Repeating the Mistakes of 1914?
n their enthusiasm for a new cold war against China and Russia, the western establishments of today are making a mistake comparable to that of their forebearers in 1914.
Read more...Category Archives: Economic fundamentals
What Truck Drivers Say about “Driver Shortage” & Pay Increases
Debunking another “worker shortage” story.
Read more...Why the Green New Deal Is the Stuff of Fantasyland
Why the Green New Deal can’t deliver on its promises.
Read more...$15 Minimum Wage: Job Killer or Path Out of Poverty?
This Real News Network segment sets forth the most common arguments against increasing the minimum wage to $15 an hour, or alternatively, a living wage level, and shows why they don’t hold up to scrutiny. A decent minimum wage is even more important when the supposedly robust US economy is increasingly creating McJobs. JAISAL NOOR: […]
Read more...China Won’t Be Taking Over
Why China is fragile and starting to look wobbly.
Read more...Thoughts on Warren and Sanders: How Much Change Is Needed in 2021?
A look at Warren’s and Sanders’ fundamental political stances and what they might mean for their 2020 campaigns.
Read more...How Shocking Was Shock Therapy?
Poland managed to escape a lot of the “shock doctrine” treatment, yet has gone hard right. What happened?
Read more...Wolf Richter: Housing Bubble Trouble in Silicon Valley & San Francisco
Housing is going pear-shaped in California tech-land….and you can’t blame it on a tech bust.
Read more...Richard Murphy: Davos Wants a Better Measure of Failure
Some Davos musings show that our elites aren’t what they are cracked up to be.
Read more...Wolf Richter: Markets Are in a Tizzy. So What Will the Fed Do?
What will the Fed do next, now that investors have finally started to react to its tightening of monetary policy, after years of somnolent money-making?
Read more...Stumped by the Stock Market Slump? Start by Picturing a Used Car Dealership
Trading stocks can be a lot like buying a used car.
Read more...Michael Hudson: The Vocabulary of Economic Deception
Michael Hudson gives a wide-ranging interview, discussing the importance of euphemism in obscuring power relationships and exploitation.
Read more...Why It’s So Hard for Most Countries to be Economically Independent from the West
Western countries insist both on “free trade” with poor countries and farm subsidies for themselves.
Read more...Do Climate Policies ‘Kill jobs’? An Economist on Why They Don’t Cause Massive Unemployment
Sadly, an upbeat take on what “green” policies might means for jobs greatly understates the depth of economic restructuring needed to reduce the pace of climate change.
Read more...Wolf Richter: “Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks
Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.
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