Boris Johnson Is Going – but His Cronyism and Corruption Are Here to Stay
Has Johnson left a lasting mark on the Tories, or is it merely that he overshadows his entirely underwhelming potential successors?
Read more...Category Archives: The destruction of the middle class
If the Democratic Party Tried to Change, Would its Ecosystem Prevent It?
“Fixing the Democratic Party” is more daunting than most think. Most of the Party’s big-dollar ecosystem exists to keep it just as it is.
Read more...Why Workers Are Turning to Unions
Unions are gaining steam….
Read more...Hubert Horan and Izabella Kaminska: Can Uber Ever Deliver? Part Thirty: The “Uber Files” Are Not the Uber Exposé You Are Looking For
The Uber Files showUber’s bad conduct was deliberate, but miss that its poor economics meant Uber engaged in a confidence trick on society.
Read more...Excluding Insulin From Drug Price Reform a ‘Slap in the Face,’ Advocates Say
Schumer should reinsert insulin price negotiation and a $35 monthly cap on out-of-pocket insulin costs into Democrats reconciliation bill
Read more...Reject CPTPP, Stay Out of New Cold War
Aiee, the TPP is back as the CPTPP. Same bad features but no US market access. What’s not to like?
Read more...Michael Hudson on Finance Capitalism’s Self-Destructive Nature
Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems
Read more...Dollar Diplomacy: Michael Hudson and Steve Keen on Real Progressives
A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.
Read more...Happy Bastille Day: Some Musings on Recent Events in Sri Lanka
Reflections on Bastille Day 2022: Last Saturday, Sri Lankans stormed their presidential palace, causing President Gotabaya Rajapaksa to flee to the Maldives.
Read more...Wage Stagnation and Productivity: Challenging the Conventional Analysis
Stagnating real wages may have contributed to the slowdown of US productivity.
Read more...Financial Crises as Drivers of Populism: A New Channel
Financial crises hurt the middle class, reducing their support for the status quo in favor of insurgent, aka populist, candidates.
Read more...Rishi Sunak Could Become PM. Here’s What He Doesn’t Want You to Know
From offshore dealings to right-wing think tanks, a guide to Rishi Sunak, the man who could become the UK’s richest PM
Read more...Think Johnson Has Had a Bad Week? He’s Achieved What He Wanted
Johnson’s political project was to destroy what trust was left in UK politics. And he’s succeeded
Read more...Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Welfare Can Discourage Crime More Than It Discourages Work
Who’d have thunk it? Income support, such as welfare, reduces crime.
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