Rentier Capitalism: Great for Stocks, Lousy for Growth
An oddly neglected paper gives an idea of how much rentier capitalism has distorted the US economy.
Read more...Category Archives: The destruction of the middle class
Corporate Counter-Mobilization: Uber and Deliveroo’s ‘Charter of Good Work’ Is Nothing but Fairwashing
Uber and other gig economy employers: “Let them eat a charter.”
Read more...Student Enrollment Dropped 11% Since 2011, Student-Loan Balances Surged 74%. Why?
Drilling into why the student loan problem keeps getting worse.
Read more...Secular Stagnation: Demand Is Indeed the Culprit
Economists’ bad medicine is a significant factor in our present stagnation.
Read more...Michael Hudson on the History of Debt Cancellation, Austerity in Europe, January 2020
Michael Husdon reviews the key themes of his recent book, ……and Forgive Them Their Debts, and discusses German austerity.
Read more...A New Type of Conflict: France’s Ongoing Struggle for Pensions
The French strike over pensions has gone on longer than any other, even in 1968, has 60% support….yet the press barely covers it.
Read more...Desperation Hidden in Plain Sight: Coastal Edition
Reports of desperation from what some might consider unlikely quarters: the Pacific Northwest.
Read more...“A Who’s-Who” of People Against Progressives’ Agenda: DNC’s Perez Under Fire for Convention Committee Picks
The knives are out. Typical pick: Former Congressman Barney Frank, who wrote an op-ed entitled “Why Progressives Shouldn’t Support Bernie.”
Read more...Dark Satanic Mills Are Not Just a Historical Artifact: MP Castigates Leicester Fast Fashion Factories
North West Leicesteshirer MP Andrew Bridgen demands answer on contemporary working conditions at local fast fashion factories.
Read more...War on Cash: New York City Businesses Must Accept Cash, City Council Decides
New York City Council passes legislation requiring businesses to accept cash to take effect nine months after signing by mayor Bill DiBlasio.
Read more...Precarity: A Political Problem
‘Free market’ advocates claim that the rise of precarity was inevitable, as opposed to the result of political decisions.
Read more...The Lords and Ladies of Discipline: An Interview with Matt Stoller
Matt Stoller explains how economics reinforces established power relations.
Read more...Will Italy’s ‘Sardines’ Be Effective in the Upcoming Regional Election?
Will the populist Sardines shake up the Italian fake left, or will they just be a flash (mob) in the pan?
Read more...Homeless Californians Adapt to Camp Sweeps and ‘The Caltrans Shuffle’
A vignette from a homeless encampment.
Read more...‘Make No Mistake: Harvard Has the Money to Pay Us Livable Wages’
Harvard graduate students are on strike demanding fairer wages, adequate healthcare, and protections from discrimination.
Read more...