‘The Greed of UnitedHealth Is Killing Americans’: Progressives Hit Back as Insurance CEO Bashes Medicare for All
The health care industry’s first salvo against Medicare for All did not go well.
Read more...Category Archives: The destruction of the middle class
A Veblen Moment: Thorstein Veblen’s Lessons from the First Gilded Age Even More Relevant Today
Veblen was early and accurate about the behaviors and dangers of the super rich. Tthe advanced world is re-living his warnings.
Read more...Sacramento Teacher Strike Is a Warning to #RedForEd Movement Everywhere
Sacramento teachers are threatening to strike after the district plans to renege on an agreement it signed in December 2017.
Read more...The Return of la Marine
Today, the divide from which Marine Le Pen profits has reached alarming proportions, most recently with the eruption of the revolt of the gilets jaunes.
Read more...Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”
Bill Black uses Tom Friedman’s recognition just this week that Brexit is a mess as the foundation of a detailed takedown of Friedman’s propaganda, um, views.
Read more...New York Sues Big Pharma for Opioid Crisis
The Sackler family and PurduePharma profited from opioid-related “suffering and death,” NYC AG Letitia James charges. White collar criminologist and law professor Bill Black weighs in.
Read more...3 Questions That ‘Created Havoc’ in Betsy DeVos’ Department of Education
Betty DeVos has trouble answering questions on charter school fraud. Quelle surprise!
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)
How mainstream economics ignores the lessons from antiquity on the destructiveness of oligachies, and how early industrialists and business schools promoted anti-rentier, socialit policies.
Read more...As GOP Deploys ‘Nuclear Option’, New Reports Detail Damage Done By Trump’s Far-Right Takeover of Judiciary
In just under two years on the bench, Trump’s narrow-minded elitist judges have already harmed workers, consumers, voters, immigrants, reproductive rights, and many more.
Read more...Money Talks, Big Time: 1% Politics and the Scandals of A New Gilded Age
A social order where the power of money plays an outsized role looks illegitiamate, particularly when citizens have been sold the myth of meritocracy.
Read more...Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
Read more...Profile of a Scam: How Rick Singer Built a College Entrance Cheating Machine
An important Wall Street Journal story digs into how Rick Singer created his college entrance cheating empire.
Read more...Work of the Past, Work of the Future
How the change in the nature of work has helped increase income inequality.
Read more...Brexit Delay Will Not Postpone Deglobalisation
The world economy has experienced deglobasation phases before. How this one differs from its predecessors.
Read more...The #MMT Case for Progressive Taxes
MMT advocate typically shy away from calling for progressive taxes. A case as to why that’s a lost opportunity.
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