Utah aims to produce a model for Trump plan—an isolated “Accountability Campus” where commits will be reformed. Other states and localities are not far behind.

This entry was posted in Income disparity, Market inefficiencies, Moral hazard, Private equity, Privatization, Social policy, Social values, The destruction of the middle class on December 10, 2025 by Conor Gallagher.

How Corporate Democrats Made Trump Possible: A 10-Year Timeline

Yes, corporate Democrats did indeed grease the skids for Trump’s presidency, but the key misdeeds go back to Obama.

This entry was posted in Banana republic, Banking industry, Credit markets, Economic fundamentals, Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, Real estate, The destruction of the middle class on December 10, 2025 by Yves Smith.

Revulsion, La Grande Bouffe, and the Spectacle of Grotesque Elite Self and System Destruction

Why our elites, starting with the top ranks in the Trump Administration, are disgusting.

This entry was posted in Doomsday scenarios, Economic fundamentals, Europe, Free markets and their discontents, Income disparity, Politics, Russia, Social policy, Social values, Technology and innovation, The destruction of the middle class on December 8, 2025 by Yves Smith.

With UK Politics in Flux, Corbyn’s Your Party May Surprise You Yet

Last weekend, two very different Your Party conferences took place: the one reported on in the press, and the real one

This entry was posted in Guest Post, Income disparity, Politics, Social policy, The destruction of the middle class, UK on December 6, 2025 by Yves Smith.

The Anti-MAGA Economics of the Second Trump Administration

How Trump has defaulted on his MAGA promises.

This entry was posted in Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Technology and innovation, The destruction of the middle class on December 4, 2025 by Yves Smith.

How Wage Increases Became the Fed’s Red Line

How the Fed’s use of wages as a key inflation measure started as a war on labor and continues to operate that way.

This entry was posted in Dubious statistics, Economic fundamentals, Federal Reserve, Guest Post, Income disparity, Pandemic, Politics, The destruction of the middle class on December 4, 2025 by Yves Smith.

Trump Goes Full Biden, Insists No Inflation, Affordability a Con as Strained Consumers Know Better and Trump’s Polls Sink Further

Trump’s failing about, now on inflation and affordability, is becoming more desperate.

This entry was posted in Dubious statistics, Economic fundamentals, Globalization, Media watch, Politics, The destruction of the middle class on December 3, 2025 by Yves Smith.

Car Industry Woes Intensify as US Consumers Refuse to Eat the Dog Food, China Suffers from Overcapacity

The car industry is in a world of hurt, and that has significant economic and societal implications.

This entry was posted in Auto industry, China, Economic fundamentals, Energy markets, Europe, Globalization, Income disparity, Politics, Technology and innovation, The destruction of the middle class on December 1, 2025 by Yves Smith.

MAGA Antitrust Is Officially Dead: DOJ Sanctions Price Fixing With Slap on the Wrist Settlement Against Rental Housing Collusion Kingpin RealPage

Private-equity-owned RealPage can still lead national rental housing cartel as it moves to access renters’ financial data and embraces AI decision-making. The company is also suing New York state for violating its speech by attempting to stop its illegal behavior.