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‘Trump Is Just Tearing Off the Mask’

It’s very easy to say, “Oh, Trump’s gone off the reservation.” But actually, this is part of the American political culture, past and present.… Go back to the Know-Nothings, George Wallace, Richard Nixon, the Southern strategy. This is an important strand of our political culture.…That’s a more frightening thought than calling Trump a lunatic and […]

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Measuring National Ecological Consumption

Which Countries Live Within Their (Ecological) Means?

The information contained within the 2017 edition of the National Footprint Accounts, and especially its elegant publishing platform, will be useful to critics of the status quo maintained by the major capitalist economic powers. To make sense of the data critically, however, one must go far beyond the explanation given below, as root causes are […]

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Corporate Profits

What’s driving abnormal profit margins? Monopoly

Why is the cause of abnormally high corporate profit margins in the US. The phenomenon is amongst other things upsetting the standard notion that profits are mean reverting to historic averages. Jeremy Grantham (of the global investment management firm, GMO) puts the cause down to three other factors: increased monopoly power, increased political power and […]

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