Gaius Publius: What’s Called “Capitalism” Is Far from Any Model of Capitalism or Market
Tony Benn and Noam Chomsky take a hard look at what passes for capitalism.
Read more...Category Archives: The destruction of the middle class
More Proof That Economic Policies Have Failed Workers: Median Real Incomes Stagnant for Last Two Decades
Sometimes one chart really does tell you what you need to know.
Read more...Chris Hedges and Leo Panitch: We are All Greeks Now
Leo Panitch and Chris Hedges discuss how nature of imperialism today is financial power.
Read more...Doug Smith: Labor Day? Let’s Tell The Truth And Call It “Assets Day”
It’s not for nothing that Ambrose Bierce wrote in The Devil’s Dictionary: “Labor: One of the processes by which A acquires property for B.”
Read more...Uber Strategy of “Monopolization Through Sidestepping Labor Law” May Be Coming to an End
A California judge is threatening Uber’s fiendish “Let’s arbitrage state and federal law and replace a monopoly with a different monopoly” plan:
Read more...CEOs Call for Wage Increases for Workers to Address Inequality! What’s the Catch?
It is beginning to dawn on the top echelon that too much inequality is not good for them.
Read more...Household Labor, Caring Labor, Unpaid Labor
A discussion of the practical and policy implications of failing to measure household labor and production.
Read more...Robert Reich: In the New Economy, Workers Take on All the Risk
More Americans than ever don’t know what they’ll be earning next week. That’s why we need income insurance.
Read more...Bill Maher, New York Times Op Ed on the “Post Greed is Good Economy”
Bill Maher has a devastating short segment on the “post greed is good” world, as exemplified by the “sharing economy.” In a bit of synchronicity, a New York Times op ed by a former high-end restaurant captain covered similar themes.
Read more...German Wage Repression: Getting to the Roots of the Eurozone Crisis
How Germany’s wage repression, a war against its own workers, has been exported to the rest of the Eurozone.
Read more...As QE Wanes, Real Costs of “Employment” Subsidies Surface
As the QE prop is removed, it will become more difficult to ignore the fact that “employment” subsidies were often simply “employer” subsidies.
Read more...The Teach For America Bait and Switch: From ‘You’ll Be Making a Difference’ to ‘You’re Making Excuses’
A report from an insider on organization dedicated to scabbing known as Teach for America.
Read more...Kanbur/Stiglitz: Rent Seeking as a Major Driver of Wealth and Income Inequality
Yves here. This post is wonky but important. While Stiglitz has written regularly about inequality as problematic from an economic perspective, and has mentioned rent seeking as a contributor, to my knowledge, this is the first time he’s said that old theories need to be tossed and that rent seeking is one of the main factors now driving wealth and income inequality.
Read more...Why Bernie Sanders Should Add a Job Guarantee to His Policy Agenda
Bernie has unapologetically rejected sclerotic visions of what is ‘politically possible’. And now he should add the Job Guarantee to his list of issues.
Read more...David Sirota: Hillary Clinton Is Running Away from Her “Free Trade” Record
Yet again, HIllary Clinton tries to distance herself from her “sell out the middle class” policies, this time on “free trade”.
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