Neoliberalism Is Not a Viable Option
How neoliberalism contributes to the growth of fascism.
Read more...Category Archives: The dismal science
The Core Problem of Economic Inequality: How Much Is Too Much?
Experts accept that economic ineqality is inevitable. But how does one determine acceptable/producitve levels versus destabilitzing ones?
Read more...New Study Attempts to Candy-Coat Impact of Job Loss
A reader critical thinking exercise! Time to take a hard look at a study that argues that losing your job may not be all that terrible.
Read more...James Galbraith: From the Fossil-Fuel Civilization Into …? Economics Gets a Biophysical Reality Check
James Galbraith argues that economics can’t keep ignoring that energy and resources for production are no longer abundant and easy to access
Read more...Economists Wake Up to West’s Trade and Technology Dependence on China
Useful data on and discussion of China’s dominance of inputs and technologies essential to the West.
Read more...Michael Hudson: From Babylon to Wall Street – How Bankers Make You Poor
A wide-ranging historical discussion with Michael Hudson, tracing the destructive rise the power of lenders from ancient times to today.
Read more...Will Voters Turn to Corbyn and Socialism over Starmer’s Big Finance Love-In?
A discussion of whether voters would back Corbyn-style socialism, particularly given Starmer’s ever-rightwards shift.
Read more...“How Much Longer Can We Trust Our Economic Statistics?”
Trump budget whackage will further degrade the quality of official statistics. And that really does matter.
Read more...Why Inflation Sticks Around: The Role of Class Warfare in Price Persistence
A new twist on inflation: how workers and corporates trying to preserve their financial position has the effect of perpetuating inflation
Read more...Chinese Government Tries to Combat Destructive Deflation. Will It Succeed?
The economic hazard of deflation is already stalking China, to the degree that even Xi is trying to take it on.
Read more...Yanis Varoufakis: Who Needs Marx in 2025?
To free ourselves from our technofeudal overlords, we must think like Karl Marx.
Read more...Trump’s Self-Destructive Fight with the Fed for Low Interest Rates: His “Fiscal Dominance” Game of Chicken
Trump is fighting another war he can’t win: trying to use interest rates to counter the inflation created by his yawning fiscal deficits.
Read more...Why UK [and US] Governments Are Never Dependent on Financial Markets
As Mr. Market idelivers a big raspberry in response to Trump’s big beautiful bill, remember it won’t affect the ability to keep spending
Read more...How Global Value Chains, Much Hyped by Development Experts, Slowed Growth and Preserved Inequality in Middle Income Countries
Tackling a pro-multinational development canard which looks to have made the so-called middle income trap worse.
Read more...Trust in Science, Public Health, and Politics: Lessons from COVID-19
Shortly after COVID-19 was recognized as a worldwide catastrophe, my much better half asked me how long I thought this would this last. Based on my then 45 years of biomedical research experience I replied, “Three years.” I was wrong. That was more than five years ago, when the refrigerated makeshift morgues were parked on […]
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