News flash: He doesn't mean abortion and never mentions it, almost as if killing 1 million unborn every year since the 1970s wasn't the prolegomenon to the violence now everywhere around us

A System That Allows Children to Be Killed

 

David Dayen, American Prospect :

 

We accept the death of children because we accept a politics that enables it.

 

David Dayen thinks Tim Geithner's disobedience of Obama's orders fed the anger at government Trump parlayed into the presidency

Of course, this begs the question whether Obama knew what he was doing, or even wanted to know.

Here in The New Republic:

Every action fit Geithner’s worldview: The financial system must be stabilized at all costs, as the only way to heal the economy so real people benefit. “We do not need to imagine that he was in the pocket of any one bank,” Adam Tooze wrote in the new book Crashed. “It was his commitment to the system that dictated that Citigroup should not be broken up.” ...

Today, some may welcome the internal dissension in the Trump administration. But Geithner’s actions to protect banks from the president he served, and the anger it bred at a “rigged” system, diminished the public’s faith in government intervention and helped install Trump in the White House.

The Tobin Q ratios for Germany and America tell us Elizabeth Warren and David Dayen are wrong

Louis Woodhill, here:

Put simply, a Tobin Q ratio higher than 100% means that a company is creating economic value, and a Tobin Q below 100% means that a company is destroying value.  The most fundamental social responsibility of a company is to add value to the capital it employs, so the most fundamental job responsibility of a corporate CEO is to keep the Tobin Q ratio of the company he or she leads above 100%. 

Writing for The New Republic, progressive David Dayen argues:

“There’s proven evidence that this model of corporate governance [Warren's] can work. “Co- determination,” the term for worker representation on corporate boards, has created a form of capitalism in Germany where workers are far more equitably compensated and decisions are made with an eye toward long-term goals.”

The problem with this argument is that Piketty’s data shows that, since 1995, America’s Tobin Q ratio has averaged more than 100%, while Germany’s Tobin Q ratio has averaged about 55%.  In other words, America’s evil, rapacious corporations are creating economic value, while Germany’s enlightened companies are doing the equivalent of burning 45% of the euros entrusted to them.

Trump support mirrored by the growth of the 1099 worker as corporate greed turns the Buchanan Brigades into Trump's FU Army

From David Dayen in The New Republic here:

But The New York Times’s Neil Irwin might have found an answer [to the anger out there] last week, when he pointed to eye-opening new research from Princeton’s Alan Krueger and Harvard’s Lawrence Katz on Americans in alternative work arrangements, which they defined as “temporary help agency workers, on-call workers, contract workers, and independent contractors or freelancers.” This cohort of the workforce grew from 10.1 percent in 2005 to 15.8 percent at the end of 2015, representing an increase of 9.4 million workers. That’s all of the growth in the labor market over the past decade. ...  “Angry” voters may simply be angry workers tossed into the Darwinian world of the modern economy, operating without any fallback support from their employers or their government. This was bound to find its way into our politics, but though solutions for these workers exist, nobody is talking about them.

At 8.2 million after 32 contests, the popular vote for Trump alone with 16 states yet to vote is set to surpass 12 million.