Serendipity plays such a starring role in our lives that we never stop to ask ourselves whether we ought to accept it. A random event, especially one that turns out to be your "big break," becomes a charming story — even though, really, such happenstance is an indictment of a system that is no system... Read More

[Research by Edwin S. Rubenstein] A funny thing happened to the usual cheerleading that greeted the June job report [U.S. Economy Added 372,000 Jobs in June, Defying Slowdown Fears, by Lydia DePillis, NYT, July 8, 2022]. In fact several funny things: a continued Biden Rush at the southern border; record inflation numbers; and (despite the... Read More

For more a quarter century I have been explaining that America is not losing jobs to foreign competition but to our own corporations moving the work abroad in order to lower their labor costs and raise capital gains and bonuses for owners and executives. My most recent explanation was May 14 ( ). It only... Read More

An Interview with Michael Hudson for Counterpunch By STANDARD SCHAEFER During the boom of the 1990s, neoliberal economists and the financial press promoted the the high tech revolution for its ability to reduce production costs. As long as government did not interfere with markets, technology would lead to an improvement in the quality of life.... Read More