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Class issues became central to the 2016 presidential campaign in ways that I can’t recall for any other election in my lifetime. And even now, during the post-election debate, the references to class remain widespread. It’s not that the discussion of class in relation to the election has been particularly interesting or revealing. Americans, especially political pundits, still […]

Themes of 2016

Posted: 6 January 2017 in Uncategorized

Looking back over the past year, here are the ten major themes I found in my blog posts: inequality critique of mainstream economics the U.S. presidential election, especially Bernie Sanders and Donald Trump class and surplus epistemology, especially uncertainty utopia working-class corporations and capital academy critique of liberalism We’ll see what happens in the current year. . […]

Cartoons of 2016

Posted: 5 January 2017 in Uncategorized
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From what I hear, many regular readers have come to expect their cartoon(s) of the day. The amazing thing is, I never run out (although, truth be told, I sometimes have to work a bit harder to find cartoons that have not already appeared on this blog). That’s because there are many amazing cartoonists out there, […]

The pollsters got it wrong again, just as they did with the Brexit vote and the Colombia peace vote. In each case, they incorrectly predicted one side would win—Hillary Clinton, Remain, and yes—and many of us were taken in by the apparent certainty of the results. I certainly was. In each case, I told family […]

The latest—and, in terms of the presidential campaign, last—jobs report was generally greeted with cheers. Here’s a representative example, from FiveThirtyEight’s Ben Casselman: It may be too late to affect Tuesday’s election, but the economy is finally delivering real wage growth to American workers. The average U.S. employee earned $25.92 an hour in October, the […]

May Day demonstrations are being held around the world—from France to South Korea. In the United States, Thousands are expected to rally. . .on Sunday for immigrant and worker rights and against what they see as hateful presidential campaign rhetoric. Events are planned in cities from New York to Los Angeles to call for better wages […]

Liberals are conducting a concerted campaign to criticize Bernie Sanders and to ridicule his supporters, arguing the only way to achieve change is to vote for the “moderate progressivism” of Hillary Clinton. I suspect the anti-Sanders rhetoric is being ramped up precisely because, according to one recent highly respected polling organization (Quinnipiac University), the democratic socialist senator has […]

As I argued a couple of days ago, recent events—such as Brexit, Donald Trump’s presidency, and the rise of Bernie Sanders and Jeremy Corbyn—have surprised many experts and shaken up the existing common sense. In short, they’ve rocked the neoliberal boat. The question is, where does this leave us? Thomas Edsall thinks it means we’ve […]

Mainstream economists and politicians have answers for everything. Lose your job? Well, that’s just globalization and technology at work. Not much that can be done about that. And if you still want a job? Then just move to where the jobs are—and make sure your children go to college in order to prepare themselves for […]

Apparently, “late capitalism” is the term that is being widely used to capture and make sense of the irrational and increasingly grotesque features of contemporary economy and society. There’s even a recent novel, A Young Man’s Guide to Late Capitalism, by Peter Mountford. A reader [ht: ra] wrote in wanting to know what I thought about the label, […]