Tuesday , April 20 2021
Home / Tag Archives: Regulations and regulators

Tag Archives: Regulations and regulators

Michael Hudson Asks Our Readers: If Democracy Winds Up Creating Financial Dominance, What Do We Call China?

Yves here. I hope readers will take Michael Hudson’s query to heart. His work has demonstrated how the financial sector tends to gain power and increase inequality if unchecked via debt jubilees or other methods to keep it from acting as a rentier and creating debt peonage. He wonders what would be the most fitting label for countries that like China have adopted substantial elements of a modern market economy but are taking steps to restrict the influence of financiers. By Michael Hudson, a...

Read More »

FTC, Where Art Thou?: Appliance Manufacturers Routinely Invalidate Warranties if Customers Use Third-Party Repair Services

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Appliance repair is on my mind at the moment. Why? The dishwasher at our winter rental beach hideaway, where my husband and I have sequestered ourselves to avoid the pandemic, died last Friday. Leaving us to do the dishes. I know, I know, a first world problem. And a task I’ve done before, and no doubt will do many times again. We didn’t have a...

Read More »

New York Joins Pot Party

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. New York became the fifteenth state to join the pot party when governor Andrew Cuomo signed legislation on March 31. As The City explains: The historic law, the culmination of drawn-out, fierce negotiations in Albany, will allow people to possess up to three ounces of pot and grow a limited amount of cannabis at home. The measure also will expunge...

Read More »

Chicago School Economists Got it Wrong. Strong Antitrust Policy Boosts the Economy.

Yves here. Intellectual and public support is necessary but not sufficient for officials and courts to take on companies with excessive market power. One way is to break them up. The other is to regulate them. I’m not at all sympathetic to the whinging of the likes of Facebook that it would be hard to dis-integrate business they’d acquired not that long ago. Help me. This is all bloody code. It’s not even remotely like going to Mars. Remember back in the days of the Microsoft antitrust suit,...

Read More »

End Vaccine Apartheid Before Millions More Die

Yves here. Obviously Big Pharma killing people en masse in low income countries by not allowing them to acquire Covid vaccines is an atrocity, yet all too true to form. Not only are drugmakers refusing to issue waivers to allow low income countries to manufacture under a low-cost vaccine license or waiver, they are going to charge them more than EU member states to buy them! And the bean-counters may further hope that by having Covid not contained in large swathes of the population will lead...

Read More »

The Bullshit Economy Part 2: Payday Loans 2.0, aka Early Paycheck Apps

Yves here. It’s disheartening to see an abuse like payday loans back in the form of a cute app with a misleading name, early paycheck, that finesses that the user owes the party who advanced the dough, including a hefty premium. But the need it fills is the same. IBy Jared Holst,  the author at Brands Mean a Lot, a weekly commentary on the ways branding impacts our lives. Each week, he explores contradictions within the way politics, products, and pop-culture are branded for us, offering...

Read More »

Cabin Fever: Americans (of Means) Keen to Travel. How Many Will Play it Safe?

Europe is in the midst of a Covid surge. The Qantas CEO is talking up vaccination passports, and the EU is planning on one for within the bloc, although the WHO is not on board. New variants are spreading abroad in the US. Yet with infection rates merely down to where they were five months ago, and only about 10% of the population fully vaccinated (and no solid data on whether/how much having been vaccinated reduces spread), American are sick of being cooped up. Many people want back to some...

Read More »

How Employers Punish Workers for Forming Unions

Yves here. Think forming unions gets workers better deal with their employers? As Yogi Berra said, “In theory, there is no difference between theory and practice. In practice, there is.” As Tom Conway explains, companies have a boatload of tricks to stymie sitting down with new unions. By Tom Conway, the international president of the United Steelworkers Union (USW). Produced by the Independent Media Institute Workers at Solvay’s Pasadena, Texas, plant voted overwhelmingly to join the United...

Read More »

Another Blow to Tax Evasion and Money Laundering: UK Targets Art Market After US Goes After Anonymous Shell Companies

Governments in advanced economies are getting more serious about chipping away at hidden wealth. Admittedly, they have a long way to go. Gabriel Zucman, in his The Hidden Wealth of Nations, estimated that 8% of household wealth, which was $7.6 trillion when he published his book in 2013, was in tax havens. Sometimes people with lots of dough hidden in these lockboxes want to use it, hence the use of shell companies and other devices to make use of the funds without tipping off the tax man....

Read More »

Patent System Often Stifles the Innovation It Was Designed to Encourage

Yves here. This is a useful, high level recap of what ails the US patent system and what elements need fixing for it to protect bona fide inventors, as opposed to crafty lawyers and patent-writers. By Michael J. Meurer, Professor of Law, Boston University and Janet Freilich, Associate Professor of Law, Fordham University. Originally published at The Conversation Over his career Thomas Edison garnered more U.S. patents than anyone in his time. Edison profited from his patents, but he was also...

Read More »