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...Category Archives: The destruction of the middle class
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.
Read more...Meet the Grinch Stealing Social Security, the Future of Gen Y And Z
ow Social Security is a victim of wage stagflation.
Read more...Bloomberg Describes Europe’s Severe and Sustained Energy Crisis Due to Loss of Russian Gas
Bloomberg is countering the prevaiing cheery narrative that Europe can muddle through its ongoing energy crunch.
Read more...The Political Disruptions of Fiscal Austerity
Confirmation that austerity is bad for political stabiity because ordinary citizens don’t take well to their governments treating them badly.
Read more...The Political Economy of Effective Altruism
How the effective altruism discourages collective action….by design.
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Read more...Needed Global Financial Reforms Foregone Yet Again
The pathologies that produced the financial crisis are still circulating.
Read more...New York Times Strike: From Reporters to Rabble-Rousers
Workers at the New York Times stopped working to demand better pay and labor rights—but only for a day. What if they flexed their power?
Read more...“Jobs Are Up! Wages Are Up! So Why Am I as an Economist so Gloomy?”
Since the Fed can’t get more workers into the workplace but thinks it’s in charge of inflation, it will kill jobs with rate hikes.
Read more...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...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
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