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War By Other Means: Short Selling JPMorgan
When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research Network found that nearly 200 mid-sized U.S. banks were similarly vulnerable to bank runs. First Republic Bank went into receivership in May, but the feared contagion of runs did not otherwise occur. […]
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The Taylor Swift Exploitation Machine
She doesn’t love you, she doesn’t care for you, and she doesn’t know you. But does her team pretend to, confecting an image of faux empathy and interest, sorting out the wheat from the chaff. The predatory, fan sucking phenomenon of the Taylor Swift marketing machine is something to behold. Leaving aside the sort of […]
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Another Look at the Financial Transactions Tax

Photo by Mika Baumeister on Unsplash A small financial transactions tax could correct a number of maladies in our economic system, from the federal debt crisis to the widening wealth divide to the rampant financialization of the economy, while eliminating taxes on income and sales. The debt ceiling crisis has again brought into focus the […]
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Toxic Contagion: Funds, Food and Pharma
In 2014, the organisation GRAIN revealed that small farms produce most of the world’s food in its report “Hungry for land: small farmers feed the world with less than a quarter of all farmland.” The report “Small-scale Farmers and Peasants Still Feed the World” (ETC Group, 2022) confirmed this. Small farmers produce up to 80% […]
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A Certain Form of Thieving

It looks like 2008 all over again. Economic and financial mismanagement feature in scorching, consuming brilliance. The culpable, bungling banksters, have returned with their customary, venal incompetence. In the customary script, they habitually seek the role of the public purse to socialise their losses. Along the way, they will avoid richly deserved prison sentences, lie […]
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Sowing Seeds of Plunder
It’s a lose-lose situation for Ukrainians. While they are dying to defend their land, financial institutions are insidiously supporting the consolidation of farmland by oligarchs and Western financial interests. So says Frédéric Mousseau, Policy Director of the Oakland Institute, an independent think tank. Depending on which sources to believe, between 100,000 and 300,000 Ukrainian soldiers […]
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In the Factories There Is Wealth, but There Is No Life

Detail of: Birender Kumar Yadav (India), Debris of Fate, 2015. In late 2022, the International Labour Organisation (ILO) released a fascinating report entitled Working Time and Work-Life Balance Around the World, in large part encouraged by a slew of initiatives across India to extend the workday. The report accumulated global data on the time spent […]
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How the War on Crypto Triggered a Banking Crisis
According to an article in American Banker titled “SEC’s Gensler Directly Links Crypto and Bank Failures,” SEC Chair Gary Gensler has asked for more financial resources to police the crypto market. Gensler testified at an April 18 House Financial Services Committee hearing: [Crypto companies] have chosen to be noncompliant and not provide investors with confidence and protections, […]
