We Deserve Medicare for All, But What We Get Is Medicare for Wall Street
An overview of health care, particularly Medicare, rentierism, with private equity playing a starring role.
Read more...Category Archives: The destruction of the middle class
American Household Debt: A Reappraisal
An attempt to correct the “blame the poors” approach to the reality and systemic risk posed by debt among lower-income borrowers.
Read more...Rarely in the Field of Human Endeavour Has One Rather Small Profession Caused So Much Harm to Humankind as Neoclassical Economists Do Now
Not enough bad can be said about neoclassical economics. The focus today is inflation policy.
Read more...Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt
Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.
Read more...Book Review: Sally Denton and Roger Morris, “The Money and the Power”
Examining the moments and people that helped fuse the US state, economy, and organized crime into one indistinguishable entity.
Read more...Migrants Are Begging in Brooklyn Neighborhoods That Voted for Trump, Sparking Hostility and Help
Nextdoor and Facebook groups present anecdotes and photos from Marine Park of encounters with migrants from a nearby shelter complex. Others are providing aid.
Read more...Is Neoliberalism Really Dead? Or Does It Live on Like a Zombie?
Neoliberalism is still doing a fine job of zombifying economies, but the doctrine sadly is in rude health.
Read more...Yanis Varoufakis: Europe’s 15-Year Slump
The survival of the euro has come at the cost of Europe’s permanent stagnation and continuing fragmentation
Read more...Why Does Germany Continue to Self-Destruct?
German elites run up the tab, but the country’s working class is largely stuck with the bill. An attempt to understand why Germany cannot or will not reverse course.
Read more...Tips Tricks Dampen Delivery Worker Celebration of New $18-an-Hour Wage
Delivery platforms DoorDash and UberEats immediately retaliated against a NYC-madated wage increase by redoing their apps to undermine tips.
Read more...The Debate Over Restricting Immigration
The Republicans look serious about restricting immigration or at least rolling back recent Biden moves. But are there any sound approaches?
Read more...Why True Democratic Systems Are Incompatible with Class-Based Orders…..Like Capitalism
Continuing the debate on whether democracy is viable in a capitalist regime.
Read more...Elections Won’t Fix What Ails the West
e body politic in the West is not at all healthy. Why is there so much denial about that?
Read more...NATO/West or Global Majority? Unipolar Destruction or Multipolar Development? The World Must Choose
Yves here. While there is a lot of merit in the latest discussion between Radhika Desai and Micheal Hudson on their favorite topic of mutlipolarity, I feel compelled to correct some imprecisions. The video depicts the “German government” as having “raised” the debt brake but then “not being allowed” with no depiction of agency, to […]
Read more...New Technologies to Get Around Old Laws: Algorithms Being Used to Evade Antitrust Rules, Fix Prices and Worse
Is organizing a price-fixing cartel still illegal if an algorithm tells you to do it?
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