Is our compensation system pushing us to do things that are right for society generally? There is a great misconception that is almost a requirement for one to believe if one lives in the US. This is that high pay is necessary for motivation and that more pay causes more motivation, and that this motivation [...]
Archive for the ‘Economics’ Category
How High Pay Interferes With Ethical of Even Logical Decision Making
Posted in Debt Peonage, Economics on January 17, 2010 | Leave a Comment »
Nobody Actually Reads Karl Marx and Capital
Posted in Economics, tagged Michael Hudson on August 25, 2009 | 12 Comments »
Why Read Marx? After being criticized as a socialist by several critics, or worse a communist because I disagree with the bailout and the increased financial corruption of the US, I thought I would take a shot at reading Karl Marx. I downloaded the following PDF documents off of the internet: Capital: Book 1 Capital: [...]
Undermining the US Worker with Outsourceing Lunacy at Boeing
Posted in Economics, tagged Boeing, Deindustralization on August 15, 2009 | Leave a Comment »
Boeing would like to focus on design (which was greatly subsidized by US taxpayers) and on painting the airplane. As for manufacturing one of the most complex project items commonly purchased, Boeing does not see it as a core competency. How does a country fall from a high economic perch? It does so by having [...]
Productivity Benefits Not Shared With Normal Workers
Posted in Economics, Globalization, tagged Michael Hudson on August 13, 2009 | Leave a Comment »
Finding a Graph of the Problem Where is the chart showing the growth of productivity going back to 1950? Productivity has grown close to 4 times since 1950, however wages have seriously lagged. The following quote is indicative of the issue. Here is one graph we found from the BBC, but it does not go [...]
The Problem with Milton Friedman – Compendium
Posted in Economic Bubbles, Economic Regulation, Economics, tagged Milton Friedman, SEC, Nobel Prize, Naomi Klein, Larry Summers on April 30, 2009 | 3 Comments »
Professor Friedman felt both that corporations had no business spending money for social good, and that business should not be regulated, because all regulation would eventually be captured by business interests. What type of world would this result in we wonder? Of the posts on this blog, those related to Milton Friedman seem to be [...]
Is Google a Monopoly?
Posted in Economic Regulation, Economics, Monopoly, tagged Google, Microsoft, Goldman Sacks, SEC on April 16, 2009 | Leave a Comment »
Understanding Monopolies Our last post on monopolies gathered good reader interest, so we thought we would delve into the topic of monopolies a bit more. The question many people ask is “Is Google A Monopoly?” For some reason, this seems of more interest to many people that asking say…if Bank of America is a monopoly. [...]
F-22 is The The Least Effecive Type of Stimulation Spending
Posted in Economics, Videos, tagged SEC on April 14, 2009 | Leave a Comment »
The F-22 burns through fuel and taxpayer money at a massive rate. The military has no idea what to do with this plane, but Lockheed wants to keep building it, not because it has any military value, but because it is a “great way to create jobs.” Remind us not to go to Lockheed when [...]
Unconstitutional Fed Makes International Banking Cartel Happy
Posted in Banking, Currency, Economic History, Economics, Misleading Financial Institutions, Videos, tagged Alan Grayson, CEPR.net, Goldman Sacks, Henry Paulson, Hoover Institute, Ron Paul, SEC on April 13, 2009 | 1 Comment »
What would you do if you learned that your government had outsourced its central banking function to a private company? Furthermore that this company had only a loose affiliation to the government, and that the government have very little oversight into this entity both in terms of controlling its behavior and being able to see [...]
Why Corporation Love Monopolies
Posted in Economic Regulation, Economics, Monopoly, tagged SEC on March 28, 2009 | Leave a Comment »
Monopoly..the favorite game of corporations. When not playing it, or trying to become a monopoly, they like to get onto television shows talking about how much they love free markets.Why Discuss Monopolies? Of the people that visit this blog, a large percentage of them arrive at it through a single keyword “monopoly.” This is surprising [...]
Nobody Actually Reads Adam Smith and A Wealth of Nations
Posted in Deliberately False Financial Information, Economic History, Economic Regulation, Economics, tagged Adam Smith, SEC, Conservative Values on March 27, 2009 | 9 Comments »
Who Was Adam Smith? Adam Smith was an economist who lived in the 1700s in Scotland had a great influence on economics through the writing of his book The Wealth of Nations. This book is quoted frequently by business majors and by conservatives as an explanation for how to setup an economic system. His most [...]
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