From Pine View Farm

Political Economy category archive

This New Gilded Age 0

At the Washington Monthly, Diana Moss explains that the trusts–the ones Teddy Roosevelt tried to bust–are back. A snippet:

In the markets where consumers spend most of their budgets, for example, single companies or tight cliques of just a few firms command outsized market shares and so are able to impose anticompetitively high prices, lower quality, and slow down innovation. For example, four or fewer firms have 70 percent market share or more in sectors ranging from warehouse clubs and supercenters to passenger car rental, passenger airline service, kidney dialysis centers, and breakfast cereals. Tight cabals of large food manufacturers control markets ranging from sugar to baby formula.

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Running Ruining the Government like a Business 0

My old Philly DL friend Noz points out that Trump’s tariffs may not be by any means the most harmful thing he does to the economy. Here’s how he opens his post:

I’m no financial expert, but it seems like while the financial markets and economic commentators are taking into account the effects of the Trump tariffs (including the uncertainty from the on-again-off-again tariffs and tariff threats), they are completely ignoring the downstream effects of the Trump/Doge spending freezes and layoffs.

The whole article is worthy of a look.

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The Privatization Scam 0

At the Portland Press-Herald, Ann Arsenault Shultz debunks de bunk.

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Transfer of Wealth, Republican Style 0

Michael in Norfolk deconstructs the double-talk.

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The Chaos Agency 0

At Psychology Today Blogs, Courtney Beard takes a look at what the DOGE wrecking ball is likely to mean for psychological research. The outlook is not good.

She makes three main points; follow the link a detailed exploration of each.

  • Most of our best psychological treatments have been developed with federal funding.
  • Without federal funding, we cannot train the next generation of talented psychological researchers.
  • Without federal funding, we cannot develop new psychosical treatments.

Aside:

I suspect I’m not the only one who thinks the “E” in “DOGE” actually stands for “emaciation.”

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The Disinformation Superhighway 0

At Psychology Today Blogs, Gina Simmons Schneider reminds us that

(a)n MIT study found that false news, especially political disinformation, spreads many times faster than the truth on digital media. Fake news stories tend to be novel and inspire fear, disgust, and surprise, while true stories inspire sadness, joy, and trust. The researchers found that robots accelerated the spread of true and false news at the same rate.

Follow the link for some tools and techniques to protect yourself from poison on the disinformation superhighway.

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Market Farces 0

Frame One, captioned

Click for the original image.

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Sticker Tariff Shock 0

Grocery employee stockin fruit display labeled

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Numbers Gaming 0

Congressional Republicans are designing a poke for their pig.

Republicans in Congress are signaling they want to change how the Congressional Budget Office (CBO) calculates the cost of extending President Donald Trump’s 2017 tax cuts, which mainly benefit the ultra-wealthy, by utilizing a budgeting trick that would wrongly suggest that such cuts don’t cost a single penny.

Much more at the link.

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DOGE Bull, One More Time 0

Kevin D. Williamson calls out the DOGE bull. Here’s a bit from his article (emphasis added):

It is obvious that Musk and his disreputable little gaggle of pudwhacking throne-sniffers simply do not know what they are doing: For example, they ordered the dismissal of a bunch of federal employees who were “on probation” because they seem to have thought that this probationary condition was disciplinary rather than a formality related to those employees being new hires.

Now, there’s stuff in Williamson’s screed that I don’t agree with, mostly some of the generalizations that he makes about how stuff should work. Nevertheless, given said disagreements, he has a much clearer notion of what governance should be than does the current federal administration. And, after all, there’s only one person I agree with all the time, and he’s typing these letters right now . . . .

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Numbers Gaming 0

Danae;  Ah, balancing the checkbooi, eh, Daddy?  Well, my Magic Math Method (TM) will make that task quick and easy.  Just start the balance you want to havve, then simply go back and fill in the numbers that make it add up!

Click to view the original image.

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How Stuff Works, Right-Wing Think Tanks Dept. 0

Lucy:  OK, so tell me about this new system of math you invented.  Danae:  Oh, it's really simple.  Instead of the old hard way, I start with the answer, then just go back to make up the equation that fits it, and--Presto!--I'm always right.  Lucy:  Ummmmm.  Danae:  My genius leaves you speechless, doesn't it.  Lucy:  Oh, let's just say you put the dumb in dumbfounded.

Click to view the original image.

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Trumponomics 0

At the Portland Press Herald, Vitoria Hugo-Vidal argues that it’s time to stock up against the impending economic chaos. A snippet:

You know what financial markets like? Stability. You know what doesn’t scream “stability” to investors? Starting trade fights with our neighbors.

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Genius at Work 0

PoliticalProf has a couple of thoughts about Donald Trump’s unilateral (that is, in the absence of Congressional action) attempt to impose tariffs on our friends and allies. He notes, among other things, that

The markets and most economic commentators were convinced that Trump would never impose massive tariffs on Canada and Mexico because to do so would be utter economic insanity.

Yeah, Right.

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The Crypto Con 0

Jacob Silverman talks with Sam and Emma about the growing threat of greater US government involvement in crypto, with state and local governments pondering active investments in the scam-centric industry, and how a Trump presidency will likely expedite that.

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Why Did Trump Win? 0

At Psychology Today Blogs, Nilanjana Dasgupta tries offers some thoughts. I don’t know that I agree with everything she says, but I do think her piece is a worth-while read. Keep in mind that she is discussing voters’ perceptions of reality, not reality itself.

Here’s a bit of her piece:

As the governing party, Democrats are the establishment. Trump is seen as anti-establishment. Even though some who voted for him don’t like his vulgar behavior, they are willing to ignore it because of what he promises to deliver: a shake-up of the system that isn’t working (Bowman, Tabet, Doshi, Kamisar, & Wardwell, 2025). Whether he can deliver what he promised remains to be seen.

The social class gap in opportunity isn’t recent. It has been widening since neoliberalism became the dominant ideology in the 1980s, shaping political and economic policies. A good society, according to neoliberalism, is one that privatizes public resources and property, privileges free market and trade, reduces government spending on social safety nets, and minimizes regulation of businesses (Harvey, 2005). Decades of neoliberal policies have been associated with yawning inequalities in income, health, and education, crushing middle- and working-class people whose pent-up despair and rage was recognized and used by Trump.

Missing from the analysis and, indeed, from Trump voters’ perspectives, is another crucial fact. Donald Trump’s track record of keeping his wor–oh, never mind.

Aside:

The irony is that the neoliberalism she refers to leans to the right and, indeed, has served as cover for Republicans’ gutting many of the programs instituted by Democrats from FDR to LBJ.

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This New Gilded Age 0

Via the Majority Report, a business professor argues that “income inequality is out of control,” then Sam and the crew discuss his remarks.

Afterthought:

We are reaping the harvest of Reagan’s trickle-on economics.

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This New Gilded Age 0

Thom follows the money.

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This New Gilded Age 0

Thom discusses the “con” in “conservative.”

Robert Reich has more.

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A Tune for the Times 0

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