Category Archives: The destruction of the middle class

‘This Is a Battle Between What People Need & What Money Wants.’ How’s That Going to End?

Class warfare, American style, is ever more obvious. But how much are ordinary people taking note?

Why Does Congress Fight Over Childcare But Not F-35s?

Details on why Congress is addicted handing out military pork as opposed to spending money on citizens’ needs.

Just Keeps Getting Worse: Services Trade Surplus, the American Dream-Not-Come-True, Worst in 10 Years. Imports Worst Ever. Trade Deficit Worst Ever

Repeat after me: trade deficits = exporting jobs. The latest results confirm how crappy US policies are.

Ralph Nader: While Americans Sleep, Our Corporate Overlords Make Progress Impossible

Politicians from both parties do the bidding of their corporate overlords rather than act on behalf of voters.

Michael Hudson and Thomas Piketty Debate Inequality, Debt, and Reform

Thomas Piketty and Micheal Hudson address “What is debt,” and also address inequality, rentierism, and reform in the West and China.

“Yes, AOC’s Dress Was Performative Politics, But She Got Her Point Across”

Did the controversy around AOC’s “Tax the Rich” dress advance the cause of reducing inequality?

NYC Set to Pass Food Delivery App Laws Securing Workers Minimum Pay, Bathrooms and More

Gig workers, specifically deliveristas, are en route to securing important workplace protections, like minimum wages and bathroom rights.

Algorithmic Management

Examinging how algorithmic management works and why it is likely to become even more widespread.

Why the Rich Get Richer and Interest Rates Go Down

A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.

Removing Urban Highways Can Improve Neighborhoods Blighted by Decades of Racist Policies

Urban planning has been used to classify, segregate and compromise people’s opportunities based on race. Highway removal can improve urban neighborhoods.