Mike Norman Economics

An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.

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Showing posts with label extraction. Show all posts

Showing posts with label extraction. Show all posts

Friday, December 20, 2013

Michael Hudson — Trade Advantage Replaced by Rent Extraction

Must-read on financialization and economic rent. Michael Hudson Trade Advantage Replaced by Rent Extraction (h/t Yves Smith at Naked Ca...

Wednesday, November 28, 2012

Riverdaughter — Ok, here’s my theory about why the Masters of the Universe want to kill the social insurance programs

BUT, if you raise the retirement age and keep a lot of older people working, they will be forced to put their money back into the market. ...

Tuesday, June 5, 2012

Joseph Stiglitz — The Price of Inequality

A closer look at those at the top reveals a disproportionate role for rent-seeking : some have obtained their wealth by exercising monopoly...

Wednesday, May 2, 2012

Daron Acemoglu and James Robinson — Who Are the Extractive Elites?

Key to our argument in Why Nations Fail is the idea that elites, when sufficiently political powerful, will often support economic institut...

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