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.
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.
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?
French economist Thomas Piketty became a teen heartthrob a few years ago by positing that the rate of return on capital is naturally greater than the rate of economic growth, which means the rich will get richer until we tie them all up and rob them. Was he correct? New research says: O Yeah!
This month, Thea Lee took over as president of the Economic Policy Institute, America’s premier left-wing economic think tank. We spoke to her about Trumponomics and the fight for equality.
Bitcoin, an imaginary kind of computer money made up by a mystery man, is a valuable financial asset. It is being traded daily by educated professionals, based upon rational financial calculations, so you may rest easy knowing that its value is safe, just, please, DON’T READ THE NEWS, EVER.
Jose Zamora, VP of our parent company Univision, says that 2018 will bring a new focus on “revenue-first journalism.” A fortuitous trend, from our perspective, because Splinter News is now about crypto.
You can’t take it with you.
The labor share of our nation’s income—that is, the portion of all the income paid to workers, rather than, say, investors—is scraping all-time lows. Do you feel like the American dream is a little hollow these days? Yes, exactly.
Bitcoin is a fake and made-up scam. Can you articulate what it is? “Bullshit jargon that means nothing”-you. Hell no. All we can say for sure about this imaginary “coin” is that it is going to cost you a bundle (sucker).
Given the fact that economic inequality has been rising for nearly four decades, it’s natural to assume that government redistribution of wealth has disappeared. According to a new study: Not so! But that raises even more sinister questions.
When politics is a nonstop soap opera, it’s easy to lose sight of the big picture. And the big picture is this: A tiny handful of disgustingly rich people are hoarding all the wealth.