2016: Oil Limits and the End of the Debt Supercycle
How tight linkages among phenomena, such as oil and commodity prices, and flagging non-elite wages, are about to cause substantial economic disruption.
Read more...Category Archives: Income disparity
Job Guarantee Versus Basic Income Guarantee
A lively and well-informed debate on the merits of a job guarantee versus a basic income guarantee.
Read more...John Helmer: Putin’s Supper for the Oligarchs – Who’s in the Family, Who’s Out?
What Putin’s annual dinner says about his “almost family”.
Read more...Michael Hudson: The Top Three Economic Stories of 2015
Yves here. I beg to differ a tad with Hudson in this Real News Network video regarding his third economic story. The US had already pushed Europe to side with it against Russia when it hit Russia with economic sanctions. The US had similarly declared an economic war of sorts against China with its “pivot […]
Read more...“Summer” Rerun: “Why America Will Need Some Elements of a Welfare State”
In 2007, the Financial Times’ Martin Wolf Wolf concluded that America needed some form of a welfare state. His argument is as valid now as then. Yet it is hard to imagine that anyone would make it now, particularly in light of the effort of soi-disant liberals to pretend that Obamacare insurance policies bear any resemblance to “universal health care”.
Read more...Bill Moyers: The Plutocrats Are Winning. Don’t Let Them!
How citizens must fight plutocrats if they are to have any hope of preserving rule by the people.
Read more...The Fed’s New “Operation Twist”: Twisted Logic for Bank Profits at the Expense of the Real Economy
How did Janet Yellen and the Federal Reserve justify their rate increase now, despite strong signs that there is little economic basis for doing so?
Call this an exercise in twisted logic, plain and simple.
Read more...Latinos Live Longest Despite Poverty. Here’s Their Secret
Contrary to conventional wisdom, poor, fresh to the US Latino immigrants are healthier than Latinos born here. Why?
Read more...Ilargi: Marine Le Pen Will Reap What The EU Has Sown
Thanks to EU and Eurozone misrule, Le Pen is right when she says: “Nothing can stop us”.
Read more...How Economics and Race Drive America’s Great Divide
On how race plays into the operation of a “dual economy”.
Read more...US Life Expectancy Flat for Third Year
The fact that life expectancy in the US is no longer rising, in a time of economic growth, is yet another sign of underlying societal decay.
Read more...Matthew Cunningham-Cook: How the Christie Stole New Jersey Local Government Workers’ COLA
A vignette of how pensioners are being shafted by being denied their COLA, or cost of living increase. In New Jersey, this looks to be a transfer to Wall Street.
Read more...Demise of the US Middle Class Now Official
A study by Pew gives a new look at the fall of the middle class and how the accompanying rise in income stratification is playing out.
Read more...Is France Building an Apartheid State?
In France, members of Arab and African communities languish in a spiral of poverty, relegated to second-class citizenship and physically separated through deliberate planning.
Read more...The Importance of Wealth Concentration and Why It is So Difficult to Measure
As bad as available data says wealth concentration is, it is probably even worse.
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