Demowp

Tag: Business

  • The Looming Quadrillion Dollar Derivatives Tsunami

    On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in […]

  • Silicon Valley Bank and the Anti-Regulation Bank Lobby

    Before the financial collapse come the aggressive anti-regulation lobbyists. These are often of the same ilk: loathing anything resembling oversight, restriction, reporting and monitoring. They are incarnations of the frontier, symbolically toting guns and slaying the natives, seeking wealth beyond paper jottings, compliance and bureaucratic tedium. The collapse of Silicon Valley Bank (SVB), for a […]

  • The Rise of the Consultant Governing Class

    The Rise of the Consultant Governing Class

    They have become the outsourcing mandarins, consultancy companies which have served to degrade expertise in the public sector while diminishing the quality of services. Along the way, they have charged astronomical fees in giving repeatedly flawed advice. Consultants, packaged as all wise gurus, have become the great confidence tricksters. Embracing the inner voodoo of consultancy […]

  • Work: Slavery in an Exploiting Economy

    Work: Slavery in an Exploiting Economy

    Work is easy. Work is difficult. Work shows a lot. Work hides a lot. Work creates. Work destroys. Work is painless. Work is dreadful. Work brings victory. Work is slavish. Work is like creating a poem or a picture with joy. Work is hellish. A poet or a philosopher may define work differently than a […]

  • Letter to Tim Cook, Other Ultra-rich CEOs and Hedge Fund Titans

    The victims of the devastating 7.8-magnitude earthquake in Turkey and Syria need your help now. The surviving families and children and those rescued alive from the rubble are in serious danger in affected wintertime impoverished regions. Refugees in other places fleeing their war-torn homelands are also suffering. International aid agencies are grossly insufficient for these […]

  • Laying Bare the Adani Group

    There is nothing Gautam Adani will not do for money. In this sense, he is admirably dedicated to greed, so much so he has become its foremost caricature worthy of permanent enthronement. Mark this man’s name in the scriptures of eternity: There was nothing he did not do for the filthy lucre. For the unfamiliar […]

  • The Progenitor of Inequalities: Corporate Personhood vs. Human Beings

    The word “inequality” is everywhere in the media. It usually refers either to race, gender, rich vs. poor, or other differences between human beings. Absent from the public debate is the biggest perpetrator of “inequality” against human beings – the corporate entity itself. Ever since 1886 when a U.S. Supreme Court reporter, in a headnote […]

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