These bank failures were entirely avoidable if Congress and the Fed had done their jobs and kept strong banking regulations in place
The essence of neoliberalism is to promote classical capitalism and remove the State from its role as regulator and controller, and create a huge increase in income and wealth inequality.
Ultimately it is crisis-ravaged real estate where Blackstone seeks to continue to find a goldmine while anchored by generous political contributions and fueled by desperation capital pouring out of central banks and governmental treasuries.
As fewer people remain able to afford rent in big cities, more leave those cities for cheaper regions, or simply fall out of the housing market and into homelessness. Think tanks and activist groups are thinking outside the box with solutions.
No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.
History, Taylor writes, is not repeating itself with housing inequality, but cyclically proceeding as an inevitable effect of a racialized system perpetuated by capitalism.
The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.
High-interest loan companies are using Utah’s small claims courts to arrest borrowers and take their bail money. Technically, the warrants are issued for missing court hearings. For many, that’s a distinction without a difference.
What if the banking, asset-management, and insurance industries moved away from fossil fuels?
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