We Deserve Medicare for All, But What We Get Is Medicare for Wall Street
An overview of health care, particularly Medicare, rentierism, with private equity playing a starring role.
Read more...Category Archives: Income disparity
American Household Debt: A Reappraisal
An attempt to correct the “blame the poors” approach to the reality and systemic risk posed by debt among lower-income borrowers.
Read more...Rarely in the Field of Human Endeavour Has One Rather Small Profession Caused So Much Harm to Humankind as Neoclassical Economists Do Now
Not enough bad can be said about neoclassical economics. The focus today is inflation policy.
Read more...From the Great Divergence to South-South Divergence
A discussion of the need to replace the Great Divergence framework illustrates how economists often cling to outdated ideas.
Read more...Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)
Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.
Read more...Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt
Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.
Read more...India’s Russian Oil Imports Helped Prevent A Global Polycrisis
India makes a bold claim about spillover benefits from having ignored Western sanctions on Russian oil.
Read more...Book Review: Sally Denton and Roger Morris, “The Money and the Power”
Examining the moments and people that helped fuse the US state, economy, and organized crime into one indistinguishable entity.
Read more...Migrants Are Begging in Brooklyn Neighborhoods That Voted for Trump, Sparking Hostility and Help
Nextdoor and Facebook groups present anecdotes and photos from Marine Park of encounters with migrants from a nearby shelter complex. Others are providing aid.
Read more...World Bank Enables Private Capture of Profits, Public Resources
The World Bank insists on private finance or economic recovery but does little to ensure profit-hungry commercial finance serves the public
Read more...Is Neoliberalism Really Dead? Or Does It Live on Like a Zombie?
Neoliberalism is still doing a fine job of zombifying economies, but the doctrine sadly is in rude health.
Read more...Yanis Varoufakis: Europe’s 15-Year Slump
The survival of the euro has come at the cost of Europe’s permanent stagnation and continuing fragmentation
Read more...Rich Nations, IMF Deepen World Stagnation
With the Fed raising interest rates, IMF surcharges worsen debt distress in the global South, increasing poverty worldwide.
Read more...Why Does Germany Continue to Self-Destruct?
German elites run up the tab, but the country’s working class is largely stuck with the bill. An attempt to understand why Germany cannot or will not reverse course.
Read more...Tips Tricks Dampen Delivery Worker Celebration of New $18-an-Hour Wage
Delivery platforms DoorDash and UberEats immediately retaliated against a NYC-madated wage increase by redoing their apps to undermine tips.
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