Political Scientist Tom Ferguson on Big Money and Social Conflicts in the Covid-19 Era
An incisive take from the no-holds-barred Tom Ferguson.
Read more...Category Archives: The destruction of the middle class
Michael Hudson: Debt, Liberty and “Acts of God”
How ancient societies forgave debt that became unpayable due to circumstances outside the borrower’s control.
Read more...Food Security: Prince Charles Calls for Furloughed Workers to Pick Berries; My Thoughts as a Former Tomato Picker
Some thoughts from a former tomato picker – moi – on the call from Prince Charles for furloughed workers to help with the food harvest in Britain.
Read more...Bernie Sanders Says It Is ‘Nauseating’ to See Corporations Praise Frontline Workers as ‘Heroes’ While Refusing to Pay Them More
Whatever you may think of Bernie Sanders suspending his presidential campaign, his criticism of corporations who laud workers as heroes while refusing to pay them is spot on.
Read more...Wolf Richter: Week 9 of the Collapse of the U.S. Labor Market: Still Getting Worse at a Gut-Wrenching Pace
Thursday’s unemployment numbers show that the U.S. unemployment numbers have not yet bottomed out – and that instead, the problem is worsening at a gut-wrenching pace.
Read more...Department of Justice, State AGs to Target Google for Antitrust Violations, WSJ Reports
WSJ reports the DOJ and various state attorneys general will soon file antitrust lawsuits against Google, but is short on legal details.
Read more...The Economics and Politics of Social Democracy: A Reconsideration
The inescapable dilemma facing social democracy
Read more...Trump CFPB Appointees Use COVID-19 Crisis as Rationale to Weaken Consumer Protection
Trump appointees use the COVID-19 crisis to rollback consumer protections against financial predation put in place by the CFPB.
Read more...Reopening Isn’t Reopening—It’s Cutting Off Unemployment
In case you wondered why conservative states are all gung ho about reopening….
Read more...The Wealth Effects of Bailouts: A Quantitative Assessment
Once again, income earned by the many is used to save the wealth of the few.
Read more...A Way To Make COVID-19 College Furloughs More Fair
Looking at how to cope with the college and university funding crisis.
Read more...Coronavirus To Decimate Colleges and Universities
US universities are facing a world of hurt.
Read more...Waiting for “Rooseveltian Relief”: An Oversimplified Framework for the Employment Situation
“Nothing fundamental will change.” –Joe Biden
Read more...Tom Ferguson: Big Business Takes Cash as Workers Laid Off, States and Cities Go Bust
Tom Ferguson and Paul Jay discuss how Democrats and Republicans distaste for accountability by finance and big corporations is playing out in the coronacrisis
Read more...Mass Unemployment Is a Failure of Capitalism
Why unemployment is a feature of capitalism.
Read more...