Inequality and Ordinary Living Standards in Rich Countries
How the evolution of the rise in inequality in the US has dominated and distorted economists’ and pundits’ commentary; data show that some pet generalizations don’t hold up.
Read more...Category Archives: Income disparity
Austerity Caused Brexit
Yves here. Lambert sent me a copy of the underlying paper on Brexit voting patterns a week ago, suggesting I write it up. I sat on it due to focusing on seemingly more pressing stories, plus being behind on administrativa due to travel. I’ve embedded the article at the end of this post. This finding […]
Read more...The Michael Hudson Report: The “Next” Financial Crisis and Public Banking as the Response
Michael Hudson explains how we’re still in the crisis that started in 2007-2008.
Read more...Misperceptions About Immigration and Support for Redistribution
A large scale survey in six countries found that respondents typically had inaccurate ideas about the level of immigration, but thinking about migrants made them less supportive of redistribution policies.
Read more...Taxcast: A Firewall to Protect EU Citizens from the Big Four Accountancy Firms and the Tax Avoidance Lobby
In the Tax Justice Network’s July 2018 Taxcast, Vickie Cann and John Christensen examine a proposal for a firewall to protect EU citizens from the Big Four accountancy firms and the tax avoidance lobby, as well as look at a new report from the Corporate Europe Observatory.
Read more...The Middle Precariat: The Downwardly Mobile Middle Class
The middle class has taken a big hit. Is it going to mobilize?
Read more...Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis
Michael Hudson explains why the new IMF bailout of Argentina will not end well.
Read more...America’s Subprime Economy
This so-called expansion is more and more brought to you by subprime borrowings.
Read more...Economy of Intangibles
Has the rising role of intangibles, as in intangible assets. helped cause secular stagnation?
Read more...Don Quijones: Multiyear, Job-Creating, Mass-Tourist Boom in Spain Runs Out of Steam
Tourism in Spain accounted for a quarter of the jobs created since 2013 — but mass-tourism of this type brings its own problems.
Read more...Gaius Publius: Facebook Launches TV News Feed; Fox News Prominently Featured
Facebook wants to control even more of your mind.
Read more...The National Insecurity State and the United States of Inequality
For tens of millions of Americans, the source of deep workaday insecurity isn’t the standard roster of foreign enemies, but an ever-more entrenched system of inequality.
Read more...Michael Hudson: Argentina Gets Biggest IMF Loan in History
Leftout podcast of The Hudson Report, with Michael Hudson, discussing the award to Argentina of the biggest loan in the IMF’s history (includes transcript).
Read more...Trump’s Visit Marks the Start of Shock Doctrine Brexit
As Brexit approaches, the personal enrichment hopes of some of its proponents come into focus.
Read more...Leaving Money on the Table: Declining Responsiveness and the Productivity Slowdown
Job reallocation is an important determinant of productivity. This column uses US data to show that a decline in the degree of job reallocation in response to shocks is behind the overall fall in the rate of reallocation over the past decades.
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