Michael Hudson and Vijay Prashad: How Hyper-Imperialism Shapes Global Conflict
A rich discussion of how industrial capitalism evolved into imperialism and how its impulses and contradictions are creating more fractures.
Read more...Category Archives: The dismal science
Satyajit Das: Book Essay – Measuring Progress
Carl Benedikt Frey traces the history of technological innovation. But does that constitute progress?
Read more...The Great AI Displacement: Fracturing Tomorrow’s Labor Market
An industry participant debunks a paper predicting that the labor market effect of AI will be so bright that we will all have to wear shades.
Read more...There Are No Free Markets
Neoliberal free market ideology was always a fantasy. But what comes next given the late stage capitalism breakdown?
Read more...Has Public Debt Become Unmanageable?
Why alarmism about public debt is fundamentally misguided.
Read more...Economic Questions: James Tobin’s Transaction Tax
A Tobin tax is a no-brainer for reducing speculation and financial crisis risk. That is reason enough to keep it from being implemented.
Read more...The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
A detailed discussion of how AI data-center investment boom is soking a societally and financially costly bubble
Read more...Wordle, the Wisdom of Crowds, and Bubbles
What Wordle play says about markets and bubbles.
Read more...Brexit’s Slow‑Burn Hit to the UK Economy
A new analysis finds that Brexit imposed higher costs on the UK than forecasts at the time projected.
Read more...The UK Is Cursed: How Finance Destroyed Our Economy
More discussion of how the UK’s post World War II decline was a choice, due in large measure to the embrace of finance and neoliberalism.
Read more...Quelle Surprise! Companies With Market Power Drive Inflation
Corporate concentration does not just make inflation worse. A new study finds it plays a lead role.
Read more...Economic Questions: The Stephanie Kelton Question
An overview of Stephanie Kelton’s The Deficit Myth explains the core findings of MMT. and how debt hysteria serves the rich, not the public.
Read more...The Making of the MAGA Right
As the old baseball saying goes, sometimes “You can’t tell the players without a scorecard.” This became especially true since Curt Flood opened the floodgates to free agency more than fifty years ago when he refused to be treated as disposable property by the owner of the St. Louis Cardinals, one August A. Busch, Jr. […]
Read more...Paying for Euroskepticism
A new data analysis shows that Euroskepticism, as in regional voting for nationalist/anti-European Union policies, produces lower growth.
Read more...How Neoliberalism Is Digging the Holes of Flagging, Indebted Economies Even Deeper
Indebted, low growth economies have a path for recovery. But neolibearlism stands in the way.
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