Bill Longstaff: More to Adam Smith and The Wealth of Nations than meets the neoliberal eye

When we think of Adam Smith, the great Scottish philosopher and economist, and his seminal book The Wealth of Nations, we are inclined to think of free markets, individual self-interest, and the invisible hand. However, reading another good book recently, How Markets Fail by John Cassidy, I was reminded there was a lot more to ...

The Ranting Canadian: Ever since the world economy started crashing in 2008, a lot of…

Ever since the world economy started crashing in 2008, a lot of news has been uncovered about Ponzi schemes, financial institutions ripping people off, crooked government bailouts, banks laundering money for gangs and terrorists, large-scale tax cheating, money hidden away in offshore numbered accounts, thefts from pension funds, politicians stealing tax money for partisan or ...

Alberta Diary: Summit call for ATB Financial privatization sets stage for rural Alberta banking battle

The Alberta Treasury Branch agency brings rural financial services to Czar, Alberta. You’ve got to know offices like this are doomed if ATB Financial is privatized. Below: William Aberhart in 1937, the year before he founded Alberta Treasury Branches; banker George Gosbee, in his role as Doogie Howser, CEO. Assuming at least some of the ...

The Ranting Canadian: I’ve never reblogged something before, but this story…

I’ve never reblogged something before, but this story really impressed me so I had to share. alittlecoconuttart: Occupy Group Buys Consumer Debt And Throws It Away November 10, 2012 By Nathaniel Downes The debt collection industry is one of the least liked in the United States. They purchase debt for pennies on the dollar, then proceed ...

Drive-by Planet: Predator Nation: Charles Ferguson rips financial industry

Charles Ferguson’s new book “Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America” is a well written, scathing critique that exposes the crooked underside of corporate America. Ferguson doesn’t exactly come across as a radical. He’s a former executive and government adviser who spent enough time in academia to obtain a Ph.D in ...