The destruction of the middle class

Error message

Deprecated function: The each() function is deprecated. This message will be suppressed on further calls in _menu_load_objects() (line 579 of /var/www/drupal-7.x/includes/

How NAFTA Lost Democrats the South

Published by Anonymous (not verified) on Thu, 17/09/2020 - 11:55pm in

How the New Democrats' trade deals fractured the multi-racial coalition that Martin Luther King had helped forge in the South.

Wolf Richter: Unemployment Crisis Going in Wrong Direction: Week 25 of U.S. Labor Market Collapse

Unemployment claims continue to increase, with nearly 20% collecting unemployment insurance. even according to the stringent claims criteria.

America’s Dire Inequality Demands a New Conceptual Framework. This Economist Has One.

Lance Taylor explains that wage repression — far more than monopoly power, offshoring or technological change — is driving rising inequality.

Regressive Taxation Must Be Reversed

Published by Anonymous (not verified) on Wed, 09/09/2020 - 11:55pm in

Discussing taxation proposals by inequality mavens Emanuel Saez and Gabriel Zucman.

How Warming Will Widen the Italy North-South Economic Gap

Published by Anonymous (not verified) on Wed, 09/09/2020 - 6:51pm in

In Italy and elsewhere around the globe, climate change will worsen existing inequalities, researchers say.

History Gives Reason to Hope That We Can Beat Inequality

Published by Anonymous (not verified) on Tue, 08/09/2020 - 7:33pm in

Not surprisingly, fighting inequality has always been an uphill battle, but history gives some insight on tactics.

‘The Situation Is Dire’: As Trump Takes Victory Lap, New Jobs Report Reveals Alarming Surge in Permanent Unemployment

Published by Anonymous (not verified) on Sun, 06/09/2020 - 8:50pm in

As we cruise into Labor Day, the state of permanent U.S. unemployment is dire; and with no end in sight to the pandemic, will only worsen.

Are Riots Counterproductive, and Who Decides?

Published by Anonymous (not verified) on Wed, 02/09/2020 - 11:55pm in

Riots and street violence are often blamed for producing a political backlash, but the real picture is more complex.

Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy

The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.