Firms’ Global Market Power and Its Implications, Such as Lower Income Share to Workers
An attempt to look at the effects of the existence of international companies with market powers shows there are reasons to be concerned.
Read more...Category Archives: The destruction of the middle class
Naked Capitalism Readers Issue Scam Alert For Amazon’s “Become Our Freight Shipper” Scheme
Amazon isn’t satisfied with creating modern day sweatshops via its warehouses. It wants to suck the capital and labor of the not-so-savvy entrepreneur wannabes into its maw.
Read more...How Cynical Is the Democratic Party’s Support for Identity Politics? (Plus a Note on the Ocasio-Crowley Contest)
Another case study of Democratic Party hypocrisy.
Read more...Some Public Pension Funds Give KKR a Wet Noodle Lashing Over Toys ‘R’ Us Collapse
Not surprisingly, action in the wake of private equity investors Bain, KKR and Vornado stiffing Toys ‘R’ Us workers of their severance have generated more press than restitution. But some of the ideas bruited about would have real teeth.
Read more...An Increasing Number of Struggling Americans Are Turning to Check Cashers and Payday Loans
Nearly 30 percent of the U.S. population now uses alternative financial services.
Read more...Why Italy’s Crisis Is the Left’s Crisis
Why framing the political struggle in Italy as mainstream versus populist shifts focus away from the most important issue, Eurozone reform, where the battle is mercantilists versus Keynesians.
Read more...Why Did Trump Win? Robots Are to Blame
Why robots, and not “bots,” may have been responsible for Trump’s win.
Read more...Alongside Rising Top Incomes, the Level of Living of America’s Poorest Has Fallen
As the rich in America get richer, the poorest fall further behind.
Read more...Gaius Publius: Union-Busting by Planned Parenthood in Colorado
Planned Parenthood shows its true colors, which is loyalty to the top 10%.
Read more...Missing in Action: The Poor in America
How much of the reality of being poor remains hidden, often by design.
Read more...Italy Holds A Mirror to a Broken Europe
The election of a right-wing, populist government in Italy exposes the economic and democratic shortcomings of the European project and its nationalist rivals.
Read more...Why Are There So Many Unsheltered Homeless People in California?
Try guessing why San Francisco has encampments of homeless people….
Read more...Poor Peoples Campaign Protests All Over US Ignored by Media
A young anti-poverty, anti-discrimination movement, the Poor Peoples Campaign, is starting to get traction.
Read more...The Roots of Argentina’s Surprise Crisis
How reforms by Argentina’s President Macri helped kick off a currency crisis.
Read more...Bill Black: Democrats Should Reject Bernanke’s ‘Wily E. Coyote’ Criticism of Trump’s Deficits
Bernanke engages in a new episode of ideologically motivated economic prognostication.
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