Austria: A Case Study of How Offshoring Lowered Growth
Austria illustrates that over time, offshoring reduces the skill levels of domestic workers and even organizations.
Read more...Category Archives: The destruction of the middle class
Michael Hudson: Clinton’s Red-Baiting Distracts from Failure to Address Inequality, War-Mongering as Trump Flails
Clinton’s attacks on Trump distract attention from her 1% serving economic policies and her war-mongering, but Trump isn’t responding effectively.
Read more...Bill Black: Thomas Friedman Wants A “Center-Left” Democratic Party Based on Austrian Economic Myths
Thomas Friedman has managed to outdo himself on the downside.
Read more...Wolf Richter: Why this Job Market is Still Terrible: The Politically Incorrect Numbers Everyone is Hushing up
For individuals, the job market has barely improved since the Great Recession.
Read more...The Economic Drivers of Political Disruption in Advanced Economies
The (bad) economic policy roots of political polarization.
Read more...5 Ways Corporate Power Increases Inequality
How corporate power squeezes the middle class.
Read more...Scotland Disses Theresa May by Reviving Anti-Inequality Law She Loathes
Another min-joust between the UK and Scotland, this on an innovative anti-inequality stipulation.
Read more...How ‘Competitiveness’ Became One of the Great Unquestioned Virtues of Contemporary Culture
How political authority has legitimated and promoted the questionable goal of competitiveness.
Read more...Video: Guide to Legal Tax Evasion (With #iPhone7Boycott)
A humorous starter guide as to how multinational engage in legal tax evasion, and how to tell Apple to cut it out.
Read more...Contradictions at the Kitchen Table: Sanders, Obama, and Clinton at the Democratic National Convention
The power imbalance between labor and capital, as revealed by Presidential speeches at the Democrat National Convention.
Read more...Wolf Richter: US Homeownership at Lowest Level in Over 50 Years
Despite large subsidies to housing and mortgage finance. homeownership has plunged to 1960s levels.
Read more...Michael Hudson: Obama Said Hillary Will Continue His Legacy – and Indeed She Will!
An update on Hillary’s coronation.
Read more...How Much Do Shady Financial Practices Cost You, Exactly?
The average U.S. household loses over $100,000 to destructives activities of bankers and financiers
Read more...Investment Implications of the Rise of the New Lumpenproletariat and Political Shocks
How rising numbers of the new lumpenproletariat, meaning contingent and least-paid workers, are reshaping economies and politics.
Read more...8 Countries Where Rampant Inequality Has Led to Violence
Yes, Virginia, inequality is dangerous but that does not stop many of the really rich from wanting more. us.
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