The Role of Experts in Public Debate
How experts, as in economists, wrap themselves in a mantle of jargon and supposed superior insight to promote policies that screw workers.
Read more...Category Archives: Economic fundamentals
Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs
The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]
Read more...How Common Ownership is One Route to Social Transformation
Can changes in ownership rules tame the bad features of capitalism?
Read more...Here Come the Robots: Your Job Is at Risk
How robots threaten jobs in emerging economies.
Read more...February Jobs Report: Hitting on All Cylinders but Wages
Economists and the Fed are declaring victory on jobs while merely delivering yet more stagnant real wages. Nicely played!
Read more...Taxing Robots?
Contra Bill Gates, economists are not keen about taxing robots.
Read more...Debunking 5 Myths About Frexit
A skeptical look a Frexit, meaning France exiting the Eurozone.
Read more...Why a 400-Year Program of Modernist Thinking is Exploding
Eurocentric modernism is not compatible with human civilization and is finally reaching its breaking point.
Read more...Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started
A look a sharing versus “sharing economy” hucksterism.
Read more...Brexit: More on the UK’s Weak Hand
Yet more debunking of pro-Brexit fantasies.
Read more...America’s Hidden Water Affordability Crisis
Why water is a stealth crisis in places like Seattle and Atlanta and will become an economic and social problem for more cities soon.
Read more...Apprenticeship and the Rise of Europe
How the apprenticeship system developed and gave Europe an edge.
Read more...Keynesianism and the Great Recession
Why abandoning Keynesianism in favor of neoliberalism set up the financial crisis and led to inadequate post-crisis responses.
Read more...Michael Hudson on Trump’s Tax Sleight of Hand
A skeptical look at some of Trump’s tax proposals.
Read more...Neoliberalism Was Supposed to Make Us Richer: Three Reasons Why It Didn’t
How neoliberalism contributed to the productivity slowdown
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