Harvard Business School’s Karthik Ramanna develops the notion of “thin political markets” to describe a key problem facing technical rule-making in corporate accounting and beyond. When standard-setting boards attempt to regulate the accounting practices of corporations, they must draw on a small pool of qualified experts–but those experts almost always have strong commercial interests in the outcome. … Continue reading Thin Political Markets – An Interview with HBS’ Karthik Ramanna
House Joint Resolution 29 introduced February 14, 2013 Section 1. [Artificial Entities Such as Corporations Do Not Have Constitutional Rights] The rights protected by the Constitution of the United States are the rights of natural persons only. Artificial entities established by the laws of any State, the United States, or any foreign state shall have no rights under this Constitution … Continue reading Move to Amend’s Proposed 28th Amendment to the US Constitution
This course is an economic history of what happened to ordinary American people and families from about 1930 to 2010. From the late 1940s to about 1980 ordinary people and families in the United States enjoyed a tremendous increase in their prosperity and quality of life, especially when compared with the conditions that existed during … Continue reading Free Online Class: “The Creation and Destruction of the Great American Middle Class (1930-2010)” with Professor Stanley Stasch
We’ve just begun a partnership with Huffington Post – and we invite you to join us. It’s worth repeating why we’re doing this: Capitalism must evolve to serve the needs of all citizens, not just the very affluent. Our goal is to discuss the 14 Shortcomings of Capitalism and systematically analyze the problems and potential solutions. … Continue reading Our Partnership with Huffington Post – Join Us!
Hedrick Smith is a Pulitzer Prize-winning former New York Times reporter and editor, and Emmy award-winning producer/correspondent. He has won most of television’s top awards including two Emmys and two Dupont-Columbia Gold batons for the best public affairs programs on U.S. television in 1991 and in 2002. His current best-seller, Who Stole the American Dream … Continue reading WATCH: Hedrick Smith on Who Stole the American Dream?
… then I don’t know what is. Monsanto’s U.S. market share is 90% in soybean and 80% in corn seed sales (Dan Mitchell, Fortune). In the same article, Larry Robbins of the Glenview Capital hedge fund goes further and says Monsanto has “perpetual local monopolies.” They tie farmers to contracts for life. The Monsanto case is a perfect illustration of at … Continue reading If 90% Market Share Isn’t a Monopoly …
Confronting Capitalism by Philip Kotler is organized around 14 shortcomings. The list is broad and his thinking is brave and deep without being strident or bleak—a daunting challenge and a wonderful contribution given the controversial if not explosive nature of emotions at the intersection of money and politics. Kotler’s inaugural post for this site invites enhancements … Continue reading The Great Corporate Tax Dodge