By: Ron Paul If neoconservatives and progressives truly understood fascism, they would stop using the word as a smear term. That is because both groups, along with most political figures and commentators, embrace fascist ideas and policies. Fascism’s distinguishing characteristic is a “mixed economy.” Unlike socialists and communists who seek to abolish private business, fascists […]
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SunEdison Inc (SUNEQ) received $5 million from U.S. government just before bankruptcy
SunEdison Inc (OTCMKTS:SUNEQ), a solar power firm, received millions of dollars from the United States government just before it filed for Chapter 11 bankruptcy protection in late April, says a new report. According to a new report from Vermont Watchdog, the bankruptcy company garnered approximately $5 million in federal grants and loans from Washington. This […]
Week in Review: June 6 to June 12
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Everyone Wants Profits — Including ‘Non-Profit’ Groups Probability of U.S. recession in next 12 months hits a new high Swiss voters overwhelmingly reject basic income guarantee (again) Video: […]
A look at U.S. states renamed for countries with similar GDPs
The American Enterprise Institute (AEI) has a very interesting chart out. It looks at the nation’s $18 trillion economy and states that would be renamed for countries with similar gross domestic products (GDPs). California would be renamed to France, Florida would be renamed to Indonesia and Texas would be renamed to Brazil. Here is the […]
Joseph Stiglitz Is Wrong About Marginal Pricing
By: Mateusz Machaj In a recent piece called “Monopoly’s New Era,” professor Joseph Stiglitz has divided the long history of economic thought into two camps explaining the distribution of income: those who believe in competitive markets and those who believe in “market power.” The former tradition evolved into explaining incomes in terms of marginal prices, […]