Category Archives: The destruction of the middle class

How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis

Why the expected official response to this bank panic wil make matters much worse, just not right away.

Medicare Advantage Uses Algorithms to Block Care for Seniors

How AI is institutionalizing Medicare Adantage fraud, to the degree that appeals of denials often outrun the patient’s life.

Why is America So Anti-City? It Holds Back the Entire Country

oth parties are exacerbating the city/country split. How different are their interests?

The High and Getting Higher Cost of Renting in the US

Why renting is even more expensive than ever, even pinching the soi-disant middle class.

Michael Hudson Talks to Ben Norton About SVB and Bank Failures

Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies

SVB and the Only Choice We Have

How the SVB bailout confirms the dedication of the elites to self interest only.

US Officials Make Non-Bailout Bailout of Silicon Valley and Signature Bank and Continue Class Warfare

An over-zealous Fed pushed a few banks, including the big and super connected Silicon Valley Bank, over the edge. A bailout was a given.

How Does JK Galbraith’s The New Industrial State Hold Up After 6 Decades?

How John Galbraith correctly called many developments that have had great political and economic significance, like the decline of unions

Why Student Debt Cancellation Is Reasonable, Not Radical

Discuss: “The right has narrowed the parameters of discussion on student debt forgiveness. Biden is not fighting back aggressively enough.”

Rail Workers Warn Safety Bill Loopholes Are Big Enough to ‘Run a Freight Train Through’

Post East Palentine rail safety reform proposals are embarrassingly unserious.

The Fiscal Side of Europe’s Energy Crisis: The Facts, Problems and Prospects

A deep dive into the costs and impact of the recent, large-scale European energy subsidies.

Salve Lucrum: The Existential Threat of Greed in US Health Care

A big reason US health sucks is that the government refuses to crack down on abuses like price gouging and billing games.