Ukraine Issue Epitomises All that is Wrong with Globalization.
The current conflict in the Ukraine is mostly about opening up the Ukrainian economy to foreign capital through free trade agreements that eliminate tariffs and cost domestic jobs, subject workers to...
View ArticleGreek Tragedy Awaits Ukraine in EU Trade Deal.
Anwar Shaikh, an economist now teaching at the New School for Social Research in New York City, summed up the problem of core/periphery trade relations and the inevitable imbalances that result from...
View ArticleAn Especially Odious Hate Crime; And They Saw This One Coming!
The fatal shooting of three people in front of a Jewish Community Center in Overland Park, Kansas was extremely odious and sickening, mostly because any fool could have seen this coming a mile away!...
View ArticleGOP Should Stand For Greedy Old Plutocrats! Ryan Budget an Outrage!
Once again, Paul Ryan has put forth a budget that not only gets 69% of the spending cuts from the poorest and most vulnerable sectors of the population but that seriously goes after senior citizens by...
View ArticleSo How Are Things Going in Iraq These Days?
Frank R. Gunther, an economics professor and retired US marine who spent two years in Iraq as an economic advisor to the government, doesn't believe that the long term impact of the US invasion and...
View ArticleWe Need Another Round of Fiscal Stimulus if Employment is to Continue to Grow.
The job numbers for March of this year were somewhat impressive; 192,000 was somewhat above the monthly average of around 175,000 since the start of four straight years of uninterrupted job growth from...
View ArticleFinancialization: The Highest Stage of Capitalism.
The current phase of American capitalism's chronic stagnation has entered a phase of what many call "financialization" or the growth in the dominance of the financial sector of the economy. More than...
View ArticleApartheid is a Form of Terrorism Too: Israel Must Restart Peace Talks with...
The recent statement by John Kerry regarding the danger of Israel slipping into being an apartheid state was roundly condemned by many Jewish groups and elected officials. But Kerry was right. The...
View ArticleAusterity Mongers Get Set for Renewed Attacks this Year
The current recovery is seriously being threatened once again by what economist Paul Krugman calls "the deficit hawks." They advocate austerity with tired old arguments that have been shown time and...
View ArticleIs There An Irreversible Crisis of Capitalism?
Everyone from pundits and politicians to experts and laypersons are wondering aloud about a long term crisis of our capitalist system since the Great Recession (2007-09) and the crash of 2008 that...
View ArticleDo Corporate Income Taxes Really Get Passed On To Consumers? Another...
One way in which the conservatives rally support for their efforts to reduce or even eliminate federal corporate income taxation is to appeal to populist sensibilities by erroneously claiming that...
View ArticleWhy We Need to Defend the Social Safety Net.
Now that Rand Paul is considered by some to be the frontrunner for the 2016 Republican nomination, expect to hear a barrage of libertarian nonsense about "entitlements" and how no one has any right to...
View ArticleShould Anti-Semitism Be Considered Racism?
In a recent work by David Nirenberg, Was there Race before Modernity? The Example of Jewish Blood in Late Medieval Spain. he attempts to sort out the nature of racism and its true modern roots by...
View ArticleTellin' it Like it is! Thomas Piketty and Capitalism's Long History.
Anyone who has been paying attention over the past three decades knows that the developing big story, which is now up front and center and unavoidable as a topic of discussion, is the growing...
View ArticleImmigration Reform and the Roots of the Current Crisis.
The immigration debate has recently been given a boost by the images of thousands of young children, some only infants in their mothers' arms, being stalled at the border in the blazing sun with no...
View ArticleDebtor's Prison: A New Reality?
Making the case that American capitalism oppresses the white middle class was a tough sell back when I was a wee lad. For one thing, the thirty five percent of the American workforce that belonged to a...
View ArticleGaza: The Scourging of a Nation.
I just finished watching an online clip of CNN's reporting on the Israeli rocket attack on the UNRWA shelter in the town of Beit Hanoun in the very northeast corner of the Gaza Strip. About 17 people...
View ArticleNow Even Wall Street Tells Us What We've Always Known: Inequality is Also Bad...
Sometimes political wisdom comes from unlikely places. And sometimes it comes from the least expected places. It is at these very times when we best take heed! Who would have ever thought that a study...
View ArticleThe Real Reason Deficits Don't Matter!
The dull topic of deficits and fiscal policy are no where near as compelling and interesting at the moment when compared with all the other topics at hand such as the current civil unrest in Ferguson,...
View ArticleThe Industrialization of American Agriculture and the Proletarianization of...
A 2013 USDA report on US agriculture on average farm acreage dedicated to field crops had this to say;The midpoint acreage for U.S. cropland nearly doubled between 1982 and 2007, from 589 acres to...
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