Category Archives: Harm through the market

Oligopolies and monopolies are very important ways of obtaining income without providing a productive service. They produce goods, a productive service. However, they receive additional income by raising prices, and their oligopoly/monopoly profits are distinguished by economists from normal profits and other expenses, which are the returns to productive activity. There are other harmful aspects to concentration and large firms as well, including restriction of innovation, using patents to defend market position, labor market power, including non-compete requirements for their employees, and substantial political power.  It is important to bring out that this harm involves the productive sector. Goods are being produced, but part of the income is from harmful activity. This is very often true–harmful activity is intertwined with productive. Also see Obtaining income from the government as both are often involved. Tax havens are another way in which taxes can be minimized and income from corruption can be laundered.

Harm through the market 2022

How public real estate investment trusts extract wealth from nursing homes and hospitals Rosemary Batt and Eileen Appelbaum Institute for New Economic Thinking August 1, 2022

As the Great Salt Lake dries Up, Utah faces an ‘environmental nuclear bomb’ Christopher Flavelle New York Times June 7, 2022
Climate change and rapid population growth are shrinking the lake, creating a bowl of toxic dust that could poison the air around Salt Lake City.

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Harm to the environment 2022

The Barbados Rebellion: An island nation’s fight for climate justice Abrahm Lustgarten New York Times July 27, 2022
The Caribbean is trapped between crushing debt and a climate disaster caused by rich nations. Prime Minister Mia Mottley is battling for a fairer system.

Unearthing the secret superpowers of fungus  Somini Sengupta  and (Photos) Tomás Munita  July 27, 2022
In the fight against warming, a formidable ally hides just beneath our feet. Report from Chile on scientists building a global atlas of underground fungal networks. [After centuries of destruction of natural land, mankind has still not understood its benefits. ED.]

Congo to auction land to oil companies: ‘Our priority is not to save the planet’ Ruth Maclean and Dionne Searcey New York Times July 24, 2022
Peatlands and rainforests in the Congo Basin protect the planet by storing carbon. Now, in a giant leap backward for the climate, they’re being auctioned off for drilling. Promised climate compensation from developed countries did not come through.

Harm through the market 2021

This tree has stood here for 500 years. Will it be sold for $17,500? Juliet Eilperin Photos and video by Salwan Georges Washington Post December 31, 2021

The worker revolt comes to a Dollar General in Connecticut Greg Jaffe Washington Post December 11, 2021
A call to a union triggers one of the most lopsided battles of the ongoing low-wage-worker revolt.

Starbucks baristas are on the verge of forming a union. The company is pushing back. Joanna Slater Washington Post November 23, 2021

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