‘Time for Congress to Act’: Sanders, Scott Unveil $17 Federal Minimum Wage Bill
Another push for a minimum wage boost. The gap between the $17 target and the current level of $7.25 an hour is a yawning chasm.
Read more...Category Archives: Income disparity
The Admissions Game
Quelel suprise! A new paper shows the very rich do very well in getting admitted to elite colleges. But why, exactly?
Read more...Could Winning an Election Be the End of Keir Starmer?
Elected as the lesser of two evils, Keir Starmer’s Labour will face crises from the offset. Could its disenchanted left step in?
Read more...Rage, Neoliberalism, and Phone Trees
How neoliberalism is contributing to the collective sour mood.
Read more...The Looming War Against China: Economic Logic Has Been Replaced by National Security Overrides
Michael Hudson provides a deep dive on the US’ and now its Western allies’ obsessive campaign against China.
Read more...Energy Destinies – Part 6 Energy Policy And Emissions – Hot and Hotter
Based on the current state of science, technology, policy development and implementation, the probability of meeting emissions targets is doubtful. This means that global temperature rises will, in all probability, exceed the recommended levels, most likely substantially and earlier than projected. The consequent changes in planetary geo-physics and meteorology will be substantial.
Read more...Colonialism or Sovereignty? How the Global Financial System Traps Countries in Debt
A deep dive on developing country debt crisis and how they reveal the workings of international finance.
Read more...The Origins of the Investment Theory of Party Competition
How Tom Ferguson’s archival research showed that conventional wisdom on voter behaior was rnaive, and investment drives outcomes.
Read more...Book Review: Richard Vague, “The Paradox of Debt”
And why finding reforms to our current economic system is a Sisyphean task.
Read more...The United States’ Financial Quandary: ZIRP’s Only Exit Path Is a Crash
Michael Hudson takes a long, hard look at the origins and costs of the Fed’s ZIRP policy.
Read more...It’s Not That Hard to Solve Homelessness
America has the means to substantially alleviate homelessness but not the desire.
Read more...The Return of Child Labor As the Latest Sign of American Decline
Child exploitation is baack! How did we get here?
Read more...It’s Hard for Americans to Engage in China-Bashing Without Tripping on Contradictions
There are no doubt good reasons for Americans to be concerned about China, but our official justificaitons don’t stand up to scrutiny.
Read more...Why French Streets Are on Fire Again
The Nanterre killing & banlieue riots show the problems of the French government, media, and dominant culture with “post-colonial” minorities.
Read more...“Should There Really Be a Supreme Court? Its Role Always Has Been Anti-Democratic”
How much is the Supreme Court to blame for the red shift in policies?
Read more...