Thursday, October 19, 2017

Tag: Deregulation

Summers Warns of Financial-Crisis Risk From Trump Economic Plans

Former U.S. Treasury Secretary Lawrence Summers attacked the policy proposals of Donald Trump on several fronts, saying the president-elect’s plans for deregulation were setting the stage for the next financial crisis. “The deregulation in some areas like finance is hugely dangerous,” Summers said Sunday in an interview on Fox News Channel....

Presidential Elections: Myths and Deceits

Every aspect of this year’s US Presidential election has been fraught with myths, distortions, fabrications, wishful thinking and invented fears. We will proceed to discuss facts and fictions. Electoral Participation The mass media, parties and candidates emphasized the ‘unprecedented voter turnout’ in the elections. In fact, 48% of the eligible voters abstained. In other words,...
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Michael Hudson on the Orwellian Turn in Contemporary Economics

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire...

The Nation’s Biggest Banks Have Gotten a $130 Billion Boost from Trump Win

Biggest winner: Bank of America. Donald Trump and the big banks appears to be this year’s biggest story of unrequited love. While Trump has accused Wall Street of trying to ruin the country on the election trail, investors banking on the fact that the next president will be good for nation’s...

As Deadline Looms, WikiLeaks Reveals Corporate Demands from the European Union in the Trade...

Demands by the EU to Lock in Privatization of Public Services in Developing Countries; Financial Services Deregulation; and Antidevelopment Provisions Revealed; Secretive, Antidemocratic Deal Must Not Be Rushed to Conclusion Today, for the first time, WikiLeaks released demands by the EU to lock in a wide list of services sectors...

Posting New Secret Trade Docs, Wikileaks Further Exposes Corporate Plot

Despite its importance both the US Presidential candidates Hillary Clinton and Donald Trump have thus far given no position on the TISA Agreement. Even as it continued to post new batches of emails from Clinton campaign chairman John Podesta, Wikileaks on Friday also published new draft chapters of the Trade...

Neoliberalism: Oversold?

Instead of delivering growth, some neoliberal policies have increased inequality, in turn jeopardizing durable expansion Milton Friedman in 1982 hailed Chile as an “economic miracle.” Nearly a decade earlier, Chile had turned to policies that have since been widely emulated across the globe. The neoliberal agenda—a label used more by...

Wrong all along: Neoliberal IMF admits neoliberalism fuels inequality and hurts growth

Top International Monetary Fund researchers concede austerity, privatization & deregulation can hurt more than help. The world’s largest evangelist of neoliberalism, the International Monetary Fund, has admitted that it’s not all it’s cracked up to be. Neoliberalism refers to capitalism in its purest form. It is an economic philosophy espoused by...

IMF calls for labour market reform to boost jobs

Reforms include higher public spending to help the jobless find work, cutting benefits to encourage the jobless to take low-paid work and cutting taxes. The protracted weakness of the global economy has highlighted the need for lower taxes on employment and higher public spending to get the unemployed back into...
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Julian Assange on the Trans-Pacific Partnership: Secretive Deal Isn’t About Trade, But Corporate Control

As negotiations continue, WikiLeaks has published leaked chapters of the secret Trans-Pacific Partnership — a global trade deal between the United States and 11 other countries. The TPP would cover 40 percent of the global economy, but details have been concealed from the public. A recently disclosed "Investment Chapter"...

The Most Outrageous Fraud Ever Perpetrated on the Canadian People

“Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.” —William Lyon Mackenzie King, Prime Minister of Canada, 1935 Powell River, BC. You know the old aphorism – “If a tree falls in the...

Adam Smith Was Right about Corporate CEOs Incentives absent Effective Regulation

Our different views prove that hindsight is often myopic. Larry White’s take is that Clintonian regulations perverted private incentives. The boom and bust happened in a system with ... extensive legal restrictions on financial intermediation. Nor have we had banking and financial deregulation since ... 1999. (One can’t explain an unusual...

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