Global Economy’s Momentous Shift and Monumental Inequality
An in-depth yet lively debunking by Richard Wolff and Michael Hudson of Panglossian depictions of the state of the US economy and society.
Read more...Category Archives: The destruction of the middle class
How Workers and Firms Meet in the Labour Market and Why It Matters
Because search channels connect workers and firms at different rungs of the wage distribution, matching technologies matter not only for individual job search outcomes, but also for aggregate employment, productivity, and wage inequality.
Read more...The Debt Explosion: How Neoliberalism Fuels Debt Crises
Radhika Desai and Michael Husdon provide a data-driven discussion of the inflating and detonation of debt bombs during the neoliberal era.
Read more...Why the Middle Class Benefits from Inflation
Why you should be glad and learn to love inflation.
Read more...Germany’s ‘Krisenmodus’ Has No End in Sight
German elites look to ban opposition party and switch out the chancellor without changing the policies that make him so unpopular – anything to keep up the fight against Russia.
Read more...Fixing the Panama Canal
The impact of the reduction in Panama Canal capacity illustrates choices we will have to make. Some are more pro-survival than others
Read more...The Billionaire Next Door Driving Up Housing Costs for Everyone
The rich are busy turning the 20th-century dream of owning your own home into the grubby 21st-century reality of renting your own home forever.
Read more...“The Right to Housing, Not Vacation Homes”
Efforts to curb AirBnB running unlicensed hotels, which cannibalizes residential housing, have not gone far enough.
Read more...Unhappy New Year: How Austerity is Making a Comeback in Berlin and Brussels
How EU states are still trapped in their self-devised austerity hairshirt.
Read more...We Deserve Medicare for All, But What We Get Is Medicare for Wall Street
An overview of health care, particularly Medicare, rentierism, with private equity playing a starring role.
Read more...American Household Debt: A Reappraisal
An attempt to correct the “blame the poors” approach to the reality and systemic risk posed by debt among lower-income borrowers.
Read more...Rarely in the Field of Human Endeavour Has One Rather Small Profession Caused So Much Harm to Humankind as Neoclassical Economists Do Now
Not enough bad can be said about neoclassical economics. The focus today is inflation policy.
Read more...Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt
Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.
Read more...Book Review: Sally Denton and Roger Morris, “The Money and the Power”
Examining the moments and people that helped fuse the US state, economy, and organized crime into one indistinguishable entity.
Read more...Migrants Are Begging in Brooklyn Neighborhoods That Voted for Trump, Sparking Hostility and Help
Nextdoor and Facebook groups present anecdotes and photos from Marine Park of encounters with migrants from a nearby shelter complex. Others are providing aid.
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