More and More Young People Disengaged from Work and Social Contact
Unemployment among young graduates has hit a sustained high level in many countries, which will produce further social and economic harm.
Read more...Category Archives: The destruction of the middle class
Paying for Euroskepticism
A new data analysis shows that Euroskepticism, as in regional voting for nationalist/anti-European Union policies, produces lower growth.
Read more...Has Ed Zitron Found the Fatal Flaw with OpenAI and Its Flagship ChatGPT?
The Financial Times has re-reported cautious but devastating-looking findings by Ed Zitron on OpenAI’s inference costs and truthfulness.
Read more...Tom Ferguson and Nick French: Red Tech’s Political Power, Its War on Labor and the Environment
An in-depth talk between political scientist Tom Ferguson and Jacobin’s Nick French about recent big shifts, above all the rise of red tech.
Read more...Why Trump’s 50 Year Mortgage Scheme Is an Even Worse Idea Than You Imagined
The Trump/Pulte 50 year mortgage scheme is indeed really bad even before getting to the fact that it would probably increase home prices.
Read more...The ‘Supercenter’ Effect: How Massive, One-Stop Retailers Fuel Overconsumption − and Waste
To confirm prejudices some of you may habor: supercenters are bad! No wonder retailers love the format.
Read more...Mamdani’s Win and the Price of Urban Life: Why City Voters Are Seeking Change
The soaring costs of city life appear to be sending urban voters toward progressive leaders who promise relief, both in the U.S. and globally.
Read more...Call Your Congresscritters: OpenAI Laying the Groundwork for Massive Federal Bailout
AI is not just coming for your job. Industry leaders plan to pick your pocket on a massive scale via a bailout.
Read more...Mission Impossible: Why the US Cannot Reverse Its Manufacturing Decline
Debunking magical thinking about the US regaining its manufacturing mojo at scale.
Read more...Medicare Advantage: Fraudulent and Misleading Marketing Lures Seniors into Plans Inferior to Traditional Medicare
A guide on the structure of Medicare Advantage, why it is a bad deal, and how to steer clear of aggressive and even fraudlent marketing.
Read more...SNAP, the Nation’s Largest Food Aid Program, Is About To See Cuts. Here’s What You Should Know.
A court ruling will force the Administration to use emergency funds for SNAP benefits. But the money will run out in weeks. What then?
Read more...Big Employers Using AI to Decimate White Collar Jobs; What Happens When Real Incomes, Employment, and Social Compacts Erode?
Big companies are cutting white collar jobs, because AI, and warn more is to come. What does this mean for the economy and social stability?
Read more...Nationalism – Good or Bad?
Richard Murphy argues that it’s long past time to stop equating all nationalism with Nazism and instead embrace a form of nationalism based on the politics of care.
Read more...Trump Team Takes Aim at State Laws Shielding Consumers’ Credit Scores From Medical Debt
More wanton Trump Administration immiseration of the non-rich, here by blocking state efforts to bar credit reporting of medical debt.
Read more...Food Inflation: The Price Spikes of Beef, Coffee, Eggs, and Dairy
CPI for food at home has surged by 30% since January 2020.
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