Michael Hudson: Are Students a Class?
Students as the new NINJA creditors, and the broader implications of the use of debt as an instrument of social control.
Read more...Category Archives: The destruction of the middle class
The New New Deal
The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Government Austerity Demands That We Die Within Our Means
Theresa May’s plans to intensify austerity are costing her votes. About time.
Read more...Apple Spends Big to Thwart Right to Repair in New York and Elsewhere
Apple spends big to thwart right to repair, while efforts to expand into to India meet mixed results and fail to snare concessions as sought.
Read more...The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class
Discusses twin diseases stymieing US middle-class– secular stagnation and the polarization of jobs and incomes– and potential policy cures.
Read more...Mr. Market Starts to Question Trump Trade Delusion
A look at the “Trump trade” pearl clutching yesterday.
Read more...Toward a Jobs Guarantee at the Center for American Progress (!)
A look at a new Jobs Guarantee proposal from Neera Tanden and Rey Teixeira.
Read more...More Evidence School Choice Hurts Student Performance
More proof that “school choice” as in vouchers, is about profiteering and ideology rather than better education.
Read more...Jobless Recoveries: Exploring Technology’s Role
Recoveries from recessions in the US used to involve rapid job generation, but job growth has failed to match GDP recovery after recent US recessions. This column examines the role of technology in this and asks whether jobless recoveries are a wider problem outside of the US. In the US, industries that are more prone to technological change experienced slower job growth during recent recoveries, but it appears unlikely that modern technologies are causing jobless recoveries outside of the US. This poses a puzzle as to the nature of recent jobless US recoveries.
Read more...How Financialization and the “New Economy” Hurt Science and Engineering Grads
How the “new economy” devalued science and engineering degrees.
Read more...Falling Through the Cracks: Insecure Work and the Social Safety Net
How the redefinition of work is not just imposing costs on laborers but society via factors like stress and poor training.
Read more...Globalization and the End of the Labor Aristocracy, Part 4
More on how neoliberal policies around the world have hurt labor.
Read more...Book Review: Game of Mates
A new book. Game of Mates, documents how rentier capitalism and soft corruption operate in Australia. Many of its findings apply to the US.
Read more...Uber Under Federal Criminal Investigation for “Greyball” Software
Uber is in hot water and has hired a big name white shoe firm, Shearman & Sterling, to conduct an internal investigation.
Read more...Understanding Household Financial Distress: The Role of Noncognitive Abilities
A critical thinking exercise on a study that claims that psychological traits are linked to financial distress.
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