What is the most immoral industry? Tobacco? Maybe. Guns? A contender. But it is hard to imagine any industry more loathsome than private prisons. And everyone should know exactly what respectable people are giving private prisons their money.
The Trump Labor Department this week issued an extremely important advisory to all of you with retirement accounts: do not, under any circumstances, try to invest your money ethically. Got it?
Finland, a civilized nation near the top of the world, has decided to end its experiment providing a basic income to citizens. This will prompt predictable reactions from predictable factions. But maybe we should spend more time looking backwards, rather than forwards?
Scott Pruitt is crooked. This is inarguable, or at least it would be if so many people weren’t professionally or ideologically obligated to argue the point. The facts are damning: In addition to his scandals involving the spending of public funds on his lavish jetsetting and excessive security requirements, and his…
Just like $2.5 trillion worth of companies around the world, the company publishing the story you are now reading is owned by private equity firms. Most people have little idea what the private equity industry actually does. The truth is terrifying.
It feels like America’s working class has been losing the class war for as long as we can remember. But it has one wildly powerful, often forgotten tool: trillions of dollars sitting in pension funds. Might this enormous pool of capital be labor’s greatest weapon in its fight against the power of capital itself?
The CEOs of America’s biggest companies saw their median pay rise to $11.6 million last year, an all-time high. Of course, stock values are hitting all-time highs as well. These huge pay packages are a reward. So what about the rest of us?
Capitalism: it naturally devolves towards ruthless monopolistic unaccountable forms. Ugh! But short of Smashing The System, there is at least one good corporate model—the co-op. Now for some terrible news on that front.
Fellow crypto enthusiasts know that future generations will look back on today as the Age of Bitcoin, and Virgins. Our message to you: heed not the cries of so-called “qualified financial advisors” who tell you this imaginary computer money is useless.
The Republican tax cut, which stands as the lone actual big legislative accomplishment of the Trump administration, was sold on a bald-faced lie, and will cost our country more than a trillion dollars. That is the conclusion of a bipartisan team of Harvard economists. Uh... look over there, immigrants!
Why has the investor class been getting richer for decades as the working class’s share of the pie grows smaller? One prime reason is: our system, left unchecked, leads inevitably towards monopoly, which eats us all alive.
If anyone tries to make the argument to you that free markets rationally deploy capital towards its most productive purpose, ask them to explain the last month in the life of Kodak.
In the past week, the U.S. stock market has seen its two biggest one-day drops in history. The market is down more than 10% from its recent high point, entering “correction” territory. This is good.
When the government won’t do the work of improving basic rights for everyone, who will? A union can. As long as you unionize the whole damn sector. Example one: Germany.
The rent is too damn high. It’s hard to find a good place to live. Why? Because they don’t exist!
Thermo Fisher Scientific is an $86 billion biotech company whose CEO is attempting to pull off his greatest feat yet: convincing his employees that their $500 bonuses are a result of the brilliant economic policies of Donald Trump.
The CEO of the world’s largest money manager has decided—to much fanfare—to tell corporate America that they must “serve a social purpose” and make a “positive contribution to society.” The spectacular delusion and hypocrisy that enable such a statement to be made is something worth examining for its sheer shock…
Our fast-paced modern world can be a challenging and confusing place when you’re just a regular guy trying to get some food. Fortunately, if you follow my instructions you may be able to get food....... FREE.
Dogecoin was an imaginary form of money based on an internet joke about a dog that spoke broken English. Naturally it is worth $2 billion now.
America’s pension system is a disaster. The great dream of “market-oriented” types is that our retirement problems can be solved by making everyone invest their own money via 401(k) plans. But... how does that work, again?