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Meet the "New Koch Brothers" – the Hedge Fund Activists Wrecking America's Green New Deal

Meet the "New Koch Brothers" – the Hedge Fund Activists Wrecking America's Green New Deal
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Meet the "new Koch brothers" – The hedge fund activists wrecking America's Green New Deal


NationofChange
Wealthy predators are playing stock market games with companies needed to develop and produce clean technology.
Think the government should do more to deal with climate change? You’re not alone – so do most Americans, according to a 2020 Pew poll.
With Biden in the White House and Democrats controlling Congress, plans to get moving on some form of a Green New Deal could finally emerge. The Texas blackout heightened the sense of urgency, and everybody’s talking about upgrading the power grid, renewable energy, and what it will take to have a greener, cleaner future. Meanwhile, the climate change-denying political right is determined to crush any proposals before they have a chance. ....

Menlo Park , New Jersey , United States , White House , District Of Columbia , Donald Trump , Omar Ishrak , Warren Buffett , Matt Hopkins , Larry Culp , Santa Clara , Daniel Loeb , Nelson Peltz , Carl Icahn , Tim Cook , Oliver Stone , Gordon Gekko , Dan Loeb , William Lazonick , Jeffrey Immelt , Steve Jobs , Jack Welch , Greg Petro , Al Gore , John Flannery , Harvard Law School Forum On Corporate Governance ,

Michael Hudson: Finance Capitalism vs. Industrial Capitalism – The Rentier Resurgence and Takeover


Yves here. This is another tour de force from Michael Hudson, derived from a paper he presented in early January at the UPRE session during the annual ASSA meeting. This time he turns from his recent focus on the economically destructive but oligarchy-advancing practice of sanctifying debt to another favorite topic, the evolution of capitalism. Hudson looks from the early Industrial Revolution onward and demonstrates that the dominance of financial capital over industrial capital was neither the likely course of events nor desirable. A major feature of this development is the increasing weight of rentier activities and how they drain income from workers and more productive sectors. ....

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