Saturday , October 31 2020
Home / Tag Archives: Social policy

Tag Archives: Social policy

Limited Liability: Profit Without Responsibility

Yves here. Sundaram provides an informative, high level discussion of the hazards posed by limited liability companies. One might add that they are less dangerous in a system with strong regulation, liability protection, and a legal regime that does not undermine class action litigation. The egregious case of the Sacklers and Purdue Pharma points to the need to be able to penetrate the corporate veil for fraudulent activity in combination with efforts to move assets out of the company to...

Read More »

Profits Over Human Life? ER Doctor’s Story Is Fearful Lesson for U.S. Workers During Pandemic

Yves here. While whistleblower Dr. Ming Lin has secured employment while pursuing damage claims against the hospital system and his immediate private equity employer, TeamHealth, for terminating him for speaking out against poor Covid procedures, it’s the medical version of exile to Siberia. Lin is now working in Rosebud, South Dakota for the Lakota, at least an 18 hours drive from his home. Even though Native American nations deserve first class care, the reality is that reservations by...

Read More »

How To Break the Covid Doom Loop

Yves here. While this proposal sounds more realistic than other schemes on offer, I still wonder if it would work all that much better than the shambolic approaches in countries and communities where Covid has settled in. And on top of that, we have the sobering spectacle of countries in Europe that had gotten infection rates down now seeing troubling upsurges. In other words, I keep coming back to the notion that the disease is in control and it takes pretty stringent measures to lower...

Read More »

Why the George Floyd Protests Succeeded Where Others Failed

Yves here. This post describes some of the factors that pushed the Black Lives Matter protests past a tipping point. Recall that Black Lives Matter looked about to achieve a break-out into national consciousness after the killing of Eric Garner. “Die-ins” in high-profile places like Grand Central, which regularly had substantial non-black participation, were getting traction. Lambert was tracking Black Lives Matter intensely at the time and saw how Democratic party operatives moved quickly to...

Read More »

How Three Prior Pandemics Triggered Massive Societal Shifts

This is Naked Capitalism fundraising week. 1501 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year, and our current goal, more original reporting. Yves here. Note the author takes pains to stress that the death...

Read More »

“Why I’m Voting for Donald Trump”

This is Naked Capitalism fundraising week. 1500 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year, and our current goal, more original reporting. Yves here. Given how Trump having contracted Covid has invalidated...

Read More »

Coronavirus Economic Distress Hitting Indebted Professionals

The Wall Street Journal describes tonight how the line between two tiers of the Covid economy isn’t as tidy as many might think. It isn’t just hourly workers in service businesses like restaurants and hotels who are seeing smaller or even no paycheck. High income professionals are also in distress due to having relatively high level of borrowings which makes them vulnerable to declines in income. We warned early on, as did a Bloomberg story in June, that layoffs would increase higher up the...

Read More »

America’s Dire Inequality Demands a New Conceptual Framework. This Economist Has One.

Yves here. I’m glad to see Lance Taylor taking on some pet ideas about inequality and low growth that have sadly gotten a following among policymakers. Or to put it another way, too many economists have been reluctant to take the most obvious cause of inequality seriously: that businesses-owners and the wealthy conducted a very successful class war against workers, particularly organized labor whose negotiations provided an anchor for both other blue collar and white collar wages and working...

Read More »

How US Consumers Use Their Stimulus Payments

Yves here. Although the reinforcement of the neoliberal frame (“consumers” as opposed to “citizens”) is irritating, this study of the impact of stimulus payments debunks the idea that helping the poors makes them lazy. By Olivier Coibion, Associate Professor, UT Austin; Yuriy Gorodnichenko, Quantedge Presidential Professor, Department of Economics, University of California – Berkeley; and Michael Weber, Associate Professor of Finance, University of Chicago Booth School of Business. Originally...

Read More »

Robert Pollin: Biden Not Phasing Out Fossil Fuel, Relies on Carbon Capture

Yves here. Biden has managed to steer clear of saying much about his plans, and reports from Democratic party foot soldiers state that that is no accident. Frankly, I can’t believe he’s flogging capture, but it appears he thinks he can satisfy climate change activists without ruffling any carbon producers or users. Robert Pollin gives a detailed critique of Biden’s program in his talk with Paul Jay. I hate to sound negative about efforts to Do Something about accelerating global warming, but...

Read More »