James Galbraith: Wage Stagnation and Populism – A Comment on David Brooks and Noah Smith
David Brooks and Noah Smith defend neoliberal globalization by trying to ‘splain decades of worker wage stagnation.
Read more...David Brooks and Noah Smith defend neoliberal globalization by trying to ‘splain decades of worker wage stagnation.
Read more...Why pseudo-wealth like crypto is detrimental to social welfare, as in the collective good.
Read more...On the long-standing religious and ethical proscriptions against usury, and how and why the Catholic Church rebranded it as interest.
Read more...The likely outcome of Trump policies are a recession, a rise in inequality, and a further fall in living standards of working and middle-class Americans
Read more...Why the downside to Trump economic policies are far greater than the press and pundit class are willing to acknowledge.
Read more...Why the Trump-induced economic and financial train wrecks will be more severe than most pundits seem to anticipate.
Read more...The formidable trio of Michael Hudson, Yanis Varoufakis, and Ann Pettifor assess the rapid changes in our economic system.
Read more...European NATO members hope Keynes’ magic will make their newly adopted militarism feasible. A sanity check.
Read more...Trump promised in 2016 and 2024 to undo deindustrialization from globalization and free trade, with tariffs as his main tool. Can it work?
Read more...Some further thoughts on the radical US-destructiveness of the Trump tariff regime.
Read more...More on the false premise that Trump can restore the US as a manufacturing powerhouse.
Read more...Game theorists do not take a kind view of how Trump is going about things.
Read more...Further discussion of the delustions and misrepresentations of the Trump tariffs.
Read more...Trump is about to drop another big tariff shoe, and pretty much no one but very hard core ideologues is on board.
Read more...Quelle surprise! People really hate the uncertainty that comes with business cycles. This bodes ill for the Trump regime.
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