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 […]
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 […]
Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package Is Voided by Judge. The court found that the compensation […]
Its the time of year for summations, usually for just the previous year. My selection of charts explains much of the past 45 years for the rich, middle-class, and poor in America. The Great Divide […]
Last year, at about this time, I tapped away at the list below. In recent days I returned to the question of a new Siege of Angers. I came up with little new and found […]
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, […]
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