Update: Steward Healthcare System in bankruptcy
Uncovering Capitalism – the actual Workings (forthcoming) includes a brief case study of the impacts of private equity strategies on this hospital chain, “A Brief […]
Update Money-Finance-Financialization
Elon Musk, $50 billion, and Financialization – from production to extraction
Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package […]
Three charts that define the last 45 years in the US
Its the time of year for summations, usually for just the previous year. My selection of charts explains much of the past 45 years for […]
Video Post – the $47 Trillion Rip Off
A video version of the earlier post, “$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few […]
$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few more…..
I was already 31 years old when the rip-off of America began in 1979. I was busy, and the changes in American life were only […]
Private Equity, Housing, and the Extraction Economy
In the last couple of years articles have begun to appear with titles like: When Private Equity Becomes Your Landlord Where Have All the Houses […]
Financialization and going off the rails with Norfolk Southern
Financialization is an awful word. It sounds clumsy in the mouth and refers to a process that has been underway for over 40 years but […]
The Implosion of Southwest Airlines and Financialization
Southwest Airlines canceled thousands of flights representing more than 80%of all cancellations during the Christmas 2022 snowstorm. The scale of this service implosion led to […]
Enron, Trust and Malfeasance
January 23, 2002 (revised 1/29/02) The collapse of energy giant Enron over the last six months has produced a surprising level of outrage especially for […]