Curiously, Elizabeth Warren is taking aim at powerful interests that are deeply loyal to Hillary Clinton. The plot thickens.
Read more...A high level description of how Democrats and Labor sold out the working class, and how that served a narrow interests at great cost.
Read more...How the Tories and UKIP intend to use Brexit to impose permanent austerity and reduce workers’ rights.
Read more...An appraisal of the Brexit sound and fury.
Read more...Boris Johnson is now the most hated person in the Western world.
Read more...Michael Hudson discusses some of his favorite themes; debt deflation, the high cost of consumer debt, negative interest rates.
Read more...The Brexit vote was a stunning repudiation of neoliberalism and austerity. But what comes next?
Read more...The IMF has become an unlikely reporter of unpleasant realities about the US economy, particularly the costs of inequality and distress. If only its prescriptions were better….
Read more...Financial crises move the struggles between debtors and creditors into the political sphere.
Read more...Contrary to its intent, a report explaining why labor force participation among prime-age men has fallen reveals how Obama has failed.
Read more...American history suggests that inequality is not driven by some fundamental law of capitalist development, but rather by episodic shifts in five basic forces: demography, education policy, trade competition, financial regulation policy, and labour-saving technological change.
Read more...Student debt isn’t just a millstone around young people’s necks; it’s weighing down the economy.
Read more...Elizabeth Warren and Mary Jo White cross swords again…but how effective can Warren be after she hitches her star to Clinton?
Read more...Price deflation, and classic debt deflation dynamics, are staring to appear in India and China.
Read more...The substitution of human labour by artificial intelligence and robots is a keenly debated topic. Some claim that a substantial share of jobs is at risk, while others argue that computers and robots will lead to product innovations and hence to unimaginable new occupations. This column uses a survey of Japanese firms to examine the impact of AI-related technologies on business and employment. Overall, firms expect a positive impact on business but a negative impact on employment. Firms with a highly skilled workforce, however, have a more optimistic view than firms with lower skilled employees.
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