Category Archives: Income disparity

My Favorite Recession Indicator: The Next Recession Moves Further Out of Sight

There will be a recession, there’s always a recession eventually. But we’ll just have to keep watching for it.

Jobs Are Up, Wages Less So – and Lower Purchasing Power Could Still Lead the US into a Recession

Quelle surprise! Trends in wages indicate that the economy is less robust than the officialdom and financial press would have you believe.

Biden Administration Migrant-Friendly Southern Border Policy Creating Splits Among Democrats; NYC About to Eject 4,500 from Shelters

den”s “even more open borders” policy is generating resistance among some Democrats.

Imperialism: How the Struggle of Both Classes and Nations Creates Our World

How imperailasm has determined much of the structure of the international economy and that in turn affects domestic interests.

Hoisted from Comments: China’s Unsustainable, Unbalanced Growth Model and Its Current Economic Wobbles

Musings on the routes for China out of its economic problems and whether China will actually take them.

Technotage on the Rise? More Efforts to Stymie Job-Threatening, Sometimes Hazardous “Innovations”

Ant-technology action, or technotage, seems to be increasing. Is this a trend or just coincidence?

Testing Marx

The findings highlight the role of historical, institutional, and technological factors in shaping capitalist trajectories, suggesting that a one-size-fits-all approach may be insufficient.

Book Review: Two Critiques of America’s Ailing Health Care System

Two new books chronicle the shortcomings of the nation’s health care system, if you can call it that.

Medicare for All, Not Medicare Advantage

How Medicare Advantage plans raid taxpayer funds and routinely fail to deliver the care that patients expect and deserve.

Jonesing on Carbon

A reminder that the rich are grossly dispropirtionate carbon fuel users.

The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility

Stock buybacks, aka corporate financialization, as a mode of predatory value extraction

Fed Ponders How Quickly to Try to Inflict More Pain on the Economy to Get Inflation to 2%

Debates inside and outside the Fed as to what it should do next about inflation pick up as its annual Jackson Hole conference approaches.

Stigler Center/ProMarket Hypocrisy: Published, Then Removed Post That Justified Anti-Trust; Bogus Excuses Demonstrate University of Chicago Failed Econowashing of Hard Core Neoclassical Stance

ProMarket and the Consumer Welfare Standard: Output increase is not sufficient to increase welfare. Allocation, aka distribution, matters.

A Peek at Big Pharma’s Playbook That Leaves Many Americans Unable to Afford Their Drugs

The Biden Adminstration has implemented some modest curbs on drug prices. Big Pharma is fighting a rearguard action in court.