Tag: Economy

The Great Decoupling

Tina Marie (Ms. Cat)

Now, Trump administration officials talk of rolling out a concept called the “Economic Prosperity Network” of like-minded countries, organizations, and businesses. The aim is in part to convince U.S. firms to extricate themselves from China and instead partner with members of the so-called network to reduce U.S. economic dependence on Beijing—seen as a key national security vulnerability. If a U.S. manufacturing company can’t move jobs from China back to the United States, for example, it could at least move those jobs to another more U.S.-friendly country, such as Vietnam or India.

The Great Decoupling

So when the relationships go bad with India, or Vietnam, we’ll have the same problems?!

Economic Collapse Caused by Capitalism Not “COVID Pandemic”

Tina Marie (Ms. Cat)

Economic Collapse Caused by Capitalism Not “COVID Pandemic”

The aversion of the rich and their political and media representatives to science in general and economic science in particular is legendary. When it comes to making sense of the economy, they rely mainly on irrationalism and discredited ideas. It is no accident that mainstream economics has long been called “the dismal science.” It lacks any robust explanation of economic realities. It is not useful to the public. Back in 2009, leading economists and “financial gurus,” when asked why they think the economy collapsed and wreaked havoc everywhere, relied heavily on “know-nothingism.” “We don’t really know for sure,” many nonchalantly and whimsically repeated.

The Beauty of Bankruptcy

Tina Marie (Ms. Cat) 
How to think about the coming Chapter 11 epidemic.

In 19th-century English novels, bankruptcy is a tragedy that just happens to people, often with no real explanation, as though it were a natural disaster or an unexpected infection, a cartoon anvil out of the sky over the head of some poor Wile E. Coyote in Regency garb. Bankruptcy was on the mind of everyone from Charles Dickens to William Makepeace Thackeray to George Eliot to Anthony Trollope, and it is a major plot point in Dombey and Son, Vanity Fair, and The Mill on the Floss, among many other novels. The threat of bankruptcy produces suicides in The Way We Live Now and in Little Dorrit — such was its terror.

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