Category: economy

The Monopolization of America

Adam Smith discussed the harms caused by monopolies in the frequently, ritualistically cited book, The Wealth of Nations. The progressive politics of the end of the 19th century and into the beginning of the 20th was marked by a deep reaction to the monopolistic practices of large companies then. This led to the ant-trust legislation…

Structure of Jobs Is Changing Rapidly – Political System Failing to Address Issue

Shifts to contract work, losses in jobs due to automation and robots, growth in poorly paid occupations, low participation rates, healthcare and retirement tied to full-time jobs, and extremely unequal gains in income for the top 10% characterize jobs in our economy. Something radical needs to be done. Republicans are trickling, Democrats cautious, neither addresses the big changes underway.

Recently Noted – the future of bitcoin and blockchain technologies – UPDATED

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UPDATE: IBM does blockchain….Cryptocurrencies and blockchain technologies are subject to the same control by the rich and corporations as our existing financial and business sectors. These technologies are embedded in the socio-economic structures of capitalism. Concentrations of power dominate the existing capitalist world and they will dominate these new “disruptive” technology entrants.

A Note on Jobs & Unemployment – revised

US manufacturing out vs employment 1947 - 2011

A Note on Jobs & Unemployment Original publication date – 12/27/2016; Revised – 12/31/2017 As the presidential campaign of 2016 fades away and the Trump Era begins, we find a national scene without any real discussion of the facts of jobs and unemployment and what the future might bring. Trump and others talk about bringing…

US Corporate Taxes Higher Than Rest of World?

We are hearing from Republicans that American corporate tax rates are the highest in the world. The tax rate on the books is in fact higher than most. But, the amount of taxes paid by American corporations is not. It is inline with other wealthy countries.