General Mills Retreats an Inch on Its Mandatory Arbitration Overreach
Law Professor Adam Levitin argued that we peons should make counterclaims against General Mills’ overreaching arbitration policy.
Read more...Category Archives: The destruction of the middle class
Don Quijones: “Uncreative” Destruction – The Troika’s Hostile Takeover of Europe
How the Troika is overriding national constitutions and popular will to strip-mine Europe’s periphery countries on behalf of banks.
Read more...Planned Obsolescence Disguised as Innovation, Oligopoly Disguised as a Free Market, and the Enrichment of Oligarchs
We are delighted to feature this post from Roy Poses, who with his colleagues at Health Care Renewal, have been providing consistently high quality analysis of the often dubious practices and economics of the health care system.
Read more...Paul Ryan’s “New” Austerity Budget
Paul Ryan’s austerity budget is demonstrably failed economic policy in a new bottle.
Read more...University of Southern Maine, Facing Organized Opposition from Students and Faculty, Rescinds Proposed Cuts
By Lambert Strether of Corrente. Good news, which I hope travels fast to other universities. Maine Sunday Telegram: University of Southern Maine President Theodora Kalikow on Friday rescinded the 12 faculty layoffs that had prompted weeks of protests, saying she’s open to alternative plans for finding up to $14 million in cuts. (I know! I […]
Read more...Matt Stoller: How Uber Creates an Algorithmic Monopoly to Extract Rents
We are not setting the price. The market is setting the price. We have algorithms to determine what that market is.<
Read more...Wolf Richter: America’s Structural Unemployment Crisis in Two Charts
The enormous number of people who work only part-time for economic reasons is one the tragedies of the unemployment crisis in this country. And that started before the financial crisis.
Read more...Bill Black: The Kamikaze Economics of Forcing Austerity on the Ukraine
We all understand why Russia is waging economic war on the Ukraine, but why is Obama doing so?
Read more...IMF Imposing Even Tougher Austerity Conditions on New Loans
How the IMF has been devising even nastier versions of its austerity hairshirt in recent years.
Read more...Philip Pilkington: Misdirection – Galbraith on Thomas Piketty’s New Book on Capital
Yves here. The best review so far on Thomas Piketty’s new book Capital in the Twentieth Century is by Jamie Galbraith, and we’ve featured it in Links. But the article itself is long and a bit wonky, so Pilkington’s recap is a useful distillation of Galbraith’s piece.
Read more...Yanis Varoufakis: Europe’s Latest Policy on Irish and Greek Banking losses – Two Swindles Too Similar for Comfort
The Irish and the Greeks are, in many ways, very different people. And yet, caught up in the Euro Crisis, their fortunes have become too close for comfort.
Read more...Bill Black: Deflation Dementia
Yves here. This piece by Bill Black not only does a great job of kneecapping some typically poor MSM reporting, but it’s also valuable as a high-level overview of the insanity of European economic policies.
Read more...Was Marx Right?
We participated in a Room for Debate forum at the New York Times, on the topic of “Was Marx Right?” Readers are likely to say, “But of course!” Yet Marx had such a large opus and his forecasts were so bold that any fair reading has to come to more nuanced conclusion.
Read more...Cokie Roberts Picked a Fight With Alan Grayson on the TransPacific Partnership. Guess Who Won?
I’m clearly too feral to have the proper responses, but I’ve long considered Cokie Roberts to be too lightweight to be worth paying attention to. But since lightweight goes over well in many parts of America, Cokie still has a large following. And it’s separately worth paying attention to a fight she picked over Obama’s stalled trade deal, the TransPacific Partnership. The fact that people with popular followings are still defending it says the Administration remains keen to revive it, so opponents need to guard against becoming too complacent.
Read more...Joe Firestone: Inequality – Envy or Honest Outrage?
Yves here. Even though I applaud Joe for his effort to take on the “class warfare as jealousy” meme, I think it needs to be attacked much more aggressively.
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