Mass Unemployment Is a Failure of Capitalism
Why unemployment is a feature of capitalism.
Read more...Category Archives: The destruction of the middle class
Modigliani Meets Minsky: Rising Inequality and U.S. Household Debt Since 1950
Yves here. This short piece looks at some of the intuitions about the relationship between rising household debt levels and increasing inequality. And they sure do look to be connected! By Alina Bartscher, University of Bonn, Moritz Kuhn, Professor, Department of Economics, University of Bonn and Moritz Schularick, Professor of Economics, University of Bonn. Originally […]
Read more...Hunger Rises Dramatically in America
Hunger levels are shooting up and Republicans want to do as little as possible about it.
Read more...Economic Blow Of The Coronavirus Hits America’s Already Stressed Farmers
Many farmers were struggling economically and psychologically even before coronavirus hit.
Read more...Betsy Sweet: “In Maine, We Live the Climate Crisis Everyday”
Betsy Sweet, a Democratic primary candidate for the US Senate, explains why a progressive policy agenda is popular in Maine.
Read more...People and Jobs? Or Wealth? The Government Has To Decide Which To Prioritise, and There Is Only One Right Answer
Why landlords, banks, and pensions need to be sacrificed to save jobs and businesses from the ravages of coronavirus.
Read more...Some Communities Are Being Forced to Fight School Closures and Privatization in the Midst of the Pandemic
Citizens opposing a school restructuring plan in Minneapolis remind local officials: “The educational system actually belongs to us.”
Read more...In Quest of the May Day Strikes
A round-up of May Day strike coverage.
Read more...The False Dawn of Ending Coronavirus Lockdowns
It would be nice if relaxing the lockdowns would solve a problem, any problem….
Read more...Jesse Ventura Could Pose a Greater Threat Than Biden or the Democrats Believe
How Jesse Ventura could upset the already wobbly Biden apple cart.
Read more...The Price of Meat
Meat and the rights of meatpackers have come to the fore.
Read more...Finance Capitalism vs Industrial Capitalism: How Financial Parasites and Debt Bondage Are Destroying Us
Another Michael Hudson star turn on debt dynamics, this time focusing on the coronavirus bailouts are shoring up rentiers.
Read more...Schadenfraude Alert: Airbnb Mini-Moguls in Meltdown as Bookings Collapse
Once fat and happy Airbnb landlords are now in a world of hurt.
Read more...‘No Consequences for Negligence That Kills’: McConnell Wants Corporate Immunity From Covid-19 Lawsuits
Not content with pursuing pro-business judicial nominations alone, Mitch McConnell seeks to circumscribe corporate COVID-19 legal liability.
Read more...In a Slap in the Face to Progressives, Biden Appoints Larry Summers, a “Literal Architect of Neoliberalism,” to Economic Advisory Role
If you need proof that Biden doesn’t give a damn about oridinary people, his bringing Larry Summers in from political exile should convince you.
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