Pandemics and Inequality
Pandemics have a long tail, including their impact on inequality.
Read more...Category Archives: Income disparity
Macro N Cheese – Debt Deflation and the Neofeudal Empire with Michael Hudson
Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump’s MMT.
Read more...How Three Prior Pandemics Triggered Massive Societal Shifts
Some past pandemics ushered in massive changes….but only with massive death levels. So can the powers that be rest easy with Covid?
Read more...Why Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks: A 45-minute Conversation with Richard Vague
Richard Vague, who has studied financial crises, has honed in on the destructive impact of private debt and the need for debt jubilees.
Read more...Election Violence in November? Here’s What the Research Says
Why worries about violence and worse, fascism come the fall are largely suburban pearl-clutching as opposed to well-founded fears.
Read more...Shareholder Capitalism’s Ugly Legacy
Debunking some of Milton Friedman’s destructive ideas, such shareholders, who only have residual claims in a company, ought to come first.
Read more...How Donald Trump Abandoned Workers After Promising to Bring Manufacturing Back to the U.S.
Restoring manufacturing to the US is a tall order. Not surprisingly, Trump’s approach has been unserious.
Read more...Why Trump’s Promise to Save Manufacturing Was One He Never Intended to Keep
Trump’s promise to save manufacturing jobs and rebuild infrastructure was all bluster, no surprise from the man known for stiffing workers.
Read more...NYT Report: 9 of Every 10 Restaurants and Bars in N.Y.C. Can’t Pay Full Rent
While the NYT reports 9 out of 10 bars and resturants cannot make full rent, the city dithers about real solutions to eliminitaig evictions.
Read more...How Hypocrites in High Places Have Contributed to the Riots in the Streets
Why the riots of this summer resulted from the ever-increasing exploitation of low-income Americans, and how a Job Guarantee would reverse this power imbalance.
Read more...We Must Defeat the US Trade Deal
Why signing up to a US trade deal would mean a loss of sovereignity for the UK.
Read more...Coronavirus Economic Distress Hitting Indebted Professionals
Coronavirus damage is working its way up the economic food chain and is now hitting professionals in a meaninful way.
Read more...Ilargi: Why Trump Will Win
A contrarian reading on Trump’s prospects.
Read more...Importing Inequality: Immigration and the Top 1%
Data from UK tax records with new information on migrant status to show that that migrants are highly represented at the top of the UK’s income distribution.
Read more...It’s Time for a Debt “Jubilee”
Households and businesses are overloaded with debt. Richard Vague offers a set of proposals for how to restructure it.
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