Home

Tag: Free Market

China Floats, America Sinks
Yuan Kicks Dollar Butt by Rejecting “Free Market”

Greg Palast 

In case you haven’t the least idea what the heck it means for China to “float” its currency, let me put it in the language we economists use: China’s float don’t mean squat.

Yet our President, a guy whose marks in Economics 101 are too embarrassing to publish here, ran out to hail the fact that buying Chinese money will now cost more dollars. …more

Why The Lights Went Out
All Over California

Greg Palast 

America Preached The Wonders of Free Markets to The Rest of The World
But Exempted Itself — Until Last Year

Sunday July 1, 2001
The Observer

Napoleon called England a nation of shopkeepers, but the Little Corporal never tried to purchase dietary staples (organic milk, Red Bull) from a Tesco Express. I tackled the manager as to why they were out of stock AGAIN. ‘It’s Friday,’ he said, as if that were an unforeseen occurrence, like a rogue tidal wave that had engulfed Upper Street and prevented deliveries. I began to explain that ‘Friday’ is what accountants call a ‘recurring event’ and HAVEN’T YOU BRITONS EVER HEARD OF COMPUTERS YOU KNOW THOSE THINGS THAT LOOK LIKE TELEVISIONS WITH TYPEWRITERS ATTACHED… but, by then, everyone was looking around at that despised figure, the Complaining American. …more