“Build Back Better” Needs an Agenda for Upward Mobility
Why Biden’s “Build Back Better” could make a big difference for what was once the American middle class….charitably assuming he meant it.
Read more...Category Archives: The destruction of the middle class
Michael Hudson: Looking Forward to 2021
Micheal Hudson gives a sobering 2021 forecast.
Read more...2021 Will Be Volatile
Richard Murphy’s 2021 forecast.
Read more...A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar
An in-depth discussion of financial capitalism versus earlier models and the Chinese and Russian approach, with a focus on the role of rent.
Read more...Polarization, Then a Crash: Michael Hudson on the Rentier Economy
Michael Hudson discusses the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.
Read more...DoJ Launches Nationwide Lawsuit Against Walmart for Opioids Violations
Feds file civil charges against Walmart for opioids violations – eschewing criminal corporate charges even for obvious drug pushing.
Read more...Larry Summers’ Opposition to $2000 Covid Payments Confirms Our Classic: “Why Larry Summers Should Not Be Permitted to Run Anything More Important than a Dog Pound”
Larry Summers is at it again.
Read more...Explaining Fiscal Multipliers, a Stealthy but Important Budget Battleground (Part 1)
Fiscal multipliers, an economic concept often misused to justify austerity, is rearing its head in Beltway budget debates. Time to bone up.
Read more...Why Are Shootings Up in New York City? We Asked Four People on the Front Lines
“Becaue Covid” may not fully explain the rise in shootings in New York and other big cities.
Read more...Who Loses Out From Covid-Induced Changes in Buying Patterns?
Why for some sectors of the economy, life after Covid may never be the same.
Read more...Antitrust Spring
Regulators and officials are dusting off antitrust rule books to go after tech monopolists.
Read more...Why We Need to Adopt Friedrich Engels’ Thinking on Science in These Times
Friedrich Engels work on working class included describing how capitalists would not contrain their environmental damage.
Read more...Do Billionaires Destroy Democracy and Capitalism?
The US can draw on its Gilded Age to bring its billionaires to heel.
Read more...Study of 50 Years of Tax Cuts For Rich Confirms ‘Trickle Down’ Theory Is an Absolute Sham
Another nail in the trickle down economics coffin. Too bad that vampire-like, it keeps coming back.
Read more...Americans’ Hunger During the Coronavirus Pandemic – Here’s What’s Happening in Los Angeles County
More and more Americans are suffering from hunger due to Covid economic stress, as Los Angeles demonstrates.
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