Flint Water Crisis: Michigan AG Pursues Felony Indictments Against Former Emergency Managers
Felony indictments of managers promise some accountability in the Flint Water Crisis. Will this extend up the political chain of command?
Read more...Category Archives: The destruction of the middle class
Student Loan Crisis Increasingly Snares Seniors’ Social Security Benefits
Rising student loan defaults by older borrowers leads some to see Social Security benefits garnished, pushing some below the poverty line.
Read more...Is Technological Progress Behind Growing Income Inequality?
Do elite-serving claims that technological change is a big driver of the rise in inequality hold up to scrutiny?
Read more...CNN Host’s Attempt to Explain the U.S. Economy Was So Bad I Started Yelling at the TV
Offshoring is about the rush to cheap labor, not about automation and new technology.
Read more...Uber, Gig Economy: “The Brutality of the System Is Being Lost on Those Who Actually Use These Apps”
The Financial Times’ Izabella Kaminska argues that the gig economy is a new form of feudalism.
Read more...Investment in Early Childhood Education Yields Substantial Gains for the Economy
Yes, Virginia, more education for the lower orders really does pay off.
Read more...Bill Black: White Collar Crime Will Have a Field Day Under Trump
In this Real News Network segment, Bill Black describes why elite banksters will have a free hand if Trump gets his appointees through. Although Black focuses here on just departed Goldmanite Gary Cohn, the Democrats ought to put up a pitched battle over another Goldman alum, Steve Mnuchin, Trump’s Treasury Secretary nominee. Mnuchin is unqualified […]
Read more...GOP Plans to Gut Social Security
Social Security is on the chopping block. Get the word out.
Read more...Bill Black: After 30 Years of Throwing Working People Under the Bus, Democratic Party’s “Centrist” Leaders Remain Clueless About Voter Revenge
The Democrats abandoned the working classes long ago and like an abusive spouse, never thought their victims would leave them.
Read more...Capitalism in the Time of Trump?
Neoliberal capitalism has led to underinvestment, lowering productivity and increasing inequality. Will Trump make things better or worse?
Read more...Michael Hudson: Economists’ Deadly but Innocuous-Seeming Proclamations
A wide-ranging interview by Michael Hudson on the mind games that economists play.
Read more...US Life Expectancy Declines in 2015: Unintentional Injuries Rise
US life expectancy declines for the first time in 23 years, with rates increasing for eight of the ten leading causes of death.
Read more...Nomi Prins: Trump’s Bait and Switch — How to Swamp Washington and Double-Cross Your Supporters Big Time
Trump turns to billionaires as Cabinet picks: apparently “draining the swamp” means filling it with new layers of golden sludge.
Read more...Back From Full Employment To “Inclusive Growth”
“Inclusive growth” is economics NewSpeak for pretending to be concerned about the diminished opportunities for the middle and lower classes.
Read more...Bill Black: Jobs, Jobs, Jobs – Not Austerity
Any plan by Democrats to “Help Working People” should begin with the word “jobs.” But an obsession with austerity makes that impossible.
Read more...