Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”
Bill Black uses Tom Friedman’s recognition just this week that Brexit is a mess as the foundation of a detailed takedown of Friedman’s propaganda, um, views.
Read more...Category Archives: The destruction of the middle class
New York Sues Big Pharma for Opioid Crisis
The Sackler family and PurduePharma profited from opioid-related “suffering and death,” NYC AG Letitia James charges. White collar criminologist and law professor Bill Black weighs in.
Read more...3 Questions That ‘Created Havoc’ in Betsy DeVos’ Department of Education
Betty DeVos has trouble answering questions on charter school fraud. Quelle surprise!
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)
How mainstream economics ignores the lessons from antiquity on the destructiveness of oligachies, and how early industrialists and business schools promoted anti-rentier, socialit policies.
Read more...As GOP Deploys ‘Nuclear Option’, New Reports Detail Damage Done By Trump’s Far-Right Takeover of Judiciary
In just under two years on the bench, Trump’s narrow-minded elitist judges have already harmed workers, consumers, voters, immigrants, reproductive rights, and many more.
Read more...Money Talks, Big Time: 1% Politics and the Scandals of A New Gilded Age
A social order where the power of money plays an outsized role looks illegitiamate, particularly when citizens have been sold the myth of meritocracy.
Read more...Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
Read more...Profile of a Scam: How Rick Singer Built a College Entrance Cheating Machine
An important Wall Street Journal story digs into how Rick Singer created his college entrance cheating empire.
Read more...Work of the Past, Work of the Future
How the change in the nature of work has helped increase income inequality.
Read more...Brexit Delay Will Not Postpone Deglobalisation
The world economy has experienced deglobasation phases before. How this one differs from its predecessors.
Read more...The #MMT Case for Progressive Taxes
MMT advocate typically shy away from calling for progressive taxes. A case as to why that’s a lost opportunity.
Read more...Report from the Ground in Paris: The Most Recent Gilets Jaunes Protests
A report from Colonel Smithers.
Read more...“Middle Class” Once Meant Stability and Now Means Fragility
The middle class used to be the bedrock of American institutions. Now its members are coping with an uncertain future.
Read more...A Way-Too-Early Handicapping of the 2020 Presidential Race
2020 is already in the news. so you might as well start working on your scoresheet!
Read more...Another Way the Rich Get Richer: US Indicts Fifty for College Admissions Fraud
Federal prosecutors indicted fifty people yesterday for college admissions fraud at several elite institutions, including Georgetown, Stanford, and Yale. Serious discussion of how college admissions procedures foster inequality is long overdue.
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