Michael Hudson: Celebrating the One Percent – Is Inequality Really Good for the Economy?
The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
Read more...Category Archives: The destruction of the middle class
How the SEC Enabled the Gross Under-Reporing of CEO Pay
Why CEOs are even more grotesquely paid than you thought.
Read more...Wolf Richter: That 5.2% Jump in Household Income? Nope, People Aren’t Suddenly Getting Big-Fat Paychecks
The much-ballyhood 5.2% gain in household income doesn’t square with other data….and the details aren’t as pretty as the headline either.
Read more...Bill Moyers: We, the Plutocrats vs. We, the People: Saving the Soul of Democracy
National treasure Bill Moyers describes the rise of inequality and America’s descent into plutocracy, reflecting wisdom acquired over six decades of thinking and writing about American politics.
Read more...There’s a Lot to Celebrate This Labor Day: The Summer Has Been Filled with Victories for Workers
A round-up of victories for labor in the last year.
Read more...Two Modest Proposals to Improve the Wages and Working Conditions of Contingent Academic Labor
I hope these proposals are accepted in the spirit with which they are given.
Read more...Credentialism and Corruption: Vile College Administrators Edition
Welcome to Neoliberal U!
Read more...Credentialism and Corruption: Vile College Presidents Edition
Corruption at NYU, Baylor, and Penn State.
Read more...Trickle Down Election Economics: How Big Money Can Affect Small Races
Billionaires are targeting key state races.
Read more...How Abusive Employers Combined With Job Insecurity Lead to Suicides
Labor activists charge that pressure-cooker jobs and employer abuse are leading to more work-related suicides. But how can companies by held to account?
Read more...Gaius Publius: “You Broke It, You Bought It” – A Sanders Activist Challenges Clinton Supporters
Clinton’s hard move to the right is causing some consternation among bona fide progressives. But what will they do about it?
Read more...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...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.
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