The Gospel of Capitalism is the Biggest Turkey of All
Western modernity and capitalism may be exhausting themselves, says author Eugene McCarraher. And that’s something to be thankful for.
Read more...Category Archives: The destruction of the middle class
The Coming Deadly Covid Winter
Extrapolating from well-advanced Covid developments leads to some ugly destinations.
Read more...What Would a State-Owned Amazon Look Like? Ask Argentina
Amazon hasn’t done well in Latin America. Now Argentina will challenge private platforms to benefit workers, consumers and sellers.
Read more...‘The Real Looting in America Is the Walton Family’: GAO Report Details How Taxpayers Subsidize Cruel Low Wages of Corporate Giants
Taxpayer money subsidizes the looting of the Walton family. Why should one family reap billions while its workers can barely survive?
Read more...The Other America: The New Politics of the Poor in Joe Biden’s (and Mitch McConnell’s) USA
Where there remains a sleeping giant of poor and low-income people yet to be pulled into political action.
Read more...Nick Corbishley: Bankruptcy Looms As Cash-Starved UK Local Councils’ High-Risk Real Estate Bets Sour
UK councils were already in trouble due to austerity, inflated charges for services, and mismanagement. Covid is set to generate bankruptcies
Read more...COVID-19 Compounding Inequalities
The COVID-19 crisis may worsen inequality and push more than 70 million people into extreme poverty, according to the United Nations.
Read more...Is Development for the World Bank Mainly Doing Business?
The World Bank finally gives up defending its controversial but influential Doing Business Report. It’s about time.
Read more...Why 2020 Was the ‘Precarity Election’
In 2020, both parties ignored rising precarity, which is why the country remains a house divided against itself.
Read more...Matt Taibbi: A Dangerous Moment for the Democratic Party
Matt Taibbi describes why the Democrats are likely to draw all the wrong lessons from their shabby 2020 results.
Read more...Unions Raise Worker Wellbeing
Quelle surprise! Unions look better than they used to, due to the worsening of non-union work.
Read more...Who Is Michèle Flournoy, Biden’s Rumored Pick for Pentagon Chief?
Rumor, as in press reports, has it that Biden plans to install uber hawk Michèle Flournoy as Secretary of Defense.
Read more...Replacing Rentier Capitalism Is One of the Defining Challenges of Our Age
Housing itself is just the most egregious tip of a very large iceberg. Everywhere you look, COVID-19 is widening the gulf between those who own assets and those who owe debts.
Read more...Americans Didn’t Vote for Change. For Many, It Wasn’t on the Ballot
Yves here. There will be many articles trying to explain what happened to the Democrats’ blue wave. This one is close on the heels of the result, which means it reflects beliefs at or shortly after the vote, as opposed to later lines of thought. And the writers made an effort to speak to Trump […]
Read more...How Covid-19 Is Increasing Support for Social Spending
Quelle surprise! Americans want better social safety nets, particularly now with the Covid wolf at the door.
Read more...