Global Poverty Grows as Super-Rich Get Richer Faster
Oxfam gives an update on the ever-widening gap between our money overlords and the poor, and how their enrichment is increasing poverty.
Read more...Category Archives: Free markets and their discontents
On the Distortions and Distractions of the Democratic National Circus
A well-targeted rant about the offensive shallowness and neglect of concrete material needs of voters that the Democratic Party now embodies.
Read more...Michael Hudson: Forgiveness, Foreclosure, & Christianity
Michael Hudson reprises a favorite theme of how the salutary practice of debt forgiveness came to an end under Greco-Roman oligarchs
Read more...Beyond Leviathan: What Is the State & the Challenge To Transcend It?
István Mészáros’ “Beyond Leviathan” described origins of the state, its evolution, the need to move beyond it and how to meet that challenge
Read more...Kamala’s Failed Opportunity
In her DNC speech, Kamala Harris embraced Republican language on the economy. So how deep does her purported progressivism run?
Read more...The Death of the Engineer CEO: Evidence that Short-Termism and Financialization Had Become Ascendant
A look at how some turning points in the history of Corporate America, such as CEO changes of guard, explain how America hollowed itself out.
Read more...Tyson Foods Is Being Investigated by the USDA
Investigation follows Tyson Foods’ recent closure of nine meatpacking plants across the country, allegations not only violated an agreement to sell the plants to a competitor but conspired to suppress that competition.
Read more...Reflections on the War on Work as a War on Workers
Recalling what good union jobs once meant for workers and communities and describing some damage done by the war on labor
Read more...Capitalism, Mass Anger, and 2024 Elections
More and more, officials are using anger as an excuse of censorship and arrests. Is capitalism the root? And is there actually “mass anger”?
Read more...Lina Khan’s FTC Gears Up to Go After Algorithmic Black Boxes Governing Workers’ Lives, but It Might Be Running Out of Time
A closer look at “algorithmic wage discrimination” used at gig companies (and increasingly across all industries), one potential tool to stop it, and how the FTC is zeroing in on the practice.
Read more...Forty Percent of Biden IRA Manufacturing Projects Behind Schedule or Paused
A new study by the Financial Times on the early results from Biden Administration IRA spending raises as many questions as it answers.
Read more...‘Corporate Greed Is Out of Control’: Warren Slams Kroger’s AI Pricing Scheme
If you have shopped at Kroger, please consider boycotting them over them over their surge pricing grifting plans.
Read more...The Irrationality of Markets
More evidence that the current level of advanced economy secondary market trading is bad for economic health.
Read more...Despite the Recession-Emergency-Rate-Cut Buffoonery, the Services Sector Expands Strongly on Growth in New Orders & Employment. Inflation Pressures Still On
Services are two-thirds of the economy; as long as they’re firm, the economy will plug along just fine, even as manufacturing stalled
Read more...Hoisted from Comments: Is Intel Going Down the Boeing Path?
Why Intel’s prospects are even worse than its stock price plunge and worried press accounts suggest.
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