Tag: corporate-socialism
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How an Angry Old MacDonald Became a Protest Song
It started with a question: What is actually wrong with this country, and why do we seem so far apart? The division felt real. The anger felt real. But when you actually looked at the polling data, something didn’t add up. Americans agree on almost everything that matters. Healthcare. Wages. Campaign finance reform. Taxing the…
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Passing the Buck: Why We Pay More But Make Less Part 7: Phone and Internet
Part 7 of Passing the Buck, a 15-part series on why we make less but pay more. This installment is about phone and internet service, which has become the cleanest example in modern American life of what happens when a utility-style market is allowed to deregulate into an oligopoly. It is the most unavoidable monthly…
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Passing the Buck: Why We Pay More But Make LessPart 5: The Auto Trap
Part 5 of Passing the Buck, a 15-part series on why we make less but pay more. The first four installments traced cost shifts inside relatively well-defined transactions — wages versus productivity, employer-to-worker benefit transfers, overdraft fees, credit card interest. This one is harder, because the cost being passed to households is built into the…
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Passing the Buck: Why We Pay More But Make Less. Part 4: Credit Cards
Part 4 of Passing the Buck, a 15-part series on why we make less but pay more. Part 3 looked at the overdraft side of consumer banking. This one looks at the other side of the same relationship — the credit card. Most of the largest credit card issuers in the United States are also…
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How MTV Killed the Video Star (And Cable/Network Greed Finished the Job)
I’m not a media analyst. Smarter people than me — like Evan Shapiro, who you should follow on LinkedIn — dissect this industry for a living. But I spent years working inside broadcast television, and I’ve been chewing on this particular problem for more than a decade. So here’s my slightly obsessive take on how…
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BrokeCon by Design Part 20: Corporate Socialism
On a Friday in March 2023, the California banking regulator closed Silicon Valley Bank and handed it to the FDIC. By then most of the money was already moving out the door, pulled by the kind of customers the bank had: startups, venture funds, companies that kept all of payroll in one account. The accounts…
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