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The Ouroboros: how the free-market eats itself

ouroboros
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Left to their own devices, firms will almost always try to takeover other firms or force them out of business. But every takeover reduces competition and choice, which is supposed to be the whole point of the free market in the first place.

Craig Ryan 5 August 2015 Ideas

Empty vessels: what are firms for?

Photo: Jan Alonzo @ fickr.com
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Many British firms are just investment vehicles with nothing inside. Maximising profits alone cannot provide businesses or anyone else with a meaningful purpose.

Craig Ryan 3 August 2015 The business end

Paul Mason: is capitalism dead?

“We don’t want to switch capitalism off yet, but maybe we can replace it with something better.” Channel […]

Web picks 31 July 2015 Ideas

Merde alors! Why French workers are more productive than Brits

Photo: Gabor/MorgueFile.com
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The French work smarter and have a more productive workforce than Britain. But there’s a sting in the tail: fewer jobs for young and old alike.

Craig Ryan 27 July 2015 Work

Podcast series: A beginners guide to Neoliberalism

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In this excellent series of podcasts from the New Economics Foundation (NEF), Kirsty Styles and her guests introduce neoliberal ideas, explore how they affect our lives and look at some of the challenges to this dominant way of thinking. These are the ideas that rule the world, so it’s worth taking a few minutes now and then to try to understand them!

From: New Economics Foundation (NEF)

Web picks 27 July 2015 Ideas

Simon Wren Lewis: Labour & the deficit

“…Osborne, by going for an unnecessarily rapid reduction in debt by means of increasing poverty, has thrown a potential lifeline to Labour. Unfortunately, Labour appear to be swimming away from it…”

From Mainly Macro
Web picks 17 July 2015 Politics

Power sharing: who’s in charge?

Image: Surachai @ FreeDigitalPhotos.net
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They don’t really “own” firms, they provide a minority of the capital and they don’t care much about what happens to them. So why do shareholders call the shots?

Craig Ryan 12 December 2014 Ideas

Osborne’s funny money

Good work from Richard Murphy at Tax Research UK in exposing the real data behind George Osborne’s “personal tax statement”.

Craig Ryan 21 November 2014 Politics

Economics in the raw

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Economics happens to real people. Meet Focus E15 — the young London mums at the sharp end of our housing market failure.

Craig Ryan 29 September 2014 Real life

More houses? Oh, if only it were that simple…

Image: Bo de Visser/FreeImages.com
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Actually, it is. When people try to complicate something very simple, it’s usually because they don’t want to see what’s staring them in the face.

Craig Ryan 8 September 2014 Comment

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