Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding … Survival of the RichestRead more
Economics
Posted inEconomics / ToMl / Worker
The Problem Isn’t Robots Taking Our Jobs. It’s Oligarchs Taking Our Power
Each week workers are confronted with yet another article touting the threat of technology wiping out their jobs. A recent “60 Minutes” segment featured venture … The Problem Isn’t Robots Taking Our Jobs. It’s Oligarchs Taking Our PowerRead more
Posted inEconomics / ToMl
Does Economics Deserve a Nobel Prize?
(And. by the way, does Samuelson deserve one?) In Commonweal, Vol. 93 (Dec. 18, 1970) pp. 296-98 It is bad enough that the field of … Does Economics Deserve a Nobel Prize?Read more
Posted inEconomics / Multimedia
Margaret Thatcher and Tony Blair are responsible for London Grenfell Inferno
William Black
Posted inDigital / Economics / ToMl
The data of money
The international bank transfer system, SWIFT, is a form of contemporary digital colonialism and surveillance capitalism as it is run by US firms and provides … The data of moneyRead more
Posted inEconomics / ToMl
QE Forever: The Fed’s Dramatic About-face
“Quantitative easing” was supposed to be an emergency measure. The Federal Reserve “eased” shrinkage in the money supply due to the 2008-09 credit crisis by … QE Forever: The Fed’s Dramatic About-faceRead more
Posted inEconomics / Tax / ToMl
World’s biggest monopolist pays negative taxes
https://i1.wp.com/www.taxjustice.net/wp-content/uploads/2019/02/Amazon-tax.jpeg?resize=1024%2C800&ssl=1 According to an analysis by the Institute for Taxation and Economic Policy (ITEP,) a leading US tax justice group, Amazon got a $129 million … World’s biggest monopolist pays negative taxesRead more
Posted inEconomics / ToMl
Mutual Aid vs Moral Hazard
How the Bronze Age saved itself from debt serfdom There has been an explosion of discussion about whether to cancel student debts. Critics of the … Mutual Aid vs Moral HazardRead more
Posted inEconomics / ToMl
The $22 Trillion National Debt
Steven Rattner’s opinion piece in the New York Times and Furman’s interview on National Public Radio are perfect examples of the ideas that MMT want … The $22 Trillion National DebtRead more
Posted inEconomics / ToMl
Lessons from Babylonia for Today’s Student Crisis
Today, the wealthy depict inequality in glowing colors as a byproduct of economies pulling ahead, “creating wealth” by innovations that add to prosperity. This view … Lessons from Babylonia for Today’s Student CrisisRead more