Workers’ Wages Rebound From Pandemics But Not For Blacks

By Sarafina Wright, The Washington Informer. -

While wages for many Americans have rebounded to pre-pandemic levels, earnings for Black workers declined in the first quarter of 2021, growing the wage gap to its highest level since before the [...]

US First Quarter GDP: Recovery Or Just Another Rebound?

This past week the US Commerce Department released its early estimates for US GDP for the 1st Quarter 2021, January through March. If we are to believe the numbers, the US economy grew a [...]

Increasing Desperation As The US Capitalist System Declines

By Richard D. Wolff, Counterpunch. -

Like all previous economic systems in recorded history, capitalism is on track to repeat the same three-step trip: birth, evolution, and death. The timing and other specifics of each system’s [...]

Massive Protests In Beirut Over Rapidly Declining Living Conditions

By People's Dispatch. -

Scores of ordinary Lebanese citizens participated in a massive protest demonstration in the Lebanese capital, Beirut on Sunday, March 28, 2021 to express their disapproval and anger over the [...]

Polarization, Then A Crash: Michael Hudson On The Rentier Economy

By Lynn Fries, Global Political Economy. -

I'm delighted to have Michael Hudson join us today. He'll be discussing how under a neoliberal shift from industrial to finance capitalism, today's most pressing economic conflict is not simply [...]

Capitalism’s Worst Nightmare

By Richard Wolff, Democracy at Work. -

On this week's show, Prof. Wolff explores what major social changes will flow from today's combination of major economic crash and the viral pandemic (capitalism's worst nightmare). To answer, we [...]