With 38 Million Facing Food Insecurity, Hunger in US Soared by Nearly 9% in 2020
The US avoided mass starvation in 2020 mostly because the federal government stepped in to dramatically increase food and cash aid.
Read more...Category Archives: Income disparity
The Downton Abbey Effect: British Aristocratic Matches with American Business Heiresses in the Late 19th Century
How economically faltering British aristocrats monetized their titles.
Read more...Allow Least Developed Countries to Develop
Optimal economic policy for LDCs requires their goverments to resist aping Washington and OECD fads.
Read more...Neoliberalism Is Dying – Now We Must Replace It
From taming Big Tech to competing with China, Western governments are retreatig from neoliberalism. But what comes next?
Read more...‘Catastrophic Injustice’: Judge OKs Purdue Pharma Bankruptcy Plan Shielding Sacklers
Tens of thousands dead and the Sacklers get to ride away with their Purdue Pharma loot.
Read more...Michael Hudson v. George Soros on China’s Rejection of “Market” Capitalism
Soros has a hissy over China’s Xi no longer wanting to play nicely with foreign investors.
Read more...Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis
On how imperialism enabled exploitation of labor in the global South, and then pressure on worker wages in advanced economies.
Read more...Could California End Up With a Trump-Like Governor?
How much should Californians worry that Larry Elder, a politically inexperienced, hard core right winger, might become governor?
Read more...Imperialism Then and Now: Drain of Wealth, Depression, The Role of the State and Globalization
Yves here. This is the second section of the GPENewdoc historical series on imperialism and capitalism. You can find Part 1 here. By Lynn Fries. Originally published at GPENewsdocs Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the […]
Read more...Imperialism Then and Now: Wealth, Unemployment and Insufficient Demand
Prabhat Patnaik on imperialism and capitalism: to accumulate wealth, somewhere demand must be suppressed to provide cheap inputs.
Read more...50th Anniversary of Powell Memorandum: Neoliberalism Has Wrecked Its Hosts
Commemorating a desructive anniversary, that of the Powell memo that set forth how big business would wage war against ordinary citizens.
Read more...Conspiracy Theories Aside, There Is Something Fishy About the Great Reset
The Great Reset is a planned corporate takeover of global governance that affects our food, our data and our vaccines.
Read more...Is Higher Education a Pyramid Scheme?
Labor exploitation, higher education edition.
Read more...Michael M. Thomas, R.I.P
I am very much saddened by the death of Michael M. Thomas, from old money and high finance, and vocally unimpressed by them.
Read more...Close to 50% of US Workers Can’t Afford to Rent One Bedroom Housing
An update on the already desperate and worsening state of the market for renters in the US.
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