Share buybacks and the parasitism of US capitalism
By Nick Beams The economist William Lazonick is a long-time campaigner against share buybacks by major corporations which he rightly regards as an extreme form of parasitism, financial plundering and a major factor in social inequality. His political perspective is, however, an entirely reformist one. He would like to see increased regulation,
US’ Credit Crunch: the fall in money supply since 2022 the largest since Great Depression
By Ryan McMaken Money supply growth fell again in June, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. June's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply
ECB raises the three key interest rates by 25 basis points
Staff Writer Issuing its Monetary Policy Decisions, on July 27, the European Central Bank (CEB) has announced that it has decided to raise three key interest rates by 25 basis points to ensure inflation returns to its 2% medium-term target in a timely manner. The decision reflects the Governing Council's assessment
What is Wickremasinge’s Social Market Economy ?
What is Sri Lanka President Ranil Wickremasinghe proposing when he refers to a Socal Market Economy (SME) ? UNP Government in 2015 proposed the same. Redeem Sally wrote an article published in DailyFT on 07 October 2015. We republish it here. SME is another pseudo-name for Neoliberal Market Economy,