The destruction of the middle class
Rise of the Superstar Firms: Taking Oligopoly Seriously in Macroeconomics
Quelle surprise! Only now that EU and US officials are up in arms about monopolies are macroeconomics pros taking it seriously.
“They Left Us Starving”: How the Fashion Industry Abandoned Its Workers
Yves here. Many associate sweatshops in Sri Lanka and Bangladesh with “fast fashion,” aka the close-to-disposable frocks made by the likes of H&M. As this article explains, the use of ultra-cheap labor extends much further up the fashion food food chain. And these poorly-paid workers get thrown to the curb when orders fall off. By […]
Right to Repair: Saves Consumers Money, Promotes Local Jobs Rather than Global Supply Chains
U.S. PIRG resport says adopting broad right to repair provisions would save U.S. housholds money and promote local employment.
Flint Water Crisis: Michigan AG Poised to Indict Ex-Gov Snyder, Other Officials, Later This Week, But on What Charges?
The Michigan AG reportedly will soon bring criminal charges against ex-governor Rick Snyder and others for actions in the Flint water crisis.
Health Workers Unions See Surge in Interest Amid Covid
The COVID-19 pandemic has fuelled health care union organizing efforts, including a success at Mission Hospital in Asheville, North Caolina.
“Build Back Better” Needs an Agenda for Upward Mobility
Why Biden's "Build Back Better" could make a big difference for what was once the American middle class....charitably assuming he meant it.
A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar
An in-depth discussion of financial capitalism versus earlier models and the Chinese and Russian approach, with a focus on the role of rent.