This video from 1Dime is a very good introduction to the actual workings of money in the economy. Though for my tastes, the video is burdened with way too many gratuitous visual gimmicks and fluffery, it is very well researched … Continue reading
Only the oldest amongst my readers will remember Edward R. Murrow’s 1960 CBS TV report Harvest of Shame (opens CBS channel on YouTube) that reported on migrant farm workers, including scenes from upstate NY and Long Island. Unfortunately, not a lot … Continue reading
Reich is offering an online course, “Wealth & Poverty”, that started today. I watched the first lecture, “What Happened to Income and Wealth?” Looks like this will be worth some ongoing effort. I suggest being ready at the fast forward … Continue reading
Original posting – 3.6.2023 Matthew Desmond, author of Evicted: Poverty and Profit in the American City[note]Matthew Desmond, Evicted: Poverty and Profit in the American City (Penguin Books, 2016)[/note], has a new book Poverty, by America set to be released shortly. … Continue reading
Financialization is an awful word. It sounds clumsy in the mouth and refers to a process that has been underway for over 40 years but is nearly unknown to most of us. Before we get to Norfolk Southern, the railroad … Continue reading
If you are struggling to get your head around how racism works you will probably find it helpful to have a general framework as a guide. This one hour lecture from 2017 features an overview by Brown University Professor Tricia … Continue reading
Essay explores the grim reality of life in one small corner of America within the broader landscape of the bottom 90%. Continue reading
The Visual Capitalist added another graphic example of the increasing concentration, monopolization, of markets, in this case for groceries. Even here in Hudson NY we can see the impact of Walmart locally. Two years ago we had three large supermarkets … Continue reading