Imperialism Then and Now: Capital Relocation, Inequality, Encroachment and Protracted Crisis
On how imperialism enabled exploitation of labor in the global South, and then pressure on worker wages in advanced economies.
Read more...Category Archives: The destruction of the middle class
Could California End Up With a Trump-Like Governor?
How much should Californians worry that Larry Elder, a politically inexperienced, hard core right winger, might become governor?
Read more...Imperialism Then and Now: Drain of Wealth, Depression, The Role of the State and Globalization
Yves here. This is the second section of the GPENewdoc historical series on imperialism and capitalism. You can find Part 1 here. By Lynn Fries. Originally published at GPENewsdocs Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the […]
Read more...Imperialism Then and Now: Wealth, Unemployment and Insufficient Demand
Prabhat Patnaik on imperialism and capitalism: to accumulate wealth, somewhere demand must be suppressed to provide cheap inputs.
Read more...50th Anniversary of Powell Memorandum: Neoliberalism Has Wrecked Its Hosts
Commemorating a desructive anniversary, that of the Powell memo that set forth how big business would wage war against ordinary citizens.
Read more...Conspiracy Theories Aside, There Is Something Fishy About the Great Reset
The Great Reset is a planned corporate takeover of global governance that affects our food, our data and our vaccines.
Read more...Is Higher Education a Pyramid Scheme?
Labor exploitation, higher education edition.
Read more...Michael M. Thomas, R.I.P
I am very much saddened by the death of Michael M. Thomas, from old money and high finance, and vocally unimpressed by them.
Read more...Why Economists Don’t Write More Papers on Political Finance
Despite the commonly held views of economists on regulatory capture, our profession has been much more hesitant in recognising similar conflicts of interests that may exist in economics research.
Read more...Close to 50% of US Workers Can’t Afford to Rent One Bedroom Housing
An update on the already desperate and worsening state of the market for renters in the US.
Read more...Why Elon Musk Isn’t Superman
Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business.
Read more...More Hospitals Nearing Breaking Point as Covid Spikes; Skrimping on Nurses’ Pay Made Bad Situation Worse
Nurses get a lot of lip service, but not enough pay or respect, and that contrasted with Covid risks has led to many quitting.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty-Seven: Despite Staggering Losses, the Uber Propaganda Train Keeps Rolling
How Uber keeps pumping hot air into a financially flaccid business.
Read more...Globalization, Specialization, and the Division of Labour
A new angle on why workers lose out as globalization increases.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty-Six: With No Hope of Real Profits, Uber and Lyft Double Down on Fake Profit Metrics
Uber continues to hemorrhage cash and rack up impressive negative operating margins, yet the press eats up its accounting misdirection.
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