‘This Is Our Defining Moment’: UAW Launches Historic Strikes Against Big Three Automakers
The once-feared UAW is flexing some muscle. Complaints about expenses are disingenuous v, the cost of stock manipulation, aka buybacks.
Read more...Category Archives: The destruction of the middle class
Yanis Varoufakis: TECHNOFEUDALISM – What Killed Capitalism
Yanis Varoufakis’ forthcoming book examines our changed economic system, which he callls “technofeudalism.”
Read more...On Not Thinking Like a Liberal in the 21st Century
“Liberalism is the solution to nothing we face in this changing world that Liberalism hath wrought.”
Read more...How Shareholder Value Fixation Turns AI and Robotics into a Recipe for Failure
New technologies are not the problem. It’s a system distorted by a flawed shareholder value ideology.
Read more...Will It Be Socialism or Barbarism for the Twenty-First Century?
How the end of policies supporting the material well-being of workers, aka socialism, has created widespread distress and political schisms.
Read more...Income Share Agreements for Higher Education Get a Rebrand
Agreements in which students owe a percentage of post-graduate income are likely to lead to more peonage as Wall Street is eager to get in on the action.
Read more...Jobs Are Up, Wages Less So – and Lower Purchasing Power Could Still Lead the US into a Recession
Quelle surprise! Trends in wages indicate that the economy is less robust than the officialdom and financial press would have you believe.
Read more...How Economists Distorted Economic Theory to Help Big Companies Get Bigger
Economists had to play fast and loose with economic theory to deploy their merger “efficiency” arguments.
Read more...“Core Services” Inflation Jumps to 2nd Worst Since 1985, “Non-Housing Services” Are Red Hot. Fed’s Job Far from Done
Inflation in the US is still defying the Fed, confirming that the blunt instrument of interest rate increases is not the right tool.
Read more...Labor Economist: AI May Bring a Boom in Horrible Jobs
Losing jobs isn’t the only thing workers have to worry about. AI may make many jobs worse.
Read more...Biden Administration Migrant-Friendly Southern Border Policy Creating Splits Among Democrats; NYC About to Eject 4,500 from Shelters
den”s “even more open borders” policy is generating resistance among some Democrats.
Read more...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...Technotage on the Rise? More Efforts to Stymie Job-Threatening, Sometimes Hazardous “Innovations”
Ant-technology action, or technotage, seems to be increasing. Is this a trend or just coincidence?
Read more...Book Review: Two Critiques of America’s Ailing Health Care System
Two new books chronicle the shortcomings of the nation’s health care system, if you can call it that.
Read more...Medicare for All, Not Medicare Advantage
How Medicare Advantage plans raid taxpayer funds and routinely fail to deliver the care that patients expect and deserve.
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