Category Archives: The destruction of the middle class

America Will Keep Losing Its Middle Class as Long as “The Free Market” Dominates the Economic Debate

How free market fundamentalism has undermined industrial policy and other pro-worker measures.

‘Another Gift’ to Big Business as Trump Treasury Moves to Eliminate Rules Against Corporate Tax Avoidance

Another day, another Trump gift to the wealthy, this one in the form of a corporate tax break.

Brexit: Johnson’s General Election Busted Flush?

How the Tories are setting themselves up to lose the upcoming general election.

The Sanders Plan to Legalize Marijuana Does More Than Legalize Marijuana

Discussion of comprehensive Sanders plan to legalize marijuana: legal and political implications.

Chile in Flames: The Neoliberal Model in Crisis Throughout the Region

An overview of the protests in Chile.

Four Companies Settle Just Before Bellwether Opioids Trial Was to Begin Today in Ohio

Last minute settlement halts first federal opioids trial, due to begin today in Ohio; this would have been the opening courtroom clash in the complex MDL.

UAW and GM Reach a Deal, But Will Autoworkers Support It?

Two former autoworkers leaders examine how the militancy of rank and file union membership carried the current GM strike, how it could transform unions, and how this speaks to the larger struggle with capitalism.

Marshall Auerback: Will the GOP Become the Party of Blue-Collar Conservatism?

Is the GOP willing to embrace a historical political realignment to become an ally of laborers, or at least manufacturing workers?

PG&E Blackout Round-Up, Mini-Grids, and Thoughts on The Jackpot

PG&E’s bankruptcy woes, possibilities for a more resilient grid, and “androgenic, systemic, multiplex, seriously bad sh*t” (The Jackpot).

Announcing the First Winner of the Archie McCardell Award for Truly Horrendous Management: WeWork

Introducing serial leading company wrecker Archie McCardell, and noteworthy successors to him, with WeWork as a first object lesson.

The Census Fails to Count 100 Million People as Living in Poverty

IPS Fellow Karen Dolan, who works with the Poor People’s Campaign, discusses her new study on poverty in the US.

Bad Debts Make Good Profits – But What Are the Social Costs?

As European borrowers choke on debts they can’t repay, due to a significant degree to austerity-induced weak economies, financial profiteers swoop in to take advantage of the distress.

The Implementation Flaw in Warren’s Wealth Tax

There are better ways to skin fat cats than Warren’s wealth tax.