We have argued here repeatedly that the US healthcare system is not about healthcare all. No one anywhere here gets paid for keeping you healthy. The system is designed from top to bottom to produce as many prescriptions, tests and procedures as possible. And the prices for these are completely —>> read more –>>

NYTimes reports that one-time bonuses are the preferred pay strategy vs pay raises.Mysteriously the Times leaves out the role of unions and the long-term fall in unionization rates in the private sector in the US. —>> read more –>>

These corporate giants are “disrupting” healthcare or so the headlines say. Despite the media flurry we should not expect much. The structure of US healthcare defies little nibbles at the periphery. As noted many times here, we need to look to our developed country competitors for their proven approaches to how to set up a world-class healthcare system at world standard costs. —>> read more –>>

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. —>> read more –>>

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. —>> read more –>>

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 —>> read more –>>

Reich’s latest cartoon does a good job of describing the changes in the US economy, weaker on the underlying political campaign by the rich and corporations to restructure the economy to their benefit. Worth the 6 minute viewing time. —>> read more –>>

At a time when the Republicans are transferring income and wealth to the rich and corporations over 40 million Americans fall below the official poverty line. —>> read more –>>

Republicans Create Bigger Deficits Then Blame The Entitled Poor. Cuts to social programs coming to fix the Republican created deficit problem. —>> read more –>>

The miracle of the automatic self-regulating market in action. During the 1930s over-production of cotton chronically ran over by 50% and more. Since cotton is a durable product all of these years of over production just swelled the mountains of cotton sitting in warehouse waiting for demand. In 1933 the cotton stored in warehouses equaled the entire world demand. —>> read more –>>