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On Economic Madness

Luke Pretz Against the Current
David Harvey's book both distills Marx's Capital and makes the text relevant in understanding today's contagion of neoliberal globalization.

Tidbits - July 26, 2018 - Reader Comments: Young Voters, New Voters; Obama Nelson Mandela Speech; Uranium Danger, Tar Sands Explosion; Julian Assange; Immigrants, Deportations; Kavanaugh; Israel's Jewish 'Nation State' Law; Cuban Revolution; and more...

Portside
Reader Comments: Young Voters, New Voters; Barack Obama Nelson Mandela Speech; Uranium Danger, Tar Sands Explosion in West Virginia; Julian Assange; Immigrant Hunger Strikes; Kavanaugh; Israel's Jewish 'Nation State' Law; Cuban Revolution; and more..

What Is the Tragedy of the Commons?

What happens when individuals each seek to exploit a shared resource without rules that protect the common good? Another story of markets being irrational. 

books

Two Intellectual Giants of the American Left

Paul Buhle Monthly Review
Two Marxists associated with the left journal Monthly Review correspond in the years leading up to the publication of their magisterial Monopoly Capital. The reviewer calls the collection "fascinating for its details and quiet wisdom," grappling with a reconfigured empire that persists today.

The Monopolization of America

Robert Reich takes a take an in-depth look at antitrust laws in the United States and explains how corporate giants have come to dominate the American economy and politics.

US Trade Deficits, Trump Trade Policies, and Capitalist Globalization

Marty Hart-Landsberg Reports from the Economic Front
The US trade deficit is the result of a conscious globalization strategy by large multinational corporations. This strategy has greatly paid off for them. They have been able to use their mobility to secure lower wages, reduced regulations and lower taxes.

We Must Cancel Everyone’s Student Debt, for the Economy’s Sake

Eric Levitz New York Magazine
Students at a graduation ceremony Student debtors were, in many, many cases, persuaded to make poor financial decisions by their own government — which, as the owner of their debts, now stands to profit from those mistakes. By wiping the slate clean, Uncle Sam wouldn’t just improve the macroeconomy, but also increase its fairness, and reduce racial inequality.
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