The economic consequences of capitalism’s profit-driven movement out of its old centers (Western Europe, North America, and Japan) brought capitalism there to its current crisis.
The moral of the story is that there is nothing about AI technology that should lead to mass unemployment and inequality. If those are outcomes, it will be the result of how we structured the rules, not the technology itself.
President Biden’s NIH rejects a petition to seize the patent of an unaffordable prescription drug.
Unfounded Fed tightening myths are backfiring on the economy.
Texas-based RealPage’s YieldStar software helps landlords set prices for apartments across the U.S. With rents soaring, critics are concerned that the company’s proprietary algorithm is hurting competition.
To avoid the energy catastrophe and reverse the huge loss in living standards already under way, we need to take over the fossil fuel companies and phase out their production with increased investment in renewables, to reduce fuel prices for households and small businesses.
The inflation panic is causing some Democrats to pivot from social spending to deficit reduction. That’s exactly the wrong approach.
The rise in inflation has not been driven by anything that looks like an overheating labor market—instead it has been driven by higher corporate profit margins and supply-chain bottlenecks.
A proposal for the WTO to waive intellectual-property rights on pandemic-related pharmaceuticals is still languishing due rich countries companies reaping monopoly profits. A public-health bill in Brazil points to a promising bottom-up solution.
Companies are raising prices well above increases in their costs. The only antidote is to finally take action against corporate power.
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