© Jen Sorensen Don’t get me wrong — I love free markets. But free markets require careful regulation to keep them free. Democracy and freedom still requires the rule of law. Otherwise we end up with monopolies, corporations as people, robber barons, corporate welfare, and economic stagnation. In fact, the point of this comic is […]
Business Insider has a detailed analysis of Kansas’s Grand Conservative Experiment of reducing the size of their government by cutting taxes and cutting government. They did something interesting in that they analyzed the results based on the results predicted by Governor Sam Brownback’s administration: Nick Jordan, the state’s revenue secretary, said the administration ultimately imagines […]
The New Yorker has a must-read article about health care. If you can, go read it now. Their point is that conseratives are treating health care as if it is just another business. A way to make a profit. But health care is not about economics, in fact, it is actually anything but. Health care […]
In the TV show “Gunsmoke” the bad guys were often ordered to “get the hell out of Dodge” — a reference to Dodge City, Kansas. Well, it looks like somebody has told that to Kansas Governor Sam Brownback. The word is out that Brownback is not only leaving the state, but leaving the country as […]
I’ve been thinking about the economic crisis in Greece (and the rest of Europe), and I have one question: When did bankers stop acting like businessmen and start acting like gangsters, who will kneecap customers if they don’t repay their loans? I don’t ask this question because I am a socialist, I ask it because […]
In 2010, former ultra-conservative Senator Sam Brownback was elected governor of Kansas. Then, with massive help from the Koch brothers (who are headquartered in Wichita), he engineered a Tea Party takeover of the legislature, which became the most conservative state legislature in the nation by purging virtually all of their moderate Republicans (the Democrats having […]
“When the rate of return of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which which democratic societies are based.” […]
© John Backderf Conservatives seem to think that the poor deserve their fate because they are too lazy to do anything about their situation. And you know, in a funny way, they might be right. After all, somebody has to be voting for these politicians who claim that the rich are the “job creators” and […]
David Sirota has a really good column in Salon today: “Ayn Rand is for children” that explores the mystery of why some people think the fiction of Ayn Rand actually describes a reasonable political ideology. And his argument of why it does not can also serve as a 12-step guide to how to grow out […]
The Economist magazine — who should be his biggest boosters — takes a long, hard look at Mitt Romney, and doesn’t like what they see. A few quotes, but the whole article is worth reading: All politicians flip-flop from time to time; but Mr Romney could win an Olympic medal in it (see article). Would […]
© Keef Knight As someone recently pointed out, at some point how much money you have becomes meaningless, except to compare yourself to other people (mainly other people richer than you are). Or to give yourself bragging rights. UPDATE: What has “trickle-down economics” given us? Corporate profits just hit an all-time high, while at the […]
The Senate race in Massachusetts looks like it will be one of the hardest fought, and most closely watched races of the 2012 election. Republican Scott Brown stunned Democrats when he won Edward Kennedy’s old seat in 2010, which Dems stupidly assumed they owned. But now, Elizabeth Warren is leading Brown in polls by seven […]
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