A Different View of Krugman’s Data
Paul Krugman wrote a recent post, Is the Sleeping Giant Awakening about the EU. It inlcuded this chart showing the relative sizes of the economies […]
Inequality
An Update: the $79 Trillion Heist
The scale of income transfers from the bottom 90% to the top 10% over the past 50 years just got larger! I have written at […]
The Need for Class Warfare
The media, including here at Substack, has been filled with bleatings about the Democratic Party’s whipping at the hands of Trump and his billionaires. There […]
Insecurities for the Bottom 90% of the US Population – part 1
We have written at some length about the flatlining of income growth for the bottom 90% of the population since 1980 and the transfer […]
What is financialization and why does it matter? – part 3
Changes in Economic Policy and Regulation In two earlier posts, “What is financialization and why does it matter? – part 1” and “What is financialization […]
What is financialization and why does it matter? – part 1
Financialization is one of the most important drivers of changes in the last 50 years in American capitalism, and consequently in our society. As noted […]
What to do about the past 50 years of American life – policy suggestions
A reader of my recent post, “Bernie Sanders got much right about our current situation….” commented: “Thank you Mark for validating what we know to […]
Bernie Sanders got much right about our current situation….
Bernie Sanders, Senator from VT, sent out an email yesterday. The subject line contained one word, “Oligarchy”. So, I read it. There is much truth […]
Billionaires literally buying up Washington DC
Now that the billionaire class has installed their President and seized many posts in the Trump cabal, they are fighting over a limited supply of […]