Category Archives: The destruction of the middle class

Imperialism: How the Struggle of Both Classes and Nations Creates Our World

How imperailasm has determined much of the structure of the international economy and that in turn affects domestic interests.

Read more...

The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility

Stock buybacks, aka corporate financialization, as a mode of predatory value extraction

Read more...

Fed Ponders How Quickly to Try to Inflict More Pain on the Economy to Get Inflation to 2%

Debates inside and outside the Fed as to what it should do next about inflation pick up as its annual Jackson Hole conference approaches.

Read more...

Stigler Center/ProMarket Hypocrisy: Published, Then Removed Post That Justified Anti-Trust; Bogus Excuses Demonstrate University of Chicago Failed Econowashing of Hard Core Neoclassical Stance

ProMarket and the Consumer Welfare Standard: Output increase is not sufficient to increase welfare. Allocation, aka distribution, matters.

Read more...

How Javier Milei Upset Argentina’s Political Status Quo

Yves here. We’re featuring a post from openDemocracy on Argentina’s primary results that had far-right candidate Javier Milei beating the candidates of the two parties that have been in power for two decades. The post is telling, and not in a good way. Milei does advocate extreme views (not that he can go as far […]

Read more...