Category Archives: Income disparity

Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us

Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.

In a Slap in the Face to Progressives, Biden Appoints Larry Summers, a “Literal Architect of Neoliberalism,” to Economic Advisory Role

If you need proof that Biden doesn’t give a damn about oridinary people, his bringing Larry Summers in from political exile should convince you.

#COVID19 Lockdowns, the Reopen Protests, and Wage Labor

Pandemics and TINA.

Max Blumenthal and Ben Norton With Michael Hudson: US Coronavirus “Bailout” Is a $6 Trillion Scam

Michael Hudson explians why the coronavirus bailouts are even more of a gimmie to the rich than they look.

Coronavirus-Induced Food Supply Disruptions Hitting Farmers, Poor Consumers

Food scarcity is already starting to bite in the US and is likely to become a serious problem in much of the world.

Mitch McConnell to State Pension Funds: Drop Dead

Prominent Republicans are threatening to gore the public pension fund ox.

Inequality and the Coronavirus: Destroying American Society From the Top Down

Coronavirus is exposing the severity of inequality in the US, particulary limited access to health care and the health costs of poverty.

The Coronavirus New Normal Has Only Started To Arrive

Why we aren’t even at the end of the beginning of coronavirus-induced change.

Trump Tweet: Will Issue Executive Order Temporarily Suspending All Immigration into the United States

Last night Trump tweeted his intention to issue an executive order temporarily suspending all legal immigration into the United States.

Replacing Workers Has Many Costs

Companies remains short-sighted about the cost of ditching workers.

‘Incrementalism Is Not Helpful in This Moment’: Ocasio-Cortez Rejects Settling for Crumbs in Next Covid-19 Stimulus

Alexandria Ocasio-Cortez says the U.S. cannot afford another incremental stmulus bill that shovels massive bailouts to big businesses alone.

How COVID-19 Showed America’s Dependence on Blue-Collar Workers

The outbreak of “hero” talk is a long-overdue admission that blue-collar workers are the backbone of the US economy. Time to pay them more.