What Happens When America’s Kids Confront Extreme Inequality?
A hopeful account and some lessons about inequality from Chelsea. But can we really generalize from this case?
Read more...Category Archives: The destruction of the middle class
What “Hope” (and Change) Look Like in the Labor Market, According to the New York Times
Why aren’t all segments of the labor market equally crapified?
Read more...Gaius Publius: Will Sanders Play His Ace?
Sanders lists demands for Clinton if he fails to get the nomination…and it includes demands like single payer that are so far from her current position that it is inconceivable that she will give them lip service.
Read more...A Modest Proposal: Securitizing Loans for Large Health Care Expenses
Health care loans are the equivalent of mortgages for large health care expenses. What could go wrong?
Read more...Can Sanders Win Over Rich Voters in New York?
After Wisconsin, the next round of primaries in concentrated in more affluent East Coast states, and Clinton does well with rich voters. Can Sanders make enough headway with them?
Read more...Paul Ryan Sorry for Calling Americans “Takers.” Let’s Talk About the Real Takers.
Rana Foroohar’s new book, Makers and Takers: The Rise of Finance and the Fall of American Business, addresses what Paul Ryan conveniently left out.
Read more...Gaius Publius: The Rebellion Will Not Go Away
Rebellion watch: Why the natives will remain restless.
Read more...Marshall Auerback: Donald Trump Understands the Nexus Between Trade and Immigration
By linking immigration and trade, however crudely, Trump has exposed the broader paradox and inherent contradictions which lurk between the two.
Read more...Campbell Brown: The New Leader of the Propaganda Arm of School Privatization
How a former anchor is helping the billionaire-backed charter lobby misrepresent school privatization as “reform”.
Read more...Oxfam Report on Rent Seeking Among the Top Wealthy Reinforces Neoliberal Shibboleths
A well-meaning effort to analyze rent-seeking goes off the rails.
Read more...Bill Black: Democrats Need to Give Up Being Deficit Hawks Even When it Feels Good Politically
Why do Democrats act like Republican wannabes with deficit scaremongering? Let us count the reasons: Wall Street, Pete Peterson, hatred of the poor…
Read more...The Hidden Health Costs of the Global Financial Crisis
Why the hidden health cost of the financial crisis will span decades.
Read more...Michael Pettis: Trump and the Re-Emergence of the Jacksonians
Why Trump represents a recurring set of grievances in American politics, and elites are making a mistake in dismissing them.
Read more...Michael Hudson and Chris Hedges: The Real World Cost of Turning Classical Economics Upside Down
Classical economics recognized the costs of rent extraction, excessive borrowing, and encouraging speculation over commerce. Ideologues have turned those lessons on their head.
Read more...Robert Reich: 5 Reasons Why Trump’s and Cruz’s Tax Plans are Huge Giveaways to the Rich
Trump’s tax plan reveals that his economic populism is three-card Monte.
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