Category: Economics/Class Relations

Money Doesn’t Matter

By David Pan TELOS Concerns about inflation can lead us to exaggerate the role of money in the economy. In his essay on “Three Rival Versions of Monetary Enquiry,” in Telos 194, Edward Hadas argues that money is not at the center of economics. Instead, economics is fundamentally about […]

The Black Book of Capitalism?

I suppose if you added up the sum total of everyone killed during colonialism, the slave trade, imperialist wars waged by capitalist regimes, and preventable deaths due to deprivation imposed on subject states, you could arrive at a number not too far from this.

Don’t Cancel Student Debt

By Emma Camp and Danielle Thompson, Reason For many of the 43 million Americans weighed down by student loan debt, making their monthly payments is a major drag on their lives. About a third of undergraduates going for a bachelor’s degree are either dropping out or taking more […]

Who is Nicole Shanahan? Inside the life of Google co-founder Sergey Brin’s estranged wife, who had an alleged affair with Elon Musk.

Business Insider Who is Nicole Shanahan? Inside the life of Google co-founder Sergey Brin’s estranged wife, who had an alleged affair with Elon Musk. A California-based attorney, Shanahan founded the legal tech company ClearAccessIP before focusing on more philanthropic ventures. READ MORE Walmart says the high cost of […]

Elon Musk reportedly dropped to his knees and begged for forgiveness after his affair with Google co-founder Sergey Brin’s wife

Business Insider Elon Musk reportedly dropped to his knees and begged for forgiveness after his affair with Google co-founder Sergey Brin’s wife While Brin acknowledged the apology, the two tech moguls and longtime friends are not currently speaking, the Wall Street Journal reported. READ MORE Elon Musk reportedly […]

We’re All Sri Lankan Farmers Now

The Corbett Report by James Corbett corbettreport.com July 23, 2022 Last week I wrote about how “We’re All Dutch Farmers Now.” As you’ll recall from that editorial, there is a battle taking place right now between farmers in the Netherlands and the technocrats in their government who are […]

The ‘Great Regret’ isn’t just for job switchers. Some of the smartest companies in the world realized they hired too many people.

Business Insider The ‘Great Regret’ isn’t just for job switchers. Some of the smartest companies in the world realized they hired too many people. Companies saw booming growth, and hired accordingly. Now, the market is slowing — and workers are paying the price. READ MORE The nation’s largest […]

Fuel shortages, massive debts, and protesters partying in the presidential palace: Here is what’s going on in ‘bankrupt’ Sri Lanka

Business Insider Fuel shortages, massive debts, and protesters partying in the presidential palace: Here is what’s going on in ‘bankrupt’ Sri Lanka Sri Lanka’s president has resigned following widespread protests sparked by an economic collapse tearing the country of 22 million people apart. READ MORE Athletic Brewing Company […]

We’re All Dutch Farmers Now

by James Corbett corbettreport.com July 17, 2022 For weeks now, farmers in the Netherlands have been engaging in heated protests over their government’s plan to halve the country’s nitrogen and ammonia pollution by 2030. It is estimated that this plan—which will mandate emissions cuts of 95% in some […]

Krystal Kyle & Friends | Gary Gerstle

This week, we’ve prepared a conversation for you with the brilliant scholar Gary Gerstle, whose research on what defines the global neoliberal order can also help us understand what might bring that order to a close. We’re sharing this conversation on the heels of the news that Manchin, […]

Warren Buffett’s Berkshire Hathaway just plowed another $250 million into Occidental Petroleum. It now commands a 19.2% stake worth over $10 billion

Business Insider Warren Buffett’s Berkshire Hathaway just plowed another $250 million into Occidental Petroleum. It now commands a 19.2% stake worth over $10 billion If Buffett’s company reaches a 20% stake in Occidental, it can include a share of the energy company’s profits in its own earnings. READ […]

Investors should expect more earnings misses and weak guidance as companies struggle with slowing demand and looming recession risk, Bank of America says

Business Insider Investors should expect more earnings misses and weak guidance as companies struggle with slowing demand and looming recession risk, Bank of America says Corporate sentiment is at its lowest level since the start of the pandemic, and macro headwinds to earnings growth are steadily building. READ […]

Dave Ramsey says if you can’t afford a 15-year mortgage, you can’t afford the house. A real estate expert disagrees: ‘Avoiding debt at all costs is not always a sound financial decision for everyone’

Business Insider Dave Ramsey says if you can’t afford a 15-year mortgage, you can’t afford the house. A real estate expert disagrees: ‘Avoiding debt at all costs is not always a sound financial decision for everyone’ We asked experts about some home buying advice from author Dave Ramsey […]