formally only to be replaced by a system that rendered the South’s once-enslaved persons free in name only for another 100 years. What persisted was one nation with two systems deeply divided by culture. Those war’s psychic wounds were thinly disguised behind monuments to the Lost Cause that the United Daughters of the Confederacy (UDC) spent decades planting across indivisible nation. Meanwhile, the Invisible Nation enforced white supremacy for nearly a century. The North won the Civil War, but the South won the peace, at least regionally. The trauma of electing the country’s first black president in this century reopened the wounds to white pride that never fully healed after Appomattox. Donald Trump, his own psychic wounds worn on the outside, exploited that grievance to win the presidency immediately following Barack Obama’s White House tenure. Talk of a second civil war persists among Trump’s red-hatted brownshirts and did so even before Trump lost reelection in 2020. A New Lost cause was born.
The euro has taken away the possibility for national governments to manage their economies in a meaningful way — and in Italy and Greece a couple of years ago, the people had to pay the true costs of its concomitant misguided austerity policies. The unfolding of the repeated economic crises in Euroland during the last […]
Our cultural excitement for the week was a visit to the spectacular Château Laurens in Agde, an art nouveau villa built at the end of the 19th century by a spectacularly rich idle opium smoker and yachtsman, sold to friends when he lost all his money, locked up for 50 years and then reopened in […]
I wonder what Franz Kafka would have to say about the social media phenom of “doxxing” (apart from “Whad’ya expect?!”). In case you missed it, here’s a chilling story from 2020: By the standards of the pandemic, Thursday had been a normal day for Peter Weinberg. A 49-year-old finance marketing executive, he worked from his home in Bethesda, Maryland, right outside of the District of Columbia, staying busy with Zoom meetings and the new rituals of our socially isolated world. Then, around 10 p.m., he received an irate message on LinkedIn from someone he didn’t know. He brushed it off, thinking it was probably just spam. Then he got another. And another. The third message was particular strange, as it mentioned something about the cops coming to find him. Perplexed, he watched as the messages continued to pile up. They were all so similar: angry, threatening, accusatory. His profile views suddenly soared into the thousands. He began to panic. He decided to check Twitter. Although he’d had an account for more than a decade, Weinberg didn’t use the social platform very much.
And a grifter gets his gig It’s football season and all the players and coaches are back on the field: But Joe Kennedy won’t be among them. The assistant coach of the Bremerton High School football team in Washington state quit his job after participating in just one game last week. Kennedy’s employment status is generally not worthy of national attention on its own terms. This particular coach, however, waged an eight-year legal battle to reclaim that job and got the Supreme Court to reshape the balance between church and state in public schools along the way. He won the case, he got his job back, and then he quit almost immediately. I have written before about the Supreme Court’s tendency in recent years to take what I have charitably described as “phantom docket” cases. But these might be more simply described as fake: They rest upon nebulous theories of standing, hypothetical injuries, and right-wing causes célèbre. Phantom-docket cases have allowed the court’s conservative majority to rewrite precedents while avoiding any immediate real-world consequences of their rulings.
They’re soon to be responsible for 20 million deaths Anti-abortion Republicans would have you believe that they are all about preserving life. We know that isn’t true by their blood-thirsty attitude about anyone they consider an enemy but this takes it to another level: The AIDS epidemic has killed more than 40 million people since the first recorded cases in 1981, tripling child mortality and carving decades off life expectancy in the hardest-hit areas of Africa, where the cost of treatment put it out of reach. Horrified, then-President George W. Bush and the U.S. Congress two decades ago created what is described as the largest commitment by any nation to combat a single disease. The program, known as the U.S. President’s Emergency Plan for AIDS Relief, or PEPFAR, partners with nonprofit groups to provide HIV/AIDS medication to millions around the world. It strengthens local and national health care systems, cares for children orphaned by AIDS and provides job training for people at risk.
The NY Times on rich GOPer hand wringing: On Labor Day, Eric Levine, a New York lawyer and Republican fund-raiser, sent an email to roughly 1,500 donors, politicians and friends. “I refuse to accept the proposition that Donald Trump is the ‘inevitable’ Republican nominee for President,” he wrote. “His nomination would be a disaster for our party and our country.” Many of the Republican Party’s wealthiest donors share that view, and the growing sense of urgency about the state of the G.O.P. presidential primary race. Mr. Trump’s grip on the party’s voters is as powerful as ever, with polls in Iowa and New Hampshire last month putting him at least 25 percentage points above his nearest rivals. That has left major Republican donors — whose desires have increasingly diverged from those of conservative voters — grappling with the reality that the tens of millions of dollars they have spent to try to stop the former president, fearing he poses a mortal threat to their party and the country, may already be a sunk cost.
Use to discuss topics unrelated to recent posts.
Andrew Forrest makes impassioned plea for governments to hold business responsible for climate action. African countries struggle to extract their natural resources without destroying their environments and people. Dr Twiggy’s prescription for human survival If you’ve got 24 minutes, I strongly recommend watching Andrew Forrest’s speech at the Boao Forum for Asia Annual Conference in Continue reading »
Referral comes in same week the controversial procurement will face a second parliamentary hearing. The Defence Department’s $46 billion (and rising) acquisition from BAE Systems of nine warships has been referred to the National Anti-Corruption Commission (NACC). The referral follows our exclusive two-part investigation into Australia’s second largest naval procurement. Greens’ defence spokesperson Senator David Continue reading »
“It is no measure of health to be well adjusted in a profoundly sick society” – Jiddu Krishnamurti It’s one of the most revealing ironies of our time, namely, the obsession with health and wellbeing while we, in wealthy nations, have never been so sick. Soul sick. There’s nothing new about this. James Hillman in Continue reading »