The best explanation of short selling (as it applies to GameStop) that I've read pic.twitter.com/o9ZL5HqsKf — John M. Cunningham (@jmcunning) January 28, 2021 1/2Short selling means borrowing shares and immediately selling them. When the price goes down, they buy them back for cents and return them to the lender. This...
anticapitalism
The neoliberals’ “free market” is not going to sequester enough carbon to save the environment. Even Warren Buffett isn’t willing to take a bet on surviving an impending climate crisis catastrophe, because “the rents are too high”. Existential threats have a critical reality, about which ruthless criticism is entailed. Even...
Larry Kudlow continues the underlying theme of Trumpian nihilism and its trickle-down contagion of pixie dust and pseudoscience. Trump continues to see his numbers decline as his campaign put him on a superspreader rally schedule, attempting to repeat his 2016 victory of 155,000 votes in swing states while trailing 3 million...
Periodically, ACM readers might want an introduction to anticapitalism. This emerges because of the disinformation propagated by kakistocratic clowns like Trump, who enables neoliberal capitalism while pursuing kleptocracy and monopolizing violence. This is important as yesterday Trump signed an executive order that had no effect on big pharma, and endorsed extrajudicial killing...
This week I attended (remotely) the Rethinking Economics Festival and encountered challenging pluralist discourses like a platform economy (noting that most of such work is populated by women), decolonizing the Eurocentric position in disciplines, or “fully-automated luxury communism”. I thought I’d share some resource items and make a few observations....
< p class=”AlignCenter”>You may not be interested in the State, but the State is interested in you. Socialism is on the rise in America, specifically Democratic socialism. 43% of Americans now say that some form of socialism is good for the country, compared to just 25% in 1942. President Donald Trump has already started...
The BBC identified 12 key issues for the Labour party’s manifesto in preparation for the December General Election. Not wishing to take anything away from NY Brit Expat’s cogent analyses, I wanted to reflect on one item, the potential for re-nationalizing of key sectors in the US 2020 election context,...
The Department of Homeland Security (DHS) has formally classified the activities of anti-fascist groups (antifa) as “domestic terrorist violence” since early 2016, according to confidential law enforcement documents obtained by Politico and interviews. Federal authorities have reportedly warned state and local officials the antifa has become “increasingly confrontational” in efforts to thwart...