Category Archives: The destruction of the middle class

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.

Fears Over Cost of Living ‘Solutions’ Proposed by Truss-Backed Think Tanks

Liz Truss looks set to shaft ordinary Britons when the UK is already reeling from a cost of living crisis.

The Hope of What Was Once Called a Decent Living Has Departed for the Average Household

The UK is a serious and worsening cost of living crisis that’s impoverishing the former middle class. What will the political fallout be?

Companies Are Paying Inflation Busting Dividends at Cost to the Rest of the Economy, Including Their Employees

How companies are paying dividends rather than investing in their business or paying employees better……and often borrow to do so.

Economists Fear Fed Minutes Show Central Bank Bent on ‘Unleashing Mass Unemployment’

The Fed confirms its true colors of being in the business of disciplining labor, whether it makes sense of not.

Energy Workers to Stage More Protests as Companies Raise Bills but Not Pay

Employees at Drax, Grangemouth and other energy sites will walk out every fortnight as firms rake in huge profits.