Posts Tagged ‘economics’

The Economics of K-Pop

May 27, 2020

K-Pop, South Korea’s pop music, is big business. A PolyMatter video.

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Trump Economic Recovery Panel: Libertarian Clown Posse

April 15, 2020

Trump Economic Recovery Panel: Libertarian Clown Posse

President Trump announced the members of his Coronavirus economic recovery panel yesterday. He calls it the Great American Economic Revival and, true to its name, it’s got an amen corner of true believers. Unfortunately for a panel on government economic interventions, they’re fundamentalist Libertarians, believers in a savage free market “red in tooth and claw,” and opposed to any government intervention in American life. The market Malthusian “though leaders” on this committee are from the Cato Institute, Heritage Foundation, American Enterprise Institute, and Conservative Partnership Institute. Even the name “Great American Economic Revival” was provided by a Right-Wing media group.

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Is History Important?

March 17, 2020

If we’re headed for a recession, blame the economists who flunked history class, explains Robert Skidelsky in this video from the Institute for New Economic Thinking.

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Banning Stock Buybacks

March 9, 2020

When the Trump administration slashed their taxes, corporations invested the windfall in building new facilities and creating new jobs, right? Of course not. They spent the cash on stock buybacks. That’s good for corporate execs but a disaster for the economy. William Lazonick explains in this video from the Institute for New Economic Thinking.

More:

“Why Stock Buybacks Are Dangerous for the Economy,” William Lazonick, Mustafa Erdem Sakinç, and Matt Hopkins,. Harvard Business Review

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Who pays the lowest taxes in the US?

February 14, 2020

Who pays the lowest taxes in the USA? Yep, that’s right, poor folks.

More:

“How to Tax Our Way Back to Justice,” Emmanuel Saez and Gabriel Zucman, New York Times

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America’s Class Problem

January 30, 2020

You’ve heard about the 1%, but Matthew Stewart argues that 9.9% of the U.S. population is America’s new aristocracy, and it’s an insidious threat to the promise of American democracy. A video from The Atlantic.

More:

“The 9.9 Percent Is the New American Aristocracy,” Matthew Stewart, The Atlantic

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Donald Trump Joins Javanka at Davos 2020

January 21, 2020

Donald Trump Joins Javanka at Davos 2020

World leaders and the billionaires who own them are now gathered in Davos Switzerland at the annual meeting of the World Economic Forum. Even though the Davos golf season ended in October, US President Donald Trump has joined White House Lifestyle guru Ivanka Trump, her husband Secretary of Everthing Jared Kushner, and foreclosure king and Treasury Secretary Steven Mnuchin at the high-powered global economics meeting. We expect the president to use the globalist event to address “America First” political supporters back home, contest his impeachment trial at a safe distance, and check out the specifics of the Swiss-US extradition treaty.

Mr. Trump’s attendence at Davos is expected to cost U.S taxpayers $3.4 million in addition to security costs, salaries, and the $2.2 million needed to fly Air Force One round-trip between the US and Zurich and the Marine One helicopter from Zurich to Davos and back.

More:

“Trump sets off for Davos just as Senate impeachment trial heats up,” Jeremy Diamond, CNN

“Trump in Davos: Talking up economy, brushing off impeachment,” Darlene Superville, Associated Press

“Trump Focuses on Economy at Davos, Seeking a Counter to Impeachment,” Annie Karni and David Gelles, New York Times

“Trump is on trial for abuse of power – the Davos elites should be in the dock too,” The Guardian

“Trump, in Davos to Talk Trade, Lashes Out at Enemies Back Home,” Annie Karni, New York Times

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Davos 2020: The USA is Represented by Ivanka.

January 6, 2020

Davos 2020: The USA is Represented by Ivanka.

World leaders and the billionaires who own them will gather in Davos Switzerland this month for the annual World Economic Forum. The United States will be officially represented by White House Lifestyle guru Ivanka Trump and her husband, Secretary of Everthing Jared Kushner. Ms. Trump’s appearance will follow her keynote address at the 2020 Consumer Electronics Show where she’ll doubtlessly talk about replacing the abused workers in her garment sweatshops with robots.  Since the Davos golf season ended in October, President Trump may not attend again this year.

More:

“Ivanka and Jared included in presidential delegation to Davos,” Matthew Choi, Politico

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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How America’s CEOs got so rich

December 9, 2019

How did American CEOs get insanely rich? Stock buy-backs. A Vox video.

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Will Economists Flunk History, Bring On Recession?

December 5, 2019

Robert Skidelsky explains why economists need to know history. He assumes that political leaders listen to economists. As an economist, he should know better. A video from the Institute for New Economic Thinking.

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