financialization

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Anti-Capitalist Meet-Up: financialization and sandwich shop capitalism

Whether it’s soccer teams or sandwich shops, financialization was there before the pandemic, only making some of its supply-chain hijacking yet another example of an impending capitalist disaster. Re-regulation must remain important as crises loom in the post-pandemic recovery.  A 2017 interview with UMass’s Gerald Epstein points to the need to...

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  • April 25, 2021
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AntiCapitalist MeetUp: Are carbon markets like papal indulgences

Like Martin Luther objecting to Pope Leo X selling indulgences to raise money for a variety of excesses, the environmental costs of carbon markets far exceed the benefits. Austerity would have denied us Renaissance art which is less at risk in an age of non-fungible tokens. Today the consequences for the planet...

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  • March 28, 2021
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Anti-Capitalist Meet-Up: the Climate Crisis has weak carbon markets and lagging technology

The sparse number of actual carbon capture and sequestration projects plus weak carbon markets amplify the problems of the climate crisis yet to be revisited, post-Trump. Two heartland examples in North Dakota and Texas show how there are several interlocking problems addressing the climate crisis that must be included in future environmental policy. More specifically...

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  • February 28, 2021
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AntiCapitalist MeetUp: Climate Crisis, negative emissions technologies, and financialization

As Climate Crisis returns to the new US administration agenda, negative emissions technologies (NETs) may find their implementation hindered by neoliberal financialization.   An earlier ACM story showed how Steve Keen’s critique of Nordhaus’s use of discounting climate change demonstrates that orthodox economics is incapable of accelerating innovation especially in...

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  • January 31, 2021
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A short, unfortunately instructive Labor Day story

Sometimes, even the best meaning economists completely muddle the picture.  Everything seems so, well, complicated. Well . . .  when I was in college in 1988 (!) a friend offered me the chance for a part-time job, working the night shift at a UPS site on Long Island, NY.  It...

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  • September 4, 2018
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