Elon Musk, $50 billion, and Financialization – from production to extraction

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 was set by a Board … Continue reading

Video Post – the $47 Trillion Rip Off

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:

$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few more…..

I was already 31 years old when the rip-off of America began in 1979. I was busy, and the changes in American life were only occasionally to be noticed.  By the mid-1980s my management life started to feature the early … Continue reading

Sources of Poverty in the US – Matthew Desmond article – Updated

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