All Posts Tagged With: "corporate state"
Obama’s Corporatist Big Plans
We should reject the false choice between corporate statism and stagnation, and say no thank you to the “big things” Obama and his business cronies have in store for us.
28Jan2011 | Sheldon Richman | 25 comments | ContinuedA Feature, Not a Bug
One of the purposes of the State is to serve the interests of those with the most to spend and the most to gain from intervention.
20Jan2011 | Steven Horwitz | 25 comments | ContinuedThe More Things Change…
From the Washington Post: The president’s recently departed budget director is joining Citigroup. The New York Federal Reserve Bank’s derivatives expert is joining Goldman Sachs. And numerous investigators from the Justice Department and the Securities and Exchange Commission are joining Wall Street’s top law firms. The vast overhaul of financial regulations and the renewed intensity [...]
30Dec2010 | Sheldon Richman | 2 comments | ContinuedThe Charade
The best phrase to sum up Barack Obama’s presidency is not “African anticolonial socialist” but “American Progressive corporatist.”
15Oct2010 | Sheldon Richman | 16 comments | ContinuedThe Most Dangerous Derivative
An unlikely alliance may be forming among people who would not ordinarily be found in the same room.
20Aug2010 | Sheldon Richman | 65 comments | ContinuedIt’s All State Capitalism
David Brooks, the New York Times resident conservative op-ed writer, is power’s best friend.
18Jun2010 | Sheldon Richman | 20 comments | ContinuedSelf-Regulation in the Corporate State: The BP Spill
When companies are sheltered from the market’s disciplinary competitive forces, incentives turn perverse.
14May2010 | Sheldon Richman | 58 comments | ContinuedRegarding the Oil Spill
“Self-regulation” in a corporate-state context is not the free market. The oil companies reportedly opposed government regulation supposedly intended to prevent spills, saying they could monitor themselves. They prevailed in that contest, but although new regulation was held in abeyance, pro-industry intervention dating back many years was never repealed. So the choice has been between [...]
11May2010 | Sheldon Richman | 1 comment | ContinuedThis Partnership Will Endure
My letter to the Arkansas Democrat-Gazette appeared Sunday: Paul Greenberg’s recent column on the government vs. Goldman Sachs was excellent. But he missed one important point. He writes: “It happens with partners. So long as the business is growing, the money’s rolling in, and everything’s coming up green, they’re the best of friends. But when [...]
11May2010 | Sheldon Richman | 1 comment | ContinuedThoughts on Goldman Sachs
See addendum below. Goldman Sachs is taking a beating in the press because a Senate committee and the SEC are investing whether it engaged in wrongdoing by betting against the shaky mortgages fueling the housing boom and allegedly failing to disclose that fact to buyers of its “synthetic collateralized debt obligations.” The allegation of wrongdoing [...]
27Apr2010 | Sheldon Richman | 6 comments | ContinuedAbolish This Derivative
The most threatening derivative is overlooked in Washington: the power Big Finance derives from the State.
26Apr2010 | Sheldon Richman | 0 comments | ContinuedCorporate Land Grab in Africa
Much of the modern world has been shaped, alas, by governments’ grabbing land from peasants and yeomen, whose families had worked it for hundreds of years, in order to give it to the nobility or other privileged interests. As a result, many self-sufficient farmers became tenants of politically created absentee landlords. As Ludwig von Mises [...]
12Mar2010 | Sheldon Richman | 4 comments | ContinuedBig Insurance Wins One from Obama
Barack Obama this morning unveiled his plan for overhauling the health insurance industry in an effort to get the stalled legislative process going again. The bill was just posted on the White House website (Putting Americans in Control of Their Health Care” [!]). Here’s the first detail to jump out, according to the Wall Street [...]
22Feb2010 | Sheldon Richman | 1 comment | ContinuedTGIF: The State of Obama’s Union
Despite what some popular right-wing talk-show hosts claim, Barack Obama is not pushing Marxism, revolutionary or otherwise. He’s pushing good old American progressive-corporate elitism. Read TGIF here.
30Jan2010 | Sheldon Richman | 2 comments | ContinuedTGIF: What Next?
Liberty always walks uphill. Read the rest here.
1Jan2010 | Sheldon Richman | 0 comments | ContinuedWhat Next?
Before we can work to change things, we must know what we are trying to change. Have a happy, healthy, productive New Year. We have work to do.
1Jan2010 | Sheldon Richman | 4 comments | ContinuedTheory and Crisis
What might be even more distressing than the current buildup of the corporate state in response to the supposed economic crisis is the way some self-styled advocates of the free market are willing to cast aside the economic theory they once claimed to embrace. If you are a glutton for cable news-talk shows, you know [...]
20Jan2009 | Sheldon Richman | 2 comments | Continued-
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