The Fundamental Flaw in Muddied Brexit Thinking
Brexit negotiators seem clueless about how to get out of their own way. Here’s why.
Read more...Category Archives: Free markets and their discontents
Is Technological Progress Behind Growing Income Inequality?
Do elite-serving claims that technological change is a big driver of the rise in inequality hold up to scrutiny?
Read more...Uber, Gig Economy: “The Brutality of the System Is Being Lost on Those Who Actually Use These Apps”
The Financial Times’ Izabella Kaminska argues that the gig economy is a new form of feudalism.
Read more...The Econocracy: An Interview with Cahal Mora
The new book Econocracy describes how economics training discourages critical thinking, overreaches, overpromises, and underdelivers.
Read more...Bill Black: White Collar Crime Will Have a Field Day Under Trump
In this Real News Network segment, Bill Black describes why elite banksters will have a free hand if Trump gets his appointees through. Although Black focuses here on just departed Goldmanite Gary Cohn, the Democrats ought to put up a pitched battle over another Goldman alum, Steve Mnuchin, Trump’s Treasury Secretary nominee. Mnuchin is unqualified […]
Read more...Bill Black: After 30 Years of Throwing Working People Under the Bus, Democratic Party’s “Centrist” Leaders Remain Clueless About Voter Revenge
The Democrats abandoned the working classes long ago and like an abusive spouse, never thought their victims would leave them.
Read more...Capitalism in the Time of Trump?
Neoliberal capitalism has led to underinvestment, lowering productivity and increasing inequality. Will Trump make things better or worse?
Read more...Michael Hudson: Economists’ Deadly but Innocuous-Seeming Proclamations
A wide-ranging interview by Michael Hudson on the mind games that economists play.
Read more...Back From Full Employment To “Inclusive Growth”
“Inclusive growth” is economics NewSpeak for pretending to be concerned about the diminished opportunities for the middle and lower classes.
Read more...Can Uber Ever Deliver? Part Five: Addressing Reader Comments and Questions
Hubert Horan answers questions about his series on Uber.
Read more...The Standing Rock Sioux Will Be Ready To Take a Trump Challenge to Courts
The Sioux have a decent legal case against Trump Administration efforts to revive the Dakota Access pipeline.
Read more...Bill Black: Jobs, Jobs, Jobs – Not Austerity
Any plan by Democrats to “Help Working People” should begin with the word “jobs.” But an obsession with austerity makes that impossible.
Read more...Can Uber Ever Deliver? Part Four: Understanding That Unregulated Monopoly Was Always Uber’s Central Objective
Why Uber’s goal is replacing urban car service with a higher cost, less efficient operation that would extract wealth from the public.
Read more...Trump’s Win is a Warning: Europe Urgently Needs a New Deal
Europe is ignoring the lessons of New Deal era much to its peril.
Read more...Can Uber Ever Deliver? Part Three: Understanding False Claims About Uber’s Innovation and Competitive Advantages
Why Uber does not have any significant competitive advantages save very deep pockets that allow it to engage in sustained predatory pricing.
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