Free Fridges in The Bronx, Created as COVID Stopgap, Still Meeting Chronic Food Needs
The successful community free fridges — fewer than during the pandemic — are now short on cash as well as volunteers to transport food.
Read more...Category Archives: The destruction of the middle class
Top Antitrust Expert: We Need a New Approach to Giant Tech Firms Like Google
A leader in competition and antitrust warns that ever-expanding tech giants raise concerns about the extent of their power.
Read more...Michael Hudson Answers Questions on Europe’s Self-Immolation, Fed’s Malpractice, Changing World Order
Michael Hudson covers a wide range of topics, including the decline of Europe, the Fed’s mismanagement, the rise of new economic blocs
Read more...University of California Comes to a Standstill as Academic Workers Strike
Workers at 10 UC campuses struck after the university system failed to offer compensation commensurate to the cost of living in California.
Read more...Tom Ferguson: Worker’s Wages & Leverage are the Real Targets
Why did Corporate Democrats “cede” the economic argument? Are they really fighting inflation or trying to weaken workers’ bargaining power?
Read more...You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?
Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.
Read more...Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties
Another account of the extent of the private equity health care grifting, as well as some avenues to check these abuses.
Read more...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...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?
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