Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us
Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.
Read more...Category Archives: The destruction of the middle class
Schadenfraude Alert: Airbnb Mini-Moguls in Meltdown as Bookings Collapse
Once fat and happy Airbnb landlords are now in a world of hurt.
Read more...‘No Consequences for Negligence That Kills’: McConnell Wants Corporate Immunity From Covid-19 Lawsuits
Not content with pursuing pro-business judicial nominations alone, Mitch McConnell seeks to circumscribe corporate COVID-19 legal liability.
Read more...In a Slap in the Face to Progressives, Biden Appoints Larry Summers, a “Literal Architect of Neoliberalism,” to Economic Advisory Role
If you need proof that Biden doesn’t give a damn about oridinary people, his bringing Larry Summers in from political exile should convince you.
Read more...Max Blumenthal and Ben Norton With Michael Hudson: US Coronavirus “Bailout” Is a $6 Trillion Scam
Michael Hudson explians why the coronavirus bailouts are even more of a gimmie to the rich than they look.
Read more...Become a Manufacturing Powerhouse in 2020—An Economic Recipe for Our Times
On bringing manufacturing back home.
Read more...Mitch McConnell to State Pension Funds: Drop Dead
Prominent Republicans are threatening to gore the public pension fund ox.
Read more...Trump Tweet: Will Issue Executive Order Temporarily Suspending All Immigration into the United States
Last night Trump tweeted his intention to issue an executive order temporarily suspending all legal immigration into the United States.
Read more...Replacing Workers Has Many Costs
Companies remains short-sighted about the cost of ditching workers.
Read more...‘Incrementalism Is Not Helpful in This Moment’: Ocasio-Cortez Rejects Settling for Crumbs in Next Covid-19 Stimulus
Alexandria Ocasio-Cortez says the U.S. cannot afford another incremental stmulus bill that shovels massive bailouts to big businesses alone.
Read more...How COVID-19 Showed America’s Dependence on Blue-Collar Workers
The outbreak of “hero” talk is a long-overdue admission that blue-collar workers are the backbone of the US economy. Time to pay them more.
Read more...#DemExit Now: How the Democratic Party Cheated Bernie Sanders Out of the Nomination
How the Dems played dirty with Sanders.
Read more...Is There Any Better Time Than Now For a General Strike?
May Day is around the corner. It seems a fitting time for workers to demand better via a general strike.
Read more...Lockdown Rebelliousness: Denying that Coronavirus Is in Charge
The supposed irresistable force of the economy is losing out to the immovable object of the coronavirus.
Read more...The New Fault Lines in a Post-Globalized World
Coronavirus is smashing up the economic and political order. What sort of world comes next?
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