Michael Hudson: Why Failing to Solve Personal Debt and Polarization Will Usher in a New Dark Age
Crushing personal debt loads have repeatedly produced economic and social crises. The elites ignore the warning signs at their peril.
Read more...Category Archives: The destruction of the middle class
Ian Fraser: What the HBOS Fraud Tells Us About the State of British Banking
The £1 billion HBOS Reading fraud, my part in exposing it, and what it tells us about the state of British banking
Read more...It’s Time To Put Food Policy Back On The Table
The agri-industrial model of huge-scale, corporate-run operations vs. the agri-cultural model community-based family farming
Read more...The Opioid Epidemic and the Face of Long-Term Unemployment
The role the opioid epidemic plays in long-term unemployment.
Read more...Globalisation and Economic Nationalism
An in-depth data analysis shows a strong correlation between exposure to competition from imports and a rise in right-wing nationalism.
Read more...Why Extreme Inequality Causes Economic Collapse
A look at how rising inequality becomes systemically destructive.
Read more...Wearing White: What Resistance Looks Like in America’s Heartland
A labor struggle in South Bend as a window into unions’ ongoing resistance to corporate greed.
Read more...Grantham: ‘Twas Capitalism That Killed Capitalism
How capitalism became disconnected from social good, leading to hope for a “strong leader” will take on the rich and powerful.
Read more...Euroland: Will the Netherlands Be the Next Domino To Fall?
The upcoming elections in the Netherland demonstrate how austerity is stoking anti-elitist, anti-Euro sentiments.
Read more...Prospects for Further Meaningful Wage Growth Are Dimming
Why the outlook for wage growth isn’t as sunny as the business press would have you believe.
Read more...Brexit Big Lie: UK Could Have Reduced EU Immigration by 82% Under EU Rules
Contrary to Tory and pro-Brexit propaganda, the UK has plenty of power under EU rules to reduce immigration.
Read more...Women Skeptical of the Women’s March
A critical appraisal of the Women’s March.
Read more...Zero Interest Rates in EU: The Myth of the Poor German Saver
The ordinary German is much less well off than most foreigners would assume.
Read more...Private Equity Slugfest! Managing Partner of Sequoia Slams Blackstone Chief Steve Schwarzman in New York Times Op Ed
Rifts are opening up among the financial elite. Michael Moritz, a partner from Sequoia Capital, penned a New York Times op-ed that blasts fellow private equity big dog Steve Schwarzman of Blackstone for cottoning up to Trump and for making his living from squeezing American workers and benefiting from the carried interest tax loophole, which […]
Read more...Trade and Political Power: The Past and Possible Ways Forward
The evolution of the post World War II trade framework and potential progressive responses to the downside for workers.
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