Over 50% of the profits from recent oil supply shocks went to the top 1% of Americans. The bottom half received just 1%. The Iran war likely triggered another massive transfer to the very richest.
Reader Comments: Summit; Butter (and Schools), Not Guns (and Warfare); Reflecting Pool; Strait of Hormuz; After New Evidence of DOJ Misconduct, Mahmoud Khalil Calls on Board of Immigration Appeals to Terminate Case; Cartoons and more....
A new book defends a Marxist theory of the origins of capitalism. Along the way it shows why understanding the transition from feudalism can help us make sense of the present.
The Industrial Revolution's chief product was not goods, but a new class of laborers who owned nothing and worked to survive. Historian Peter Linebaugh traces the creation of this working class through the violent enclosure of the commons they once r
America’s current credit rating masks a fatal contradiction, and a downgrade is the only honest assessment of an empire in decline. The expanding war in Iran and the subsequent crisis in the Strait of Hormuz have fractured global energy supply chain
Reader Comments: El Show de Super Bowl - Most Viewed Ever - MAGA Loses Super Bowl; Supreme Court Rejects Appeal — Melania’s Next Move Was AI - Portside Error; What We Can Learn From Picasso’s Guernica; The “SAVE Our Dictatorship” Act; Announcements
The Federal Reserve has quietly delivered nearly half a trillion dollars to Wall Street with few strings attached over the past few months. These cash infusions could signal instability in the broader financial sector.
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