Political Economy category archive
Devolution 0
Aside:
Not that I have ever been fan of “Reagonomics.” Reagan’s embrace of the Laffable Curve, aka “Trickle-On Economics,” has done much to contribute to the erosion of the middle class, but, as regards tariffs, he got it right.
This New GIlded Age 0
At the Idaho State Journal, Kim Shinkoskey follows the money.
This New Gilded Age 0
In 1964, President Lyndon Johnson declared a war on poverty.
At the Colorado Sun, Mike Littwin makes a strong case that now, over six decades later, the Trump maladministration has decided to make poverty great again surrender.
This New Gilded Age 0
In a longer article about the Trump maladministration’s attempts to destroy the Digital Equity Act, a Techdirt reporter makes what methinks a trenchant observation (emphasis added):
I commend the entire piece to your attention.
This New Gilded Age 0
Sam talks with Megan Greenwell, author of Bad Company: Private Equity and the Death of the American Dream, about how private equity firms are gutting the American dream for personal gain.
Afterthought:
They go into detail about what happened to Toys ‘R Us.
This New Gilded Age 0
Via Truthout, Sarah Anderson runs the numbers. Here’s just one number:
The gap between CEO compensation and median worker pay at Starbucks hit 6,666 to 1 last year.
In other words, to make as much money as their CEO made in 2024, typical baristas would’ve had to start brewing macchiatos around the time humans first invented the wheel.
More numbers at the link.









