Tilting at Windmills: Bernanke and Blanchard’s Obsession with the Wage-Price Spiral
The obsession of big-name economists with defending a bad model has consequences, here, a policy aim of whacking wages.
Read more...Category Archives: The destruction of the middle class
No Exit: Western Imperialism, Capitalism, and Industrialization
Is industrialization the original sin of both capitalist and Communist/socialist economic systems?
Read more...Europe’s New Fiscal Rules Harm Working People and Women, Boost Right-Wing Radicals
New EU fiscal rules, touted as creating and economic growth, actually embody a dangerous agenda to shred social safety nets.
Read more...Yanis Varoufakis: Greece, EU Elections, Palestine & the International Order – JACOBIN Interview with David Broder
Varoufakis weighs in on topics of keen interest: the looting of Greece, then and now, the European left, and Palestine.
Read more...A Simple Desultory Analytic (Or How I Was Peter Turchin’d Into Perdition) by “I lost my harmonica albrt”
A discussion of Peter Turchin’s End Times: Elites Counter-Elites, and the Path of Political Disintegration.
Read more...“Ensh*ttification”: A General Theory for the Life Cycle of the Firm?
“It is the people that distinguish one company from another.”
Read more...NYC AI Chatbot Touted by Adams Tells Businesses to Break the Law
The Microsoft-powered bot says bosses can take worker’s tips and that landlords can discriminate based on source of income.
Read more...Why Artificial Intelligence Must Be Stopped Now
The promise of artificial intelligence is eclipsed by its perils, which include our own annihilation.
Read more...“The Algorithm Told Me to Do It”: More Price Fixing in US Rental Market
Arizona and another class action join lawsuit parade against price-setting software companies and property managers, North Carolina AG investigating.
Read more...Minneapolis Council Overrides Mayor’s Veto of Uber and Lyft Minimum Rates
“Essential” workers are cross-sectoral organizing across Minnesota and scoring victories.
Read more...Collapse on the EU Home Front
Germany continues to self-destruct, more austerity planned for EU, Ursula von der Leyen’s “tools” are sharpened to deal with prole backlash.
Read more...Young Voters, Victims of Neoliberalism, Pessimistic About the Future, Sour on Politics…As Officials Tell Them to Eat Statistics
A Wall Street Journal article about dispirited young voters reveals more than it intended to.
Read more...Major US Companies Pay Executives More Than Uncle Sam
More evidence, as if you needed it, that corporate executives are very skilled at feathering their nests.
Read more...Gendering the Predator State
Some new wrinkles on who wins and loses in James Galbraith’s Predator State.
Read more...Book Review: Malcolm Harris’ “Palo Alto: A History of California, Capitalism, and the World”
The Silicon Valley citadel of capitalism is built on eugenics, bombs, and hatred of the working class, and it’s destroying the world.
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