In 2012 a conference was held on Thorstein Veblen in Istanbul. It was sponsored by a socialist labor union, the Chamber of Electrical Engineers. We … Rentier CapitalismRead more
Economics
Posted inEconomics / ToMl / USA Empire / Worker
1937: When Canadian and US autoworkers fought together
More than 20,000 Canadian autoworkers at Ford, GM, and Chrysler are currently engaged in a bitter struggle to defend their jobs and working conditions as … 1937: When Canadian and US autoworkers fought togetherRead more
Posted inEconomics / Racism / ToMl
Here’s What Economists Don’t Understand About Race
As an undergraduate at Brown University in the 1970s, William Darity, Jr. expected to learn the reasons behind the inequality he’d seen all around him … Here’s What Economists Don’t Understand About RaceRead more
Posted inEconomics / Prison / ToMl / USA Empire
The true cost of the American gulag: $1 trillion a year
A new report from Washington University in St. Louis, Missouri details the social and economic cost of imprisoning 2 million people in the United States. … The true cost of the American gulag: $1 trillion a yearRead more
Posted inEconomics / Inequality / ToMl
Is Inequality Really Good for the Economy?
To paraphrase Mark Twain, everyone complains about inequality, but nobody does anything about it. What they do is to use “inequality” as a takeoff point … Is Inequality Really Good for the Economy?Read more
Posted inEconomics / ToMl
Three Massive Mergers
You probably learned in high school that monopolies are bad for consumers; they eliminate the field of competition in the marketplace, leaving people with fewer … Three Massive MergersRead more
Posted inEconomics / ToMl
The Contradictions of Finance
Like much else in economies, finance both enhances the economy’s growth and development and undermines it. The balance between these contradictory effects depends on all … The Contradictions of FinanceRead more
Posted inEconomics / Politics / ToMl / USA Empire
Hacked Emails Prove Coordination Between Clinton Campaign and Super PACs
The fact that political candidates are closely coordinating with friendly Super PACs — making a mockery of a central tenet of the Supreme Court’s 2010 … Hacked Emails Prove Coordination Between Clinton Campaign and Super PACsRead more