The Great Railroad Strike of 2022 Averted (So Far) After Biden Intervenes
Will railroads have a long, hot summer?
Read more...Category Archives: Income disparity
Dollar Diplomacy: Michael Hudson and Steve Keen on Real Progressives
A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.
Read more...Happy Bastille Day: Some Musings on Recent Events in Sri Lanka
Reflections on Bastille Day 2022: Last Saturday, Sri Lankans stormed their presidential palace, causing President Gotabaya Rajapaksa to flee to the Maldives.
Read more...Wage Stagnation and Productivity: Challenging the Conventional Analysis
Stagnating real wages may have contributed to the slowdown of US productivity.
Read more...Michael Hudson: The End of Western Civilization – Why It Lacks Resilience, and What Will Take Its Place
How neolibearlism and idealization of markets is the latest chapter in the West’s destructive drift towards rule by oligarchs and rentiers.
Read more...Financial Crises as Drivers of Populism: A New Channel
Financial crises hurt the middle class, reducing their support for the status quo in favor of insurgent, aka populist, candidates.
Read more...How Organized Labor Leads the Fight for Safer Workplaces
Workers forming unions at Amazon and Starbucks want better wages and benefits and other labor protections union workers enjoy every day.
Read more...Rishi Sunak Could Become PM. Here’s What He Doesn’t Want You to Know
From offshore dealings to right-wing think tanks, a guide to Rishi Sunak, the man who could become the UK’s richest PM
Read more...Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Welfare Can Discourage Crime More Than It Discourages Work
Who’d have thunk it? Income support, such as welfare, reduces crime.
Read more...Wealth of Two Nations: The US Racial Wealth Gap, 1860-2020
Severe racial differences in initial conditions after Emancipation have contributed greatly to today’s stalled progress in closing the racial wealth gap.
Read more...Readers to the Rescue: Help With Betty-Jo’s Post-Cancer Liver Treatments So She Doesn’t Have to Live in Her Car
Betty-Jo, who was my deceased mother’s best aide, has been run over by our predatory, for-profit medical system. Please help!
Read more...Michael Hudson: A Depression Is Coming
Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
Read more...The Fed Tackles Kalecki
A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment
Read more...Climate Hypocrisy Ensures Global Warming
Facts and figures on advanced economy climate negligence.
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