Both major parties are corporatist parties and both have been for a long time. But Dems seem to be signalling that they are interested in cozying up even closer to crony corporate America.
What it says and what it does are too different matters.
Some of the best cuisine for sale in America is actually cooked in homes, usually quietly. In Texas however at least a few food micro-entrepreneurs are now able to come out of the pantry.
People are starting to get sketched out on Wall Street. The market is wobbly this morning. The Alibaba IPO (which did well) has people looking around wondering what’s next. Europe slowed last month. China continues to slow. India’s SENSEX was down almost 2% today. The Ebola “worst case scenario” just jumped from 500,000 to 1,000,000. And we just started bombing Iraq and Syria.
People want to work. Many will try to open their own businesses so that they can work for themselves. (Really for their customers and clients.) I can relate. That’s what I did almost 6 years ago. Unfortunately many run straight into the hurdle of occupational licensing on the way to becoming entrepreneurs. In most cases such licensing is just a way to keep people from entering the marketplace.
As the market continues up – and may continue to go up – voices like Faber’s increasingly sound like the voices which warned of the impending housing bubble crash circa 2006-2007.
The interviewer rightly points out that Stockman has been calling for a crash for a long time. In March he announced to the world that a crash was imminent and that he was entirely in cash. The market has been up dramatically since that call.
But fundamentally Stockman is right. All the money created by the world’s central banks is floating around out there in financeland (it might not have found its way into YOUR pockets but many Wall Street pockets are full) and that money is tinder just waiting to catch fire.
I’ll bet that’ll be a fun return.
On the surface this ruling sounds like a win for “workers,” but sadly it’s not. If the government can keep businesses from firing people, indeed in this case force CNN to REHIRE fired workers, businesses will simply choose not to hire new people.