Global South Stagnating Under Heavier Debt Burden
Much higher interest rates – due to Western central banks – damage developing nations via prolonged debt distress and stagnation.
Read more...Category Archives: Income disparity
Michael Hudson: Marxism, Economic Parasites, and Debt Cancellation
Michael Hudson in a bracing talk, including history of crises, the role of debt, and how ancient Greek and Roman law promoted inequality
Read more...Gendering the Predator State
Some new wrinkles on who wins and loses in James Galbraith’s Predator State.
Read more...Restaurants: Canaries in the Coal Mine of the Covid Labor Reset?
Independent restaurants are in a world of hurt due to labor cost increases. Yet oddly no one seems willing to cite Long Covid as a contributor.
Read more...The Reality of Bidenomics: How Good Was Biden for the Economy?
A thorough takedown of the aggressively-sold falsehood that economic performance under Biden is good but the poors are too stupid to get it.
Read more...“Growing Inflation Pains: How Democrats Must Go on Offense on the Economy”
Corporate greedflation is squeezing household budgets and distorting the economy. But is tacit support for it really a one-party affair?
Read more...Can Baby Bonds Fight the Wealth Gap and Racial Inequality? Connecticut Aims to Find Out.
Connecticut is the first state to enact and fund a baby bonds program. Can it make a difference?
Read more...The Government’s Deliberate Policy of Prejudicing the Poorest in Our Society Is Imposing Destitution on Millions
UK and US policy are mean to the poor, even though that stinginess costs all of us.
Read more...War Is Bad for You — And the Economy
How war spending serves as a cover for the distribution of pork at the expense of American needs.
Read more...The Rich Versus Poor Country Stakes at the WTO’s 13th Ministerial Conference This Month in Abu Dhabi
The upcoming WTO is likely to see a power struggle between its traditional advanced economy leaders and the so-called Global Majority.
Read more...Identity and the Professional Managerial Class
Largely a tribute to Barbara Ehrenreich’s work over time on the Professional Managerial Class.
Read more...New York City Survey: Unsheltered Migrants Increased Homeless Population by 25%
Some data from New York City shows how the marked increase in new migrants is stressing services and not good for the migrants either.
Read more...Michael Hudson: Higher Education Crapification – The New School Case Study
How the education part of higher education has become an afterthought.
Read more...‘Fourth Wave’ of Opioid Epidemic Crashes Ashore, Propelled by Fentanyl and Meth
Opioid abuse marches on relentlessly, with little attention to the broader social stresses that make the US such an outlier on this front.
Read more...Dead Smoke Alarms, Moldy Rooms, Empty First Aid Kits: Farmworkers Endure Unsafe and Substandard Housing Across US
US agriculture workers are in desperate need of labor action as the employers (and regulators) do next to nothing to ensure safe working and living conditions.
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