Tag Archives: Cartels

The Illusion of Getting Rich While Producing Nothing

By Charles Hugh Smith Source: Of Two Minds Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than the conviction that we can all get fabulously rich from speculation while producing nothing. The key characteristic … Continue reading

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Why Don’t Billionaires Pay the Same High Tax Rates the Rest of Us Pay?

By Charles Hugh Smith Source: Of Two Minds The truth is America has lost its way if commoners pay a rate of 40% but its billionaires pay next to nothing. As with everything else in polarized America, billionaires proclaiming space … Continue reading

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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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