Over the last four decades, the US economy has done quite well for the top 1%, but it has been stagnant for most Americans. This was not an accident, nor the natural workings of the market and certainly not an inevitability. US policies have been deliberately structured since 1980 to redistribute income upwards. In other words, the system has been rigged.
Reading
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Small-dollar mortgages can address housing insecurity and racial inequity in housing, but several challenges must be overcome to increase access to them.
The tight labor market has helped most vulnerable workers recover. Improving the job matching process can help them keep their gains if conditions deteriorate.
Is it good for your wallet? A climate bill in disguise? Landmark action or nothingburger? Economic experts assess the Democrats’ legislative victory for the Institute for New Economic Thinking.
Now that Democrats have finally passed their much-touted legislation, key experts go beyond the hype to weigh in on how the Inflation Reduction Act (IRA) will likely impact your wallet in the short and long term, what it means to climate change, and what more is required to improve the lives of Americans and save the planet. Hint: the bill may not be all it's cracked up to be -- especially when it comes to curbing inflation.
On Climate, a Meaningful Small Step: Servaas Storm, Senior Lecturer of Economics, Delft University of Technology
Between dodging viruses and pondering fascism and climate disasters, I have been re-reading a truly uplifting book which I hadn't visited for many years. It's the masterpiece of the French historian Marc Bloch, Feudal Society, first published in 1940. I have a 2-volume paperback of the English translation, which I bought as a student for the terrifying price of 3 dollars and 60 cents.
It's social history or historical sociology, whichever you like. Bloch set himself the austere task of anatomizing a whole society, tracing the basic relationships that made it a distinct social formation. But it is also full-blooded history, concerned with the conditions that brought this society into being, its attitudes, its divisions, its conflicts, its laws; with how it survived in western Europe for five hundred years or so, and how it changed.
How big tech barons crush innovation—and how to fight back
In late 2017, the European Commission asked us to research innovation in the digital economy. Our earlier work, including Virtual Competition, raised the concern of policymakers around the world as we uncovered several significant risks of the digital economy including algorithmic collusion. But on innovation, we, like many others, were optimistic and trusted in the market’s ability to deliver. As we dug into the data over the next few years, however, we found multiple fallacies about innovation in the digital economy. Our counterintuitive findings were unsettling.
A rising federal funds rate means there is less liquidity in the market, which could help reduce the inflation rate in the months ahead.
This time especially worth reading and sharing pieces: — Samir Amin, a towering intellectual and eminent political economist, who greatly contributed to the study on imperialism an monopoly capital, and coined the term ‘Eurocentrism’ passed away four year ago. Read here his last essay “Revolution or Decadence? Thoughts on the Transition between Modes of Production […]
Today’s Sunday cartoon (above) is perhaps the tenth or twelfth edition of
this unusual word puzzle format that my good friend, Cliff Harris The King
of Wordplay devised. SPOILER ALERT: The answers to the three puzzles above
are in bold at the end of this little mini-essay.
As always, if you find value in this work I do, please consider helping me keep it sustainable by joining my weekly newsletter, Sparky’s List! You can get it in your inbox or read it on Patreon, the content is the same.
How Republicans Could Steal The Next Presidential Election
The latest Republican plot to sabotage our elections could remove American voters from the process of selecting their president.
You heard that right. A case headed to the Supreme Court could let Republican controlled state legislatures overrule the will of the people and pick the next president without you.
This all hinges on a radical idea called the “independent state legislature theory.” It’s at the heart of a case the Supreme Court will decide called Moore v. Harper.
Opinion by Jameel Jaffer -- Politico
Reforms to the law are long overdue, but they have nothing to do with the Mar-a-Lago search.
By Micah Lee -- The Intercept
The Trump administration used the controversial law to target media outlets and sources who provided important information to the public.
By Marjorie Cohn, Truthout
Attorneys and journalists whom the CIA spied on when they visited WikiLeaks publisher Julian Assange in the Ecuadorian Embassy in London have filed a lawsuit against the CIA, its former director Mike Pompeo, UC Global and its director, David Morales, in U.S. District Court.
Paul Mason, author of 5 Ways to Stop Fascism, breaks it down: Read more here.
How does Generation Z’s student debt burden stack up against millennials’ at the same age?
The NDIS is pumping feel-good stories through social media channels at a robust rate, but for many, there is a massive gap between these accounts and actual service delivery. read now...by Julien Etienne* It is startling to see that regulation scholarship continues projecting a business-as-usual picture, when current trends and scientific insights into the foreseeable future all point to radical change. Indeed, scientists have been documenting the extremely rapid decline in biodiversity and acceleration of climate change. They project that these trends will continue to […]
We've been doing live streams of our songwriting sessions from our studio on our Twitch channel. We just turn on the camera and try out ideas and see where they take us.
Here is a clip from one of those sessions we posted to our YouTube Channel.
Rumble Fish Style (Live Stream Clip)
One of the things I wanted to try was something that sounded like the soundtrack for the 1983 movie Rumble Fish.