The Role of Experts in Public Debate
How experts, as in economists, wrap themselves in a mantle of jargon and supposed superior insight to promote policies that screw workers.
Read more...Category Archives: The destruction of the middle class
Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs
The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]
Read more...4 Charts on Wall Street’s Outsized Pay
Wall Street denizens whinge about embarrassingly rich pay packages.
Read more...How Common Ownership is One Route to Social Transformation
Can changes in ownership rules tame the bad features of capitalism?
Read more...Here Come the Robots: Your Job Is at Risk
How robots threaten jobs in emerging economies.
Read more...February Jobs Report: Hitting on All Cylinders but Wages
Economists and the Fed are declaring victory on jobs while merely delivering yet more stagnant real wages. Nicely played!
Read more...Taxing Robots?
Contra Bill Gates, economists are not keen about taxing robots.
Read more...Can Uber Ever Deliver? Part Nine: The 1990s Koch Funded Propaganda Program That is Uber’s True Origin Story
The perception that Uber is a competitive success comes from a recycled propaganda campaign.
Read more...Flint Official Escapes Imprisonment, Only Has to Write Apology Letter
The optics around a Flint water plea deal are not good.
Read more...Doubling Down on Dystopia
What dystopian novels and narratives say– and fail to grasp– about the triumph of Trump’s will.
Read more...Campaign Calls on Bernie Sanders to Lead a New Party
With the Democrats getting their claws into reform efforts like Our Revolution, is a Sanders-led party the most viable route for change?
Read more...Michael Hudson: Retirement? What Social Obligation?
How neoliberals have rewritten the social contract around retirement.
Read more...Brexit: More on the UK’s Weak Hand
Yet more debunking of pro-Brexit fantasies.
Read more...America’s Hidden Water Affordability Crisis
Why water is a stealth crisis in places like Seattle and Atlanta and will become an economic and social problem for more cities soon.
Read more...Keynesianism and the Great Recession
Why abandoning Keynesianism in favor of neoliberalism set up the financial crisis and led to inadequate post-crisis responses.
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