The destruction of the middle class

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Imperialism Then and Now: Drain of Wealth, Depression, The Role of the State and Globalization

Yves here. This is the second section of the GPENewdoc historical series on imperialism and capitalism. You can find Part 1 here. By Lynn Fries. Originally published at GPENewsdocs Prabhat Patnaik explains how the colonial system led to depression. Then, in advanced countries governments stepped in to increase demand and productivity, but how unless the […]

Imperialism Then and Now: Wealth, Unemployment and Insufficient Demand

Prabhat Patnaik on imperialism and capitalism: to accumulate wealth, somewhere demand must be suppressed to provide cheap inputs.

50th Anniversary of Powell Memorandum: Neoliberalism Has Wrecked Its Hosts

Commemorating a desructive anniversary, that of the Powell memo that set forth how big business would wage war against ordinary citizens.

Conspiracy Theories Aside, There Is Something Fishy About the Great Reset

The Great Reset is a planned corporate takeover of global governance that affects our food, our data and our vaccines.

Is Higher Education a Pyramid Scheme?

Published by Anonymous (not verified) on Wed, 18/08/2021 - 2:04pm in

Labor exploitation, higher education edition.

Michael M. Thomas, R.I.P

I am very much saddened by the death of Michael M. Thomas, from old money and high finance, and vocally unimpressed by them.

Why Economists Don’t Write More Papers on Political Finance

Published by Anonymous (not verified) on Sun, 15/08/2021 - 7:45pm in

Despite the commonly held views of economists on regulatory capture, our profession has been much more hesitant in recognising similar conflicts of interests that may exist in economics research.

Close to 50% of US Workers Can’t Afford to Rent One Bedroom Housing

Published by Anonymous (not verified) on Fri, 13/08/2021 - 7:20pm in

An update on the already desperate and worsening state of the market for renters in the US.

Why Elon Musk Isn’t Superman

Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business.

More Hospitals Nearing Breaking Point as Covid Spikes; Skrimping on Nurses’ Pay Made Bad Situation Worse

Published by Anonymous (not verified) on Wed, 11/08/2021 - 7:59pm in

Nurses get a lot of lip service, but not enough pay or respect, and that contrasted with Covid risks has led to many quitting.