Homelessness Among Older People Is on the Rise, Driven by Inflation and the Housing Crunch
Rising housing and medical costs meet fixed incomes to push older peope into desperation and homelessness.
Read more...Category Archives: The destruction of the middle class
Real Progressives Live with Michael Hudson: The Destiny of Civilization
Michael Hudson explains how financial capitalism won the struggle with industrial capitalism and gave rentiers the upper hand.
Read more...Trump and the Republican Base: A Machine Learning Approach
Economic issues are a primary part of Trump’s appeal to his base
Read more...Has this Contorted Labor Market Forced Companies to Change their Thinking about Layoffs?
There is now mounting anecdotal evidence that many employers are having second thoughts about laying off people at the first signs they see their revenue growth get into trouble.
Read more...The Public Shouldn’t Pay for Drugs Twice
Taxpayers foot the bill for medical research, but drug companies profit. We need a new R&D model to stop this rentierism.
Read more...Collateral Damage From Higher Interest Rates
Why to be wary of Larry Summers selling another Volcker-type “kill the economy to save it” interest rate jihad.
Read more...The Destiny of Civilization: An Interview with Michael Hudson on Economic Development, Rentierism, Debt, China
Another tour de force with Michael Hudson, covering development, rentierism, economic narratives, debt dynamics, and the rise of China.
Read more...Reader Sanity Check: Erosion of the Skilled Trades?
America is rotting from the top, witness the arrogance and incompetence of our elites. But are we also faling short on skilled workmen?
Read more...Michael Hudson: Germany’s Position in America’s New World Order
Why is Germany in thrall to the US, to Germany’s great detriment? A historical analogy provides some insight.
Read more...After Bolsonaro’s Failures, Why Was Brazil’s Election So Close?
Lula wins by a whisker, but the Bolsonao Christian Right remains a powerful threat.
Read more...Successful Tool Lending Libraries Force Us to Rethink What the Public Is Willing to Share
Tool libraries lend implements and devices and provide guidance to community members who can’t afford to own or store their own tools.
Read more...Stop Worshiping Central Banks
Preoccupied with ‘credibility’ and reputations, central banks are again driving the world into recession, financial turmoil and debt crises.
Read more...The Ongoing Criminalization of Homelessness
States and localities across the US continue to pass laws criminalizing “public camping” and other draconian crackdowns on the increasing number of homeless people in the country.
Read more...Satyajit Das: A Disordered World – Part 2: Susceptibilities
Satyajit Das continues his tour of the breakup of the world order, here focusing on financial/economic dislocations and dysfunctional elites
Read more...Sunak Has Been Set Up To Fail and the Likelihood Is That He Will
Rishi Sunak has a Mission Impossible even before getting to his bad impulses. Most countries in the West face the same long list of problems
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