Yves here. This post on Brexit reminds me of Tom Ferguson’s district-by-district analysis of the special Senate election in 2010 after Ted Kennedy died, where the win by Republican Scott Brown meant the Democrats lost their filibuster-proof majority in the Senate, a fact the Obama Administration used for meeting the Republicans more than half way. […]
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By Jeff Bryant, a writing fellow and chief correspondent for Our Schools, a project of the Independent Media Institute. He is a communications consultant, freelance writer, advocacy journalist, and director of the Education Opportunity Network, a strategy and messaging center for progressive education policy. His award-winning commentary and reporting routinely appear in prominent online news […]
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Yves here. Wowsers, does Macron not know basic French history? The last time a ruler asked la toute France for its opinion about the problems of the day, the situation developed not necessarily to his advantage. From Wikipedia: The Cahiers de doléances (or simply Cahiers as they were often known) were the lists of grievances […]
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By Chris Becker. Originally published at MacroBusiness It’s always interesting to hear mega-capitalists complain about the very system that provides them opportunity to turn their talents into Scrooge McDuck size piles of cash. Furthermore, it’s usually the most successful that have the most liberal of views and Ray Dalio, head of hedge fund Bridgewater, has weighed […]
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By Rachel Bluth, Reporter for Kaiser Health News and Peggy Girshman Fellow. She was previously the lead political correspondent for the Annapolis Bureau of Capital News Service and has also written for the Maryland Reporter and the Prince George’s Sentinel. Originally published at Kaiser Health News Scrolling through the GoFundMe website reveals seemingly an endless […]
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Yves here. Of course, one then wonders how many of the other worker shortage stories are exaggerated. And remember that profits have been at record levels as a percentage of GDP, so the idea that most companies can’t pay more is spurious. By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and […]
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By Morten Wendelbo, Research Fellow, American University School of Public Affairs. Originally published at The Conversation With the U.S. federal government shutdown now the longest in history, it’s important to understand what a shutdown means for the health and safety of Americans. The good news is that in the short run, the consequences are relatively […]
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This Real News Network segment sets forth the most common arguments against increasing the minimum wage to $15 an hour, or alternatively, a living wage level, and shows why they don’t hold up to scrutiny. A decent minimum wage is even more important when the supposedly robust US economy is increasingly creating McJobs. JAISAL NOOR: […]
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By David Campbell, Associate Professor of Public Administration, Binghamton University, State University of New York. Originally published at The Conversation Billionaires made some eye-popping donations in 2018. Amazon founder Jeff Bezos announced plans to spend US$2 billion to help the homeless and create a network of free preschools. Media mogul and former New York City […]
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Yves here. I know Warren is deemed to be progressive by American standards, but I recall clearly when I first say her speak at a Roosevelt Institute conference, Let Markets Be Markets, which was a title I found to be unhelpful, since it suggested that markets would exist in a state of nature and just […]
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By Thomas Neuburger (aka Gaius) Originally published at DownWithTyranny! BREAKING: Gov. Jay Inslee to offer pardons for thousands with misdemeanor pot convictions https://t.co/EesejA88hz via @seattletimes — Jim Brunner (@Jim_Brunner) January 4, 2019 As we gear up for the full blast of the next new year, I want to offer a selection of items for your […]
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This post was first published on December 12, 2011 By Andrew Dittmer, who recently finished his PhD in mathematics at Harvard and is currently continuing work on his thesis topic. He also taught mathematics at a local elementary school. Andrew enjoys explaining the recent history of the financial sector to a popular audience. Many readers wrote in warm […]
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This post was first published on December 6, 2018 By Andrew Dittmer, who recently finished his PhD in mathematics at Harvard and is currently continuing work on his thesis topic. He also taught mathematics at a local elementary school. Andrew enjoys explaining the recent history of the financial sector to a popular audience. Simulposted at The Distributist Review […]
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By Juan C. Palomino, Research Officer, Institute for New Economic Thinking, University of Oxford; Gustavo A. Marrero, Professor of Economics and Director, Research Center of Social Inequality and Governance (CEDESOG), University of La Laguna; and Juan Gabriel Rodríguez, Professor of Economics, Universidad Complutense de Madrid. Originally published at VoxEU The American Dream is grounded in […]
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This post was first published on December 5, 2011 By Andrew Dittmer, who recently finished his PhD in mathematics at Harvard and is currently continuing work on his thesis topic. He also taught mathematics at a local elementary school. Andrew enjoys explaining the recent history of the financial sector to a popular audience. Simulposted at The Distributist Review […]
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This post was first published on December 2, 2011 By Andrew Dittmer, who recently finished his PhD in mathematics at Harvard and is currently continuing work on his thesis topic. He also taught mathematics at a local elementary school. Andrew enjoys explaining the recent history of the financial sector to a popular audience. Simulposted at The Distributist Review […]
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Lambert here: Andrew’s dead-pan voice and genre-bending technique seem to perplexed some readers. “Journey into a Libertarian Future” is not a genuine interview, although it is cast in the form of an interview. The interviewee, “Code Name Cain,” is fictional, but also a proxy for the libertarian thought leader, Hans Hoppe, whose words Andrew “puts […]
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Yves here. While Dorman offers an interesting theory as to how neoliberalism gained traction, I don’t see it as explaining as much as Dorman thinks it does. His discussion does not acknowledge that a well-funded effort to turn the country right was underway well before the severe recession of the early-mid 1970s. The key players […]
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Lambert here: It could be there’s a lesson here about selection criteria for Presidents in “our democracy.” Edward Wolff, Professor of Economics, New York University. Originally published at VoxEU. Unlike income inequality, wealth inequality along racial lines in the US has received relatively little attention. This column presents new evidence on the changing landscape of […]
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Originally published at Michael Hudson’s website This is Guns and Butter, October 8, 2018. The aim of classical economics was to tax unearned income, not wages and profits. The tax burden was to fall on the landlord class first and foremost, then on monopolists and bankers. The result was to be a circular flow in […]
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