The destruction of the middle class

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More Giveaways to Capitalist Finance? It’s High Time To Change the Objective

Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.

Delayed Second Stimulus Already Leading to Cuts in Grocery Store Spending

Published by Anonymous (not verified) on Fri, 28/08/2020 - 8:54pm in

Hunger is on the rise. Grocery store operators see weaker spending now that the $600/week unemployment supplements are gone.

Tom Ferguson: Biden Blurring Almost Everything

Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal

‘Threadbare’ US System Denounced as Study Shows 12 Million Lost Employer-Tied Health Care During Pandemic

New data on how many lost their health insurance, which often means health care, due to Covid. And the numbers are not getting better soon.

Emergency Situation: The Slow-Moving Tragedy of the Russian Arctic

Published by Anonymous (not verified) on Thu, 27/08/2020 - 8:54pm in

The Russian version of America's flyover has it pretty bad: declining industries and environmental stress.

Something Remarkable Just Happened This August: How the Pandemic Has Sped Up the Passage to Postcapitalism

Published by Anonymous (not verified) on Sat, 22/08/2020 - 6:20pm in

Yanis Varioufakis discusses the emerging shape of postcapitalism.

Looting, American Style: CEOs Get Big Pre-Bankruptcy Bonuses Even When Lenders and Employees Stiffed

Published by Anonymous (not verified) on Fri, 21/08/2020 - 4:43pm in

Failed CEOs succeed in looting their companies on the verge of bankruptcy filings.

Fiscal Austerity and the Rise of the Nazis

Local economic data and election results in Weimar Germany shows that more acute austerity led to more Nazi support.

Fed Economists Finger Monopoly Concentration as Underlying Driver of Neoliberal Economic Restructuring; Barry Lynn in Harpers and Fortnite Lawsuit Put Hot Light on Tech Monopoly Power

Some good work on monopoly is marred by the bizarre inclusion of Uber. Its predatory pricing is the result of deep pockets and ideology, not potential market power.

As Courts Re-Open, Britain’s Renters Must Confront the Power of Landlords

Renters and landlords need to come to terms in the Covid-19 new normal. But it's not shaping up to be pretty.

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