American Compass is a self-described think tank for conservative economics. From its Mission Statement page: “We are developing the conservative economic agenda to supplant blind faith in free markets with a focus on workers, their […]
For the period between the end of WWII and 1979 there was productivity growth of ~ 55%. That means that for an hour’s work, the economic value grew by 55%. Over that period, workers’ wages […]
A key part of the description of capitalism in orthodox (neoclassical) economics, and our political rhetoric, is the role competition between companies plays in keeping the automatic self-regulation of markets humming for the most efficient […]
In the fall of 2011, a large group of protestors occupied areas around Wall St. in NYC for six weeks under the banner of “We are the 99%” At the same time, there were protests […]
Neoliberalism is the word most frequently used by commentators and academics when discussing the changes in the US economy over the past 50 years. For most people, this is a completely useless term. Are we […]
Much is made here and elsewhere of the extreme concentration of wealth in the top 1% of the world’s population (63 million people) and perhaps most excessively in the top 0.1%. Now, we must also […]
The introduction to the book has been substantially revised to make it clear that the book is examining the changes in American life over the past fifty years. Read the new Introduction here.
October 2024 The US Congressional Budget Office has updated it findings on wealth inequality. Since 1989 the top 10%’s share of wealth has increased from 56.5% to 60.1% in 2022. As usual the top 1% […]
The rich and corporations are on a path to set a new record for the amount of money spent in Washington on lobbying. The total spending for 2024 is poredicted to reach $4.2 billion. No […]
Uncovering Capitalism – the actual Workings (forthcoming) includes a brief case study of the impacts of private equity strategies on this hospital chain, “A Brief Private Equity Case Study from Healthcare” in Chapter 6. Using […]
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