Via Alternet: “Reigniting Competition in the American Economy”: Keynote Remarks at New America’s Open Markets Program Event By Elizabeth Warren June 29, 2016 Thank you, thank you. As Barry mentioned, before I was a senator, I was a law professor. What he didn’t say is that I taught contracts, secured transactions, and bankruptcy—all courses related […]
Blogger Phil Ebersole writes today in a post titled “Monopoly power and what to do about it” (all boldface in original): The trouble with the U.S. economy is monopoly power. Concentrated business power means less consumer choice, less opportunity for entrepreneurs and greater concentration of wealth. Senator Elizabeth Warren Senator Elizabeth Warren described the problem very […]
by New Deal democrat How “the Ultimatum Game” explains the Populist backlash to Globalism All over the developed world there has been an erupting surge of both left-wing (Sanders, Corbyn, Syriza in Greece, Podemos in Spain) and right-wing (Trump, UKIP, France’s LePen) populism. The global elites recoil in horror. According to most tellings of mainstream […]
A detailed update follows the original post. ____ Is the window closing on Bernie Sanders’s moment? A number of folks, your humble blogger included, have suggested as much. We’ve argued that with Democrats seeming to unite behind Hillary Clinton, it’s possible that the longer Sanders withholds his endorsement for her in the quest to make […]
by Dale Coberly SOCIAL SECURITY TRUSTEES REPORT An Overview of the Overview The 2016 Trustees Report didn’t have much new to say, so the usual commentators were free to say what they have always said, which is mostly wrong. A careful reading of just the Overview (p 2 to 25 of the Report) will help […]
The risk is that [Sanders] will lose his moment because some Clinton partisans already see a more centrist campaign as the best way to win over millions of middle-of-the-road voters who find Trump abhorrent. Sanders has to decide if accelerating his plans to endorse Clinton is now the best way to maximize progressive influence. — […]
Some of our wisest political observers informed us that Brexit would be great news for Donald Trump, because it shows (somehow) that there may be more support here than expected for his nationalist message of restoring American greatness through restrictionist immigration policies and turning the clock back on globalization. So it’s a bit surprising to […]
The Democratic National Committee brought on a new chief of staff Thursday: Brandon Davis, the former national political director of the Service Employees International Union. The move is a sign Hillary Clinton is moving to consolidate control of the DNC now that she is the presumptive Democratic nominee for president. Davis was introduced as the […]
by Dale Coberly SOCIAL SECURITY, OBAMA, and the CRFB Obama once offered to cut Social Security as part of a Grand Bargain with the Republicans. Now he says he thinks Social Security ought to be expanded. The Committee for a Responsible Federal Budget (CRFB) answers him with their usual list of reasons why Social Security […]
[The left’s] belief that Trump’s success is primarily a media failure has a parallel in the way conservatives have always explained their own defeats. We would have won, they insist, if only the media hadn’t been against us! If only they had told the voters just how much Barack Obama hates America, or if only […]