15 Ways Bill Clinton’s White House Failed America and the World
How Bill Clinton hurt the American middle class and US interests abroad
Read more...Category Archives: The destruction of the middle class
The Revival of Cities and the Urban Land Premium
The popularity of certain cities is explained by their attractiveness for innovative enterprises and high-educated top talent. Is this a durable trend?
Read more...Tom Engelhardt: Armed Violence in the Homeland
If you worry about safety, stop fretting about terrorists and focus on the nasty intersection of rising social stress and widespread gun ownership.
Read more...How Overgrown Financial Service Sectors Kill Growth
It’s now becoming cutting edge conventional wisdom that oversized financial service industries are bad for your economic health. Yet the media is only occasionally and timidly is willing to say that what is good for Jamie Dimon is bad for the rest of us.
Read more...David Leonhardt Links Two-Parent Families to Low Social Mobility, Without Taking Race and Socio-Economic Status Into Account
Leonhardt reinforces the myth that family form causes low social mobility, a disservice to the real debate about what causes family change
Read more...People and Power – The Technology Threat
Technology advances have hollowed out middle-skill jobs, often forcing those workers into less-well-paid work. That trend is set to intensify.
Read more...Thanks for Your Helpful Responses to Our Call to Action
We thank readers for their considerable, valuable input on a recent call to action and discuss how we plan to use their ideas.
Read more...Memo to Readers: If You Want to Beat Big Finance, You Need to Be Able to Take the Fight to Their Terrain
We are now 35 years into a finance-led counterrevolution. If you care about income inequality, student loan debt slavery, foreclosure abuses, and other products of the success of this effort, it behooves you, as Sun Tzu urged, to understand your enemy.
Read more...High School Dropout Rates Increase with Income Inequality
An important element of how income inequality is becoming institutionalized in the US.
Read more...8 Ways Robots Are Taking Over Our Jobs and Our World
Robots that replace workers are being prototyped in more and more areas, including some highly-paid professions.
Read more...The Shafting, Um, Sharing Economy
The Wall Street Journal, of all places, describes the dark economic underbelly of Uber and other Orwellianly-named “sharing” services.
Read more...Ron Wyden Calls NAFTA Insufficient Now; In 1993, He Called It a “Vote For Less Pollution”
One of the common rhetorical tropes supporters of the Trans-Pacific Partnership have used to sell it is to declaim all prior trade agreements as inferior, relative to this bright, shiny and new deal. Ron Wyden, the Democrat in Congress most responsible for moving TPP through, gave a particularly juicy example of this yesterday.
Read more...Senate Democrats Work with Republicans to Throw Medicare Under the Bus as Part of TPP Fast Track Sausage-Making
TAA, a training program for workers displaced by TPP, would be funded by money diverted from Medicare. It doesn’t work, either.
Read more...Give the Democratic Trade Turncoats Hell Over Fast Track Vote
The real fight against Fast Track authorization will take place in the House. but the Senate sellouts should be made to feel the wrath of their constituents.
Read more...Wolf Richter: How Soaring Housing Costs Impoverish a Whole Generation and Maul the Real Economy
Housing costs are beyond the reach of many middle class earners. And while that is no news, housing has been the engine of past recoveries. So inflated home prices are part of why the economy will stay mired in low growth.
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