Bloomberg Describes Europe’s Severe and Sustained Energy Crisis Due to Loss of Russian Gas
Bloomberg is countering the prevaiing cheery narrative that Europe can muddle through its ongoing energy crunch.
Read more...Category Archives: The destruction of the middle class
The Political Disruptions of Fiscal Austerity
Confirmation that austerity is bad for political stabiity because ordinary citizens don’t take well to their governments treating them badly.
Read more...The Political Economy of Effective Altruism
How the effective altruism discourages collective action….by design.
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Read more...Needed Global Financial Reforms Foregone Yet Again
The pathologies that produced the financial crisis are still circulating.
Read more...New York Times Strike: From Reporters to Rabble-Rousers
Workers at the New York Times stopped working to demand better pay and labor rights—but only for a day. What if they flexed their power?
Read more...“Jobs Are Up! Wages Are Up! So Why Am I as an Economist so Gloomy?”
Since the Fed can’t get more workers into the workplace but thinks it’s in charge of inflation, it will kill jobs with rate hikes.
Read more...Free Fridges in The Bronx, Created as COVID Stopgap, Still Meeting Chronic Food Needs
The successful community free fridges — fewer than during the pandemic — are now short on cash as well as volunteers to transport food.
Read more...Top Antitrust Expert: We Need a New Approach to Giant Tech Firms Like Google
A leader in competition and antitrust warns that ever-expanding tech giants raise concerns about the extent of their power.
Read more...Michael Hudson Answers Questions on Europe’s Self-Immolation, Fed’s Malpractice, Changing World Order
Michael Hudson covers a wide range of topics, including the decline of Europe, the Fed’s mismanagement, the rise of new economic blocs
Read more...University of California Comes to a Standstill as Academic Workers Strike
Workers at 10 UC campuses struck after the university system failed to offer compensation commensurate to the cost of living in California.
Read more...Tom Ferguson: Worker’s Wages & Leverage are the Real Targets
Why did Corporate Democrats “cede” the economic argument? Are they really fighting inflation or trying to weaken workers’ bargaining power?
Read more...You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?
Nomi Prins warns that central banks’ strategies are destroying the real economy, worsening inequality, and creating societal chaos.
Read more...Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties
Another account of the extent of the private equity health care grifting, as well as some avenues to check these abuses.
Read more...Homelessness Among Older People Is on the Rise, Driven by Inflation and the Housing Crunch
Rising housing and medical costs meet fixed incomes to push older peope into desperation and homelessness.
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