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 […]
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 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, […]
This week’s fraud trial appearances by the Trump boys, Don, Jr. and Eric, Executive VP and Executive VP of Development and Acquisitions respectively in the Trump Organization, caused me to reflect on the duties of […]
Google turns 25 today. It has a surprisingly benign public image. Google describes its mission as: “Our mission is to organize the world’s information and make it universally accessible and useful.” Forgotten or ignored is […]
A video version of the earlier post, “$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few more…..” is available on YouTube:
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