Poverty

How Trump brought us 11.1% Unemployment, lost Manufacturing Jobs, worsened Trade Deficits and Kowtowed to China

Ann Arbor (Informed Comment) – Trump supporters often acknowledge that Trump’s personal style puts them off, but that they like his economic program. They agree that the trade deficit with China is too high and that the US should not let its manufacturing sector dwindle. The problem is that Trump’s rhetoric on those issues, like […]

Inequality

The Triumph of Monopoly Capitalism is Hurting American Workers’ Life Expectancy

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – As summer comes to an end the economic news is strangely bipolar. Business Insider reported that From March to June 2020, Amazon founder Jeff Bezos saw his wealth rise by an estimated $48 billion.. The journal might also have added that 40 million workers had filed for […]

Inequality

Super-Rich making out like Bandits in Pandemic is an Argument for Basic Wealth Tax

Inequality.org

By Lee Price and Bob Lord | – ( Inequality.org) – Changes in tax policy since 1980 have been driving U.S. inequality to levels not seen since the original Gilded Age. Reversing that trajectory — and restoring a more egalitarian society — will require a complete overhaul of the changes in tax policy we’ve seen […]

Climate Crisis

OK, Boomers: Will the America we die in be unprecedentedly Hot, Racist, Unequal, Sickly and Authoritarian?

Tom Engelhardt

( Tomdispatch.com ) – Let me be blunt. This wasn’t the world I imagined for my denouement. Not faintly. Of course, I can’t claim I ever really imagined such a place. Who, in their youth, considers their death and the world that might accompany it, the one you might leave behind for younger generations? I’m […]

Employment

Will Beirut’s Port Explosion and Economic Crisis Spur Mass Migration from Lebanon?

The Conversation

By Hannes Baumann | – The explosion that tore through Beirut on Tuesday August 4 was so strong that shockwaves were felt on the island of Cyprus, over 200 kilometres away. At least 135 people were killed and 5,000 injured in the blast. Such devastation would be difficult to deal with at the best of […]

Donald Trump

American Nervous Breakdown: Super-Spreader Trump and His Deranged Cult Infect Us All with their Toxic Lunacy

Dan Dinello

Chicago (Special to Informed Comment) – While the plague rages, the economy crashes, and millions of jobless Americans just lost unemployment benefits, President Trump and his slavish cult descend further into madness. Their mental aberrations are acted out as reactionary behavior that embraces racism, fascism, the confederacy, and a delusionary denial of the pandemic. As […]

Inequality

Defund the Bloated U.S. Military

contributors

By Eric Stoner | – ( The Progressive) – The bold call by Black Lives Matter activists to defund police has profoundly reshaped the national conversation, but it is only the start of the movement’s sweeping vision for public safety. To reduce our reliance on policing and prisons, racial justice leaders are urging that resources […]

Employment

The 1%’s attack on Unemployment Benefits is a Sign of our Broken Democracy

Inequality.org

By Adam Shah | – ( Inequality.org ) – Members of the One Percent, such as former restaurateur Andrew Puzder, have urged Congress to not renew the $600 a week unemployment supplement Congress enacted as part of the CARES Act. They argue, in Puzder’s words, that “this $600 per week bonus is discouraging work” for […]

Donald Trump

How Trump broke America: Economy plummets historic 33%, Covid Deaths at 1500/ day, and 40 mn could lose Homes

Juan Cole

Ann Arbor (Informed Comment) – Trump’s refusal last winter to pull out all the stops to mount an effective national coronavirus response has broken the legs of America. On Wednesday, over 1500 coronavirus deaths were reported nationwide, a tally not seen since May. Over 150,000 Americans have died of the disease, and the prospect is […]