Matt Stoller: #OccupyWallStreet Is a Church of Dissent, Not a Protest
Trying to clear up the rear-view-mirror takes on OccupyWallStreet, ten years later.
Read more...Category Archives: Income disparity
Why the Rich Get Richer and Interest Rates Go Down
A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.
Read more...Wait and See: The Labor Market Implications of Economic Uncertainty
An increase in perceived uncertainty does indeed increase the value of waiting, thus reducing job creation.
Read more...Elite Educators Have Milked the System for Long Enough
As the pandemic deepens inequality, it’s vital to dismantle the system that gives state schools no chance against elite peers
Read more...Removing Urban Highways Can Improve Neighborhoods Blighted by Decades of Racist Policies
Urban planning has been used to classify, segregate and compromise people’s opportunities based on race. Highway removal can improve urban neighborhoods.
Read more...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...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.
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