Tag Archives: Cartels

Sacrifice for Thee But None For Me

By Charles Hugh Smith Source: Of Two Minds The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much choice in the seating. Words can … Continue reading

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No, This Is Not Another 1929, 1973, 1987, 2000, or 2008

By Charles Hugh Smith Source: Of Two Minds Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly. Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation … Continue reading

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Costs Are Spiraling Out of Control

By Charles Hugh Smith Source: Of Two Minds And how do we pay for these spiraling out of control costs? By borrowing more, of course. If we had to choose one “big picture” reason why the vast majority of households … Continue reading

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Corporate America Is an Anti-Social Black Plague: Negative Network Effects Run Amok

By Charles Hugh Smith Source: Of Two Minds The anti-social carnage unleashed by Corporate America’s “lock-in” / negative network effects has no real limits. Here’s the U.S.economy in a nutshell: Corporate America is an anti-social Black Plague, gorging on cartel-monopoly … Continue reading

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Prices, plutocrats, and corporate concentration

Would less corporate concentration – and a weaker corporate capacity to raise prices – mean less inequality? By Sam Pizzigati Source: Nation of Change Andrew Leigh, a member of the Australian parliament, has a side gig. He just happens to … Continue reading

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“It’s Crucial to Break Up Facebook”

By Asher Schechter Source: ProMarket Four decades ago, writes Tim Wu in the introduction to his recent book The Curse of Bigness, the United States and other countries entered into a sweeping experiment that radically transformed their economies and politics. … Continue reading

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National Bankruptcy as a Board Game

By Dmitry Orlov Source: Club Orlov Most people are familiar with the game Monopoly. Its goal is to teach capitalist kiddies a valuable lesson about capitalism; namely, that in running a business it isn’t useful to shoot for some happy … Continue reading

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Why Are so Few Americans Able to Get Ahead?

By Charles Hugh Smith Source: Of Two Minds Our entire economy is characterized by cartel rentier skims, central-bank goosed asset bubbles and stagnating earned income for the bottom 90%. Despite the rah-rah about the “ownership society” and the best economy … Continue reading

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