‘Will End Up Hurting Tens of Millions’: Progressives Push Back as Dems Weigh Lower Income Cutoff for Stimulus Checks
“Means testing is a form of austerity. Scaling back on stimulus would be a mistake.”
Read more...Category Archives: The destruction of the middle class
Elizabeth Warren’s Not-Ready-for-Prime-Time Robinhood/GameStop Intervention
Elizabeth Warren is back in swinging hard, but she’s not yet connecting with the balls.
Read more...New Report From Rep. Katie Porter Reveals How Big Pharma Pursues ‘Killer Profits’ at the Expense of Americans’ Health
Rep. Katie Porter kicks some Big Pharma ass and takes names.
Read more...Deaths of Despair and the Incidence of Excess Mortality in 2020
An effort to decompose deaths of despair under Covid.
Read more...Rise of the Superstar Firms: Taking Oligopoly Seriously in Macroeconomics
Quelle surprise! Only now that EU and US officials are up in arms about monopolies are macroeconomics pros taking it seriously.
Read more...“They Left Us Starving”: How the Fashion Industry Abandoned Its Workers
Yves here. Many associate sweatshops in Sri Lanka and Bangladesh with “fast fashion,” aka the close-to-disposable frocks made by the likes of H&M. As this article explains, the use of ultra-cheap labor extends much further up the fashion food food chain. And these poorly-paid workers get thrown to the curb when orders fall off. By […]
Read more...The Pain of Service Crapification
How Covid is extending the reach of crapification.
Read more...Right to Repair: Saves Consumers Money, Promotes Local Jobs Rather than Global Supply Chains
U.S. PIRG resport says adopting broad right to repair provisions would save U.S. housholds money and promote local employment.
Read more...Flint Water Crisis: Michigan AG Poised to Indict Ex-Gov Snyder, Other Officials, Later This Week, But on What Charges?
The Michigan AG reportedly will soon bring criminal charges against ex-governor Rick Snyder and others for actions in the Flint water crisis.
Read more...Health Workers Unions See Surge in Interest Amid Covid
The COVID-19 pandemic has fuelled health care union organizing efforts, including a success at Mission Hospital in Asheville, North Caolina.
Read more...“Build Back Better” Needs an Agenda for Upward Mobility
Why Biden’s “Build Back Better” could make a big difference for what was once the American middle class….charitably assuming he meant it.
Read more...Michael Hudson: Looking Forward to 2021
Micheal Hudson gives a sobering 2021 forecast.
Read more...2021 Will Be Volatile
Richard Murphy’s 2021 forecast.
Read more...A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar
An in-depth discussion of financial capitalism versus earlier models and the Chinese and Russian approach, with a focus on the role of rent.
Read more...Polarization, Then a Crash: Michael Hudson on the Rentier Economy
Michael Hudson discusses the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.
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