The Post-Covid Global Economy: Could Negative Supply Shocks Disrupt Other Fragile Systems?
Continuing shocks to the economy threaten the stability of democracies that already show significant signs of fragility
Read more...Category Archives: The destruction of the middle class
Healthcare Systems Increasingly Turn to Gig Nurses to Remedy Their Self-Created Nurse “Shortages”
Private equity uses the pandemic to pursue the “Uberfication” of nursing.
Read more...Davos Elite Won’t Tackle Climate Crisis and Global Inequalities
Quelle surprise! Change on crucial issues of climate and inequality is unlikely to emerge from the World Economic Forum.
Read more...Google’s Stock Climbed After It Fired 12,000 Employees—But What Did They Get Out of It?
Tech companeis laying off tens of thousands of employees, underscoring their fixation on short-term performance metrics.
Read more...Monopsony in Professional Labor Markets: Hospital System Concentration and Nurse Wage Growth
elle surprise! “Growing consolidation in localized hospital markets appears to restrict nurse wage growth.”
Read more...Here is the Truth: Medicare Advantage Is Neither Medicare Nor an Advantage
“Medicare Advantage is a money-making scam. I should know. I helped to sell it.”
Read more...Economists Radhika Desai & Michael Hudson Explain Multipolarity, Decline of US Hegemony
The new year gets off to a rousing start with the launch of a new bi-weekly talk show with Radhika Desai and Michael Hudson.
Read more...Public Libraries Continue to Thrive Despite Defunding and Privatization Attacks
Efforts by governments and cities to defund the public library are thankully falleing short due to essential role libraries play.
Read more...What It Means for Hunger to Burn Through the Pentagon’s Ranks
Food insecurity, aka hunger, afflicts from one in eight to one in four military families per recent studies.
Read more...Nepo Babies and the Myth of the Meritocracy
Meritocracy has become an empty idea in America. That’s a problem.
Read more...The Great Inflation Debate: Supply Shocks and Wealth Effects in a Multipolar World Economy
A new analysis finds our inflation comes first from Covid/sanctions supply shocks and second, spending by the rich, not government spending.
Read more...Thomas Frank on How the Feckless Democrats Trashed the American Middle Class
How Democrats abandoned populist economic ideas and whether there is a future for progressivism.
Read more...Cal Grad Student Worker Strike Ends With Deal Panned by Many Rank-and-File Union Members
One dissenting student negotiator said the tentative agreement “does not come close to our initial demands and it leaves a lot of our co-workers still rent burdened, still impoverished.”
Read more...Big Pharma’s Obscene Profits, Not Striking Nurses, Are Killing the NHS
US patients are not the only victims of Big Pharma price gouging.
Read more...Monopoly Power vs Democracy – Matt Stoller
A wide-ranging discussion of some of the key mechanisms for exercising power in advaced economies, starting with monopolies.
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