Amid the economic crisis and precarious working conditions for millions of people during the pandemic, we look at a new book by Sarah Jaffe, an … Toxic U.S. Work CultureRead more
Economics
Posted inEconomics / Politics / ToMl
Class War Intensifies During the Pandemic
We will soon be a year into the Covid-19 pandemic. Are you rolling in new wealth? No? Too bad you are not a billionaire. With … Class War Intensifies During the PandemicRead more
Posted inCapitalism / Economics / ToMl / USA Empire
Interview with an Anonymous GameStop Investor
https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F0780eaa0-8719-41d5-a758-ca288d9356ce_684x1031.png Thursday, January 21st was a critical day in the story of the video game chain GameStop (ticker name: GME). Retail investors, including many subscribers … Interview with an Anonymous GameStop InvestorRead more
Posted inEconomics / Finance / ToMl / USA Empire
The GameStop Boom
Over the last week of January, it was hard to miss the headlines: “Reddit vs Wall Street,” “Reddit Sparks Wall Street Crisis,” “The Reddit Traders … The GameStop BoomRead more
Posted inCapitalism / Death / Economics / News / USA Empire
Billionaires Added $1.3 Trillion to Their Fortunes During Pandemic while 500,000 Americans dead
According to the new analysis by the Institute for Policy Studies (IPS) and Americans for Tax Fairness (ATF), America’s 664 billionaires now have a combined … Billionaires Added $1.3 Trillion to Their Fortunes During Pandemic while 500,000 Americans deadRead more
Posted inCapitalism / Economics / Tax / ToMl / USA Empire
The Average American Pays Tax on Over Half Their Wealth
Might the United States, home to the world’s wealthiest people, sometime soon sport a tax on wealth? Media outlets the nation over have begun speculating … The Average American Pays Tax on Over Half Their WealthRead more
Posted inEconomics / Inequality / ToMl
Covid-19 The Inequality Virus
Published by Oxfam International on January 25, 2021, this report discusses the Covid-19 pandemic’s impact on inequality in countries worldwide. The report notes that the … Covid-19 The Inequality VirusRead more
Posted inEconomics / ToMl / USA Empire
The Gamers’ Uprising Against Wall Street Has Deep Populist Roots
A short squeeze frenzy driven by a new generation of gamers captured financial headlines in recent weeks, centered on a struggling strip mall video game … The Gamers’ Uprising Against Wall Street Has Deep Populist RootsRead more
Posted inEconomics / Finance / ToMl
A free Central Bank account for all would be a good start for a revamped monetary system
Imagine that the Bank of England were to create a free bank account for everyone. Overnight, it would be far better placed to regulate the … A free Central Bank account for all would be a good start for a revamped monetary systemRead more
Posted inEconomics / Politics / ToMl / USA Empire
U.S. Job Losses and Pandemic Profiteers
January 25, 2021 Update: US billionaire wealth surpasses $1.1 trillion gain since mid-March, 2020 10 Months into Crisis, 660 Billionaires See Wealth Rise 40 percent … U.S. Job Losses and Pandemic ProfiteersRead more