No, Productivity Does Not Explain Income
Why a widely-held view about productivity that is foundational to the claim that people are paid what they deserve does not hold up to scrutiny.
Read more...Category Archives: Free markets and their discontents
Austerity Has Made People Less Prepared for a No Deal Brexit
The government says it’s preparing for a Brexit crash out. But ten years of spending cuts have made the people of Britain intensely vulnerable to economic shock.
Read more...How Capitalism Exploits Our Fear of Old Age
Pondering the challenges of being old now.
Read more...Deskilling Among Manufacturing Production Workers
More evidence of how manufacturing workers have taken it on the chin.
Read more...Britain After Brexit: Welcome to the Vulture Restaurant
US business will asset-strip the UK, but that’s not all: the Pentagon will find the little-known fragments of the British empire very useful.
Read more...Michael Hudson: Why Frances Coppola’s “The Case for the People’s Quantitative Easing” Is for Banks, Not the People
A dubious proposal to continue over-reliance on monetary policy, this time with a quantitative easing scheme, instead of fiscal spending.
Read more...Mr. Market Swoons as Trump Administration Escalates Trade War with China With “Currency Manipulator” Charge
Markets are in a tizzy over the US-China trade row. But what might come next?
Read more...Mark Blyth’s Incisive Post-Crisis Takedown: “A Brief History of How We Got Here and Why”
Mark Blyth gives a pithy talk on the economic regimes of the modern period and what is likely to be in store.
Read more...Neoliberalism: Political Success, Economic Failure
Now, after nearly half a century, the verdict on neoliberalism is in.
Read more...Why We Need Publicly Owned Energy for a Green New Deal
Moving to zero carbon output requires a decentralized, publicly-owned energy system.
Read more...Trump Pretends to Like Union Members—But He Really Likes the Fat Cats
An update on what Trump has, or more accurately, has not, done for workers.
Read more...Private Equity: The Perps Behind Destructive Hospital Surprise Billing
How private equity ginned up yet another abuse.
Read more...Restoring the Commons
On how revived commons can work in a modern economy.
Read more...Reclaiming the Commons Through State Ownership? Maybe Not
Transnational state capital can be just as harmful as its private counterparts. Local, democratic and sustainable alternatives offer better protection.
Read more...Hospitals Squeal Like Stuck Pigs Over Trump Proposal to Force Disclosure of Insurance Company Discounts
A Trump proposal to force some price transparency on hospitals has them hopping mad.
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