We have to face the fact that our massive privatization of what once were government functions has been a failure. There are some public services that get really loused up when done privately and for profit.
Exelon's ultimate goal: Force Pepco's customers, including the people of Washington, D.C., to subsidize Exelon's expensive nuclear power plants in other states. D.C. residents have until May 26 to submit comments to the Public Service Commission.
Lightning flashed across Kentucky skies a few nights ago. "I love storms," said my roommate, Gypsi, her eyes bright with excitement. Thunder boomed over the Kentucky hills and Atwood Hall, here in Lexington, KY's federal prison.
Prone to fantasy, part of our minds and hearts wants to believe we are "free" -- free of others' needs, free of responsibility, free of the duty we owe the members of the human community on which we depend to survive.
We know the shutdown is not about fiscal responsibility. If it was, Republicans would not have run up the deficit under W by trillions of dollars with two unpaid wars, unpaid Medicare prescription plan, and the Bush tax cuts.
Conventional economics wittingly or unwittingly provides cover for the One Percent, by professing that "the market" operates benevolently on its own. Alex Marshall gives us an entertaining, thoughtful, and well-written antidote to this dangerous abstraction.
When economic "rents" or market failures provide economic benefits to weaker groups -- those with less stature or power in society -- efforts to eradicate such "inefficiencies" may further empower dominant elites in ways that are counterproductive for the larger society.
Although an issue like health care certainly reflects many of the broader ideological schisms in our political debate, amiss in ideological debates like these is the technical reality of the unique challenge posed by health care.
Like it or not, even a capitalist economy is a system in which your actions affect other people. Your freedom to swing your fist ends, famously, at the tip of my nose, and what you buy and don't buy affects other people.
Since the first time Jarrod scored thirty points as a high school freshman, he had been causing a stir. The points brought scouts, the scouts brought recruiters. But they all had the same interested in Jarrod.
In the United States, where bankers continue to rule the Obama administration's economic team, the idea of government teaming up with business to drive long-term innovation and growth is still struggling to gain attention.
I'm so convinced that the private market will make everything better that I think we should do it across the board. Let's start with firecare. Why should I pay for firecare services for people who are dumb enough to start fires?
We are witnessing one of humanity's most unbearable tragedies following the earthquake in Haiti. It allows us to ask: Is this as much a story about poverty and failed governance as it is of natural disasters?