Category Archives: The destruction of the middle class

James Galbraith: Industrial Policy Is a Good Idea, but So Far We Don’t Have One

Industrial policy, despite recent lip service, is out of favor because doing ambitious things isn’t lucrative enough for the right people.

Read more...

Will the American Oligarchy Accept Limits or Choose World War Three?

Putin has said Ukraine conflict is existential threat to Russia, but there are signs the Western capitalist class is dealing with their own existential crises. Will their greed get us all killed?

Read more...

Yellen and Biden Administration Incompetence: Bullying and Entitlement, Rather Than Making a Case, Here Regarding China Overproduction

Yellen made a complete hash of the question of Chinese overcapacity, a real problem unlikely to sort itself out nicely.

Read more...