Category Archives: The destruction of the middle class

Scoring the $1.9 Trillion Stimulus Plan and Earlier Covid Relief Programs

How to do a better job of getting relief to those who need it.

Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth

Why it’s time for a widespread debt writedown.

Yanis Varoufakis: Draghi’s Outrageous Deployment of McKinsey, Europe’s Predicament, DiEM25’s Proposals

Yanis Varoufakis decries how McKinsey is undermining democracy in a putative first world country, a big step up from South Africa and Saudi Arabia.

The Long Term Damage of Economic Downturns

As the well off sail on, either unaffected by or profiting from Covid’s impact, for many, the economic damage is severe and lasting.

Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses

A Biden rescue of the sickest private pension plans goes largely under the radar.

Sports Desk: DoJ Files Amicus Brief in Support of College Athletes, While Congress Mulls Giving Them Rights to Their Names, Images, and Likenesses

Both the DoJ and Congress apparently side with college athletes over the NCAA in on antitrust and property issues.

Why the U.S. Manufacturing Renaissance Is Essential for U.S. Survival

Maintaining and reviving manufacturing capacity in key insutries is vital to preserving jobs and ensuring U.S. survival.

‘We Must Deliver on This Issue’: Jayapal Vows to Fight for $15 Minimum Wage

The Congressional Progressive Caucus chair said that despite the Senate failing to include the wage boost in the relief bill, the fight for $15 must go on.

Waste Watch: Europeans Get Right to Repair for Some Consumer Electrical Goods, While John Deere Reneges on Promise to U.S. Farmers to Make Diagnostic Software Freely Available

On March 1, the EU implemented a right to repair for some consumer electrical goods; which U.S. state will wake up and do the same?

Bad Stimulus: Government Payments to Individuals Are a Terrible Way to Solve America’s Structural Economic Problems

Why the Biden stimulus program is fundamentally wrongheaded.

A Big Fiscal Push is Urgent, The Risk of Overheating Is Small

The $1.9 trillion fiscal stimulus should be large because the need is large.

“I’m Sorry,” Says Ro Khanna, “An Unelected Parliamentarian Does Not Get to Deprive 32 Million Americans the Wage Raise They Deserve.”

The Biden Administration proves it cares only about the donor classes by standing pat as its own $15 minimum wage proposal founders.