Category Archives: The destruction of the middle class

Jobs Data Shows Something Big Changed in this Monstrously Overstimulated Economy

Cheerleading about the much improved jobs picture overlooks how many workers have gone missing.

Michael Hudson: Is This the End of the Unreformable Democratic Party?

Have the contradictions of the Democratic Party’s overarching strategy finally become untenable?

Debt Cancellation: Taxi Drivers Savor Victory as Medallion Debt Bailout Deal Ends Hunger Strike

How New York City taxi drivers won a rare and much needed debt restructuring.

Deere Union Members Reject Second Management Offer; Key Demands Include Greater Workplace Say

Deere union members at 12 of 14 factories put the screws on management by rejecting their latest offer.

‘Manchin Is a F**king Snake’: Progressives Urged to Keep Pushing for Both Bills

Jayapal is “letting the president” handle Manchin after he says he won’t budge on the reconciliation package.

Why the US Supply Chain Crisis Is Intractable and Will Get Worse

The US supply chain problem will only get worse in the absence of aggressive Federal action….and we know how likely that is.

War on Cash: NYC Enforces its Cashless Business Ban

NYC sides with those who want to use cash and enforces its cashless business ban, hitting ice cream shop Van Leeuwen with $12000 in fines.

Bob Pollin: Stop Subsidizing Wall St., Start Subsidizing Workers for High Energy Costs

Bob Pollin: High oil prices and supply chain disruption are driving inflation, not workers’ modest wage increases or government debt.

“Want to See a Modern Country Commit Suicide? Take a Hard Look at Britain”

Post Brexit Britain is not doing at all well, and things are not going to take a turn any time soon.

New York City Retirees Refusing to Eat the Medicare Advantage Dogfood

Savvy New York City retirees have worked out that Medicare Advantage sucks.

John Deere Strike: A Union Member Explains How Bad Faith Dealings Produced Today’s Grievances

A backgrounder from TroyIA, a Naked Capitalism reader and John Deere worker, on what drove union members to strike.

Spike in Energy Prices Suggests That Sharp Changes Are Ahead

Gail Tverberg expands her focus beyond energy to provide an analysis of what is going terribly wrong in the world economy