This website concerns the economics of exploitation and oppression. The website has two major parts. The first, the Understanding harm page, is an analytical overview of exploitation and social systems that contain harm. The second, this homepage and related pages, feature current news stories and analysis where harm is important. Standard economics principally looks at income obtained from production. This website looks at income or other benefit gained by harm. This is much more important than suggested by standard economics. There is not just a productive system; there is a productive + harmful system. The view taken in this website is that through control of a society and its key elements of the society (economy, government, social system) some people/groups in the society obtain income from others. This income is not based on production, but some form of taking away from others. This taking away is typically resisted. Thus there are two basic aspects in a social system where harm is important: obtaining income and maintaining control. This is expressed in the principal categories used in the website, which can be seen in the right column of this and every page.
Trump’s crony capitalismAnne O. KruegerProject Syndicate October 21, 2020 During his first presidential campaign four years ago, Donald Trump promised to change the way America does business. He has kept that promise: Now more than ever, America resembles the kind of crony-capitalist system that one more commonly associates with developing and post-communist countries.
Goldman Sachs Malaysia arm pleads guilty in 1MDB fraudMatthew Goldstein and Emily FlitterNew York Times October 22, 2020 All told, Goldman will pay billions in penalties and disgorgement in Malaysia, the United States and Hong Kong for its role in the looting of the 1Malaysia Development Berhad fund.
Why Nigeria is now eruptingRick Gladstone and Megan SpeciaNew York Times October 21, 2020 Africa’s most populous country and biggest oil producer has been convulsed by protests that started with anger over police brutality and have now broadened, drawing worldwide attention.