• Application Error

    Via #naked_capitalism (si la page telle que copiée collée ci-dessous n’apparaît pas, la recharger après quelques instants, au besoin plusieurs fois)


    The page you are trying to access does not exist.
    This might be because you have entered the web address incorrectly or the page has moved.
    For help please visit help.ft.com.
    We apologise for any inconvenience.

    Why wasn’t this page found?

    We asked some leading economists.

    Stagflation i
    The cost of pages rose drastically, while the page production rate slowed down.

    General economics
    There was no market for it.

    Liquidity traps
    We injected some extra money into the technology team but there was little or no interest so they simply kept it, thus failing to stimulate the page economy.

    Pareto inefficiency
    There exists another page that will make everyone better off without making anyone worse off.

    Supply and demand i
    Demand increased and a shortage occurred.

    Classical economics
    There is no such page. We are not going to interfere.

    Keynesian economics
    Aggregate demand for this page did not necessarily equal the productive capacity of the website.

    Malthusianism i
    Unchecked, exponential page growth outstripped the pixel supply. There was a catastrophe, and now the population is at a lower, more sustainable level.

    Neo-Malthusianism i
    To avoid unchecked, exponential page growth outstripping the pixel supply and leading to an inevitable catastrophe, we prevented this page from being conceived.

    Marxism i
    The failure of this page to load is a consequence of the inherent contradictions in the capitalist mode of production.

    Laissez Faire Capitalism
    We know this page is needed, but we can’t force anyone to make it.

    Monetarism i
    The government has limited the number of pages in circulation.

    Efficient Markets Hypothesis i
    If you had paid enough for the page, it would have appeared.

    Moral Hazard i
    Showing you this page would only encourage you to want more pages.

    Tragedy of the Commons i
    Everyone wanted to view this page, but no-one was willing to maintain it.

    Game theory i
    By not viewing this page you help everyone else get better pages.

    Mercantilism i
    The page is hosted by a foreign web server and is therefore banned to ensure the supremacy of our own software.

    High taxes on content publishers prevented them hiring the person who would have written this page.

    Speculative bubble
    The page never actually existed and was fundamentally impossible, but everyone bought into it in a frenzy and it’s all now ending in tears.

    If you were to get the page you wanted you might get a better page than someone else, which would be unfair. This way at least everyone gets the same.

    Behavioural economics i
    The influence of psychological factors caused you to act in a manner that would not be expected of a purely rational actor.

    Theory of the second best i
    The best outcome was unachievable, so you have arrived here instead.


  • Which Companies Are Buying the #Election? - NYTimes.com

    The bipartisan silence testified to the growing importance to both parties of anonymous campaign donations. With each passing year since 2010, when the Supreme Court’s decision in Citizens United opened the floodgates to secretive political giving, politicians appear to value so-called dark money more and value disclosure of unnamed donors less. The issue was finally broached by Representative Michael Capuano, Democrat of Massachusetts. He observed that shareholders have a right to know how corporate cash is spent, and demanded to know why the #S.E.C. has not required disclosure. Ms. White gave the same answer she has given since she became chairwoman in 2013 — essentially, that the agency is too busy with more important issues.

    Since then, however, the S.E.C. has added new issues to its agenda, while neglecting to put political-spending disclosure on its to-do list. The omission is indefensible, because the investors’ need to know will only grow as the level of anonymous giving rises.

    #SEC illustrates regulator too cozy with the industry it regulates - SFGate

    In 2013, the nonpartisan Project on Government Oversight published a study showing that “more than 400 SEC alumni filed almost 2,000 disclosure forms saying they planned to represent an employer or client before the agency.” In light of that, financial expert Yves Smith, who first flagged the Stanford video at her website, #Naked_Capitalism, said Bowden’s comments spotlight a deeper problem at the agency.

    “Bowden’s most attractive career option, assuming he does not move into a more senior role at the SEC first, would be to join a private equity firm as a chief compliance officer,” she wrote. “The fact that Bowden made such an unabashed statement of his real loyalties, to his future meal tickets, is a strong and troubling sign that this sort of cozying up is a non-issue at (the) SEC.”

    Such “cozying up” is the definition of regulatory capture. We can at least thank the SEC for providing such an easy-to-understand illustration of how it operates.

    #Etats-Unis #conflit_d’intérêt #corruption_légale #démocratie