Category Archives: The destruction of the middle class

It No Longer Makes Sense for the Bank of England to be Independent

The Bank of England engaged in a mini-coup. But no one seemed to mind because Truss. Will it be reined in?

U.S. Companies Now Charge Ex-Employees for Their Training

Training clawbacks as yet another wage theft scam.

How Corporations “Get Away With Murder” to Inflate Prices on Rent, Food, and Electricity

Antitrust expert Hal Singer shows how big businesses in certain industries are jacking up prices far beyond their cost increases.

Progressives Say New Midterm Poll Must Be ‘Wake Up Call’ to Democrats

“Democrats should close the election with a clear argument about who is prepared to fight for the working class.” Can they?

Is the UK About to Hit the Wall?

The UK is in sorry shape…..and is looking like the canary in the economic coal mine.

Why the Soviet Union Imploded

The Soviet Union depended on energy sales and consumer production stagnated. Reforms promoted the rise of oligarchs and the 1990s free fall.

What Social Security Should Really Be Paying to Survive in This Economy

Inadequate cost of living adjustments are nevertheless giving Social Security gutters new talking points.

Central Bank Myths Drag Down World Economy

Central bank dogma over inflation is pushing the world economy into recession, with many dire consequences for poorer countries.

Glacier Northwest v. Teamsters: An Assault on the Adminstrative State?

If the NLRA does not pre-empt management tort claims against unions, the consequences are grave, not just for unions, but for the administrative state as a whole.

Brexit Britain Is All Alone in a Senseless Pursuit of Disaster Capitalism

As other nations return to state-led investment, Truss and Kwarteng act to weaken the democracy, economy and rights of Britain.

Satyajit Das: The Financial Party Is Coming to an Abrupt End

There seems to be no escape from looming economic and financial problems, but the officialdom will do it best to delay the reckoning.

Truss’s Plan to Hike Defence Funding and Ignore the Climate Is a Disaster

How Liz Truss’ defense budget math does not work…or does really well if the point is to roll social support back to Victorian workhouses.

US Is Becoming a ‘Developing Country’ on Global Rankings that Measure Democracy, Inequality

High levels of inequality are correlated with poor social indicators, so the US falling in global scores should come as no surprise.