Globalization and the End of the Labor Aristocracy, Part 1
How labor benefitted from imperialism, and how its advantages were eroded as multinationals became important as international enforcers.
Read more...Category Archives: The destruction of the middle class
The Global Corporate Saving Glut
The corporate savings glut has been long in the making. It’s a sign of capitalists abandoning their role of investing to pursue growth.
Read more...Big Companies Shake Fingers at Employees for Raiding 401(k)s
401(k) “leakage” is yet another sign of the wobbly state of many Americans’ finances.
Read more...Wolf Richter: This Economy is Ruined for Many Americans
The lower tier of the two-tier economy is not faring at all well.
Read more...Ilargi: Our Economies Run On Housing Bubbles
A look at the long-term role of home price bubbles in multiple countries.
Read more...Inequality in the US: A Tale of Two Countries
A look at US inequality, before and after tax and transfers.
Read more...Inequality Update: Who Gains When Income Grows?
In a perverse reversal of historical norms, more growth produces more inequality as a result of economic policy and changes in legal rights.
Read more...MIchael Hudson: The Democracy Collaborative
Michael Hudson gives new riffs on his regular themes: classical economics and its perversion by Hayek, rentier capitalism, debt jubilees.
Read more...The American Opioid Epidemic
More discussion of the possible causes and implications of the opioid epidemic.
Read more...Bill Black: Kansas Legislature Slips Koch Noose, Authorizes Medicaid Expansion
The Kansas legislature bucks long-standing Republican orthodoxy and votes for Medicaid expansion. A harbinger or a one-off?
Read more...Gaius Publius: Senate Democrats Will Filibuster Gorsuch…Maybe
Why are Democrats considering a Gorsuch deal? Maybe they can’t execute a filibuster due to too many Senators with big corporate backers.
Read more...Wanted: A Skulk of Foxes, or the Case-Deaton Health Study and Trump
Latest study shows white working class suffers health declines: can hedgehog Trump assemble a skulk of foxes to craft responsive policies?
Read more...Italy at the Grim Edge of a Global Problem (Updated)
With the average 20-year-old Italian now looking to wait 18 years before living independently, who will support Italy’s pensioners?
Read more...Michael Hudson: Trump is Obama’s Legacy. Will this Break up the Democratic Party?
The Democratic Party will keep losing as long as it remains the party of “no hope or change” for the 95%.
Read more...Competition From China Reduced Innovation in the US
Reduced innovation is another reason to question using China as America’s outsourced manufacturer.
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