Michael Hudson: The Coming Savings Writedowns
Michael Hudson’s latest: Debts that can’t be paid, won’t be. When debts can’t be paid and debtors default, what happens to these creditors?
Read more...Category Archives: The destruction of the middle class
As Risky Finances Alienate Investors, Fracking Companies Look to Retirement Funds for Cash
Latest DeSmogBlog coverage of fracking follies: the still unprofitable industry turns to pension funds and private equity for capital.
Read more...Nobel Economist Angus Deaton: Inequality is Destroying Democratic Capitalism
Angus Deaton argues that the present level of inequality is a threat to “democratic capitalism” but contends that historically, even more severe inequality has been reversed.
Read more...The Politics of CEOs
Quelle surprise! CEOs back parties with an eye to increasing their own power.
Read more...Robert O. Paxton’s “The Five Stages of Fascism”
Extracts from the work of Robert O. Paxton, with an assessment of the stage our political system has arrived at under the Trump administration.
Read more...Syriza, R.I.P.
The rule of the “radical left” Greek party Syriza came to an end earlier this month after it had abandoned its promise of reform.
Read more...Willing to Pay for Security: Gig Workers, Freelancers, and the Self-Employed Want Steady Jobs
Quelle surprise! Workers want a steady paycheck.
Read more...Is There a Global Future for Unions?
A personal retrospective on the forces driving the rise and decline (and hopeful revival) of unions.
Read more...Michael Hudson: De-Dollarizing the American Financial Empire
Michael Hudson on how the US was able to turn its change from creditor to debtor to its advantage.
Read more...A Way Out from Rock Bottom: Economic Policies Can Reduce Deaths of Despair
Looking at how specific income-boosting policies reduce deaths.
Read more...It Is Time To Start Forgiving Student Loans – And Here Is What It Will Cost
A far-ranging plan for cleaning up the student loan mess.
Read more...Martin Wolf v. Trumponomics Whiffs Due to Fealty to Orthodoxy
The Financial Times’ Martin Wolf has a go at Donald Trump, but manages to score an own goal as far as his profession is concerned.
Read more...Mobility and the Desire for Sovereignity in Europe
Lack of geographic mobiliity is a major culprit in the rise of nationalism.
Read more...Charter Schools Unleashed “Educational Hunger Games” in California. Now It’s Fighting Back.
Andrea Gabor, author of “After the Education Wars,” discusses how California is pushing back on millionaire-driven charter schools. Will the rest of the America follow?
Read more...Takers and Makers: Who Are the Real Value Creators?
Why stories from “value creators” should be taken with a fistful of salt.
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