Brexit Is a Consequence of Low Upward Mobility
In the Brexit referendum, UK citizens were pleading through their vote – and non-vote – for a fair shot at the future.
Read more...Category Archives: The destruction of the middle class
Why Elizabeth Warren’s Accountable Capitalism Act Will Be Good for Shareholders
Why shareholders are getting a raw deal out of the misguided corporate fixation on “maximizing shareholder value,” and Elizabeth Warren’s new bill is therefore good for them.
Read more...Rethinking Social Progress in the 21st Century
A new report examines the path to global social progress. Unfortunately, there are no easy answers.
Read more...Gaius Publius: Progressives Ask Why So Many Unions Seem Anti-Progressive
Progressives are waking up to the fact that most unions are not on their side.
Read more...Medicaid Officials Target Home Health Aides’ Union Dues
Another attack on union funding.
Read more...Where in the World Is It Easiest to Get Rich?
Debunking American exceptionalism on a pet obsession: the ability to get rich.
Read more...The Enemy Between Us: How Inequality Erodes Our Mental Health
Inequality creates the social and political divisions that isolate us from each other.
Read more...Puerto Rico: 1427 Hurricane Maria Deaths
Government of Puerto Rico presents report to Congress acknowledging 1427 Hurricane Maria details– more than twenty times the previous estimate it had given. Meanwhile, prospects for meaningful debt relief remain slight.
Read more...Baltimore Set To Be First Major US City to Ban Water Privatization
The city of Baltimore is poised to denounce the privatization fairy and reject privatization of its water and sewage system.
Read more...Richard Murphy: Writers of Labour’s “Fiscal Rule” Lash Themselves to the Austerity Mast
Labour’s economists show their Third Way colors and advocate austerity-generating policy rules that might as well have been penned by former Treasury Secretary, later Citigroup vice chairman Bob Rubin.
Read more...For Many College Students, Hunger Can ‘Make It Hard To Focus In Class’
Up to half of college students report that they were either not getting enough to eat or were worried about it.
Read more...Inequality and Ordinary Living Standards in Rich Countries
How the evolution of the rise in inequality in the US has dominated and distorted economists’ and pundits’ commentary; data show that some pet generalizations don’t hold up.
Read more...Austerity Caused Brexit
Yves here. Lambert sent me a copy of the underlying paper on Brexit voting patterns a week ago, suggesting I write it up. I sat on it due to focusing on seemingly more pressing stories, plus being behind on administrativa due to travel. I’ve embedded the article at the end of this post. This finding […]
Read more...The Michael Hudson Report: The “Next” Financial Crisis and Public Banking as the Response
Michael Hudson explains how we’re still in the crisis that started in 2007-2008.
Read more...Taxcast: A Firewall to Protect EU Citizens from the Big Four Accountancy Firms and the Tax Avoidance Lobby
In the Tax Justice Network’s July 2018 Taxcast, Vickie Cann and John Christensen examine a proposal for a firewall to protect EU citizens from the Big Four accountancy firms and the tax avoidance lobby, as well as look at a new report from the Corporate Europe Observatory.
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