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Showing posts with the label monopoly

The Myth of the Free Market

How some liberals/neo-Keynesians are digging to justify why governments should play a big role in the economy. A ‘new’ form of capitalism is a necessary in order to get out of the crisis and prevent any possible social unrest.  What 2008/09 and the pandemic have demonstrated is that monopoly capitalism has to change for the system to survive. That Biden, for example, has introduced a big stimulus package and revoked Trump’s cuts in corporate tax reflects the uneasiness of the ruling classes and that a few things have to be done. The Woman Who ‘Shattered the Myth ’

Gilead Sciences

A company that Donald Rumsfeld was for a time one of its board members. On December 26, 2018,  The Times  reported that Gilead had used the  Double Irish arrangement  to avoid U.S. corporate taxes on non–U.S. profits, reporting that "A US pharmaceutical firm used a controversial tax loophole arrangement to shift almost €20 billion in profits through an Irish entity in just two years". Gilead Sciences The US public paid to develop remedesivir

Political Economy

A very illuminating interview. "The Fundamental Questions About Capitalism Seem to be Coming Back" An example from the US and UK that the effects are asymmetrical. The BBC here does not mention any socio-economic background (education, marginalisation, inequality, overlapping of race and class.) which is structural and precedes the current pandemic for a long time. Are minorities being hit harder by coronavirus