Can This Industry Be Saved? The Case of Natural Diamonds
The once prized diamond is now merely a natural diamond and losing ground to its cheaper manufactured cousins.
Read more...Category Archives: The destruction of the middle class
Why Inflation Sticks Around: The Role of Class Warfare in Price Persistence
A new twist on inflation: how workers and corporates trying to preserve their financial position has the effect of perpetuating inflation
Read more...“The Corporate Takeover of Housing”
Debunking some widely held misperceptoins about why US housing is so pricey.
Read more...Yanis Varoufakis: Who Needs Marx in 2025?
To free ourselves from our technofeudal overlords, we must think like Karl Marx.
Read more...U.S. Political System Is Bought, Not Broken. A New Party Won’t Fix the Basic Problem.
Real reform in American politics won’t come new parties — but from breaking investors’ grip and rebuilding power from the ground up.
Read more...Possible Kraft Heinz Breakup: A Buffett Investment Failure, Thanks to Healthier Tastes Among the Better Off and Need for Better Bargains for the Rest
A badly under-perfoming merger, Kraft and Heinz, is set to be reversed. Did that deal undermine the giants adapting to changing tastes?
Read more...What Does the US’ Increasing Emulation of Israel Augur for the Country’s Future?
As cooperation in the killing fields of Gaza continues, the genocidal ideology comes home. What is the way out of this madness?
Read more...Housing a Basic Right or Playground for Global Capital? – Paul Jay
How the financialization of housing destroys the societal fabric and why we need to make housing public infrastructure—like schools or libraries.
Read more...Billionaires Flail About Trying to Beat Mamdani; Wall Street Journal Describes Shambolic Plan to Spend $20 Million
What fun! Billionaires running around all hair on fire over their inabilty to do much to check Mamdani.
Read more...That $20 Dress Direct from China Now Costs $30 After Trump Closed a Tariff Loophole – and the US Will Soon End the ‘De Minimis’ Exemption for the Rest of the World, too
How the Trump tariff attack on low-value shipments from Hong Kong and China (and soon elsewhere) is yet another tax on the poor.
Read more...Early Job Mentoring, Placement, and Training Boost Refugee Integration Without High Costs
Like it or not, advanced economies are committed to immigration to counter low birthrates. Better refugee integration reduces the friction.
Read more...The Sad (Very Familiar) New York Times and Its Mamdani Hit Piece
The hit parade, as in the hit piece parade, on New York City mayor candidate Zohran Mamdani, is still in high gear.
Read more...Trump’s Self-Destructive Fight with the Fed for Low Interest Rates: His “Fiscal Dominance” Game of Chicken
Trump is fighting another war he can’t win: trying to use interest rates to counter the inflation created by his yawning fiscal deficits.
Read more...How Global Value Chains, Much Hyped by Development Experts, Slowed Growth and Preserved Inequality in Middle Income Countries
Tackling a pro-multinational development canard which looks to have made the so-called middle income trap worse.
Read more...Michael Hudson: The Collapse of America’s Economic Empire
Michael Hudson, expanding on his seminal work Super Imperialism, chroniciles the rise and in-process decline of US financial hegemony.
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