Trickle Down Economics
The empirical evidence is just not there for the ‘trickle-down’ theory or the Laffer curve.
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Life Expectancy and Human Development in the 21st Century
If we accept that life expectancy is a good measure of human development, the latest data are revealing: Life expectancy fell in the U.S. in 2021 to its lowest since 1996, mainly due to COVID-19 deaths. In contrast, life expectancy China throughout the COVID pandemic!
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The Future of Work
Three-part article on the future of work since the pandemic slump: Remote Working; Working Long and Hard; and Automation.
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China | Economy | Online Blog
Is China Headed for a Crash?
Once again, Western ‘experts’ are predicting a financial crash in China. How much truth is there in this latest batch of critiques on China’s economic progress?
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Imperialism and Super Exploitation
A review of John Smith’s Imperialism in the 21st Century. This “powerful and searing indictment of the exploitation of billions of people,” argues that “the huge low wage proletariat that has emerged in the last 30 years is the key to the profits of imperialism.”
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World Inequality
The world has become more unequal in income and wealth in the last 40 years. That’s according to the World Inequality Report 2022. According to the WIR, the richest 10% of adults in the world own around 60-80% of wealth, while the poorest half have less than 5%.
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China: Not so Evergrande
An analysis of the consequences of the Evergrande crisis and Chinese debt.
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COVID 2021: More Calamity Ahead?
The pandemic infection rate shows no sign of even slowing. In the North, employment levels are still down and real incomes are set to fall, especially for the lower paid. For the billions in the South, the spectre of poverty, illness and exploitation will be realised.
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Capitalism | Online Blog | USA
The US Economy – Some Facts
As we await the result of the US presidential election, here are some facts about the US economy within a world context.
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A Prize Auction
In a world where environmental degradation is threatening to destroy the planet and there is a world economic slump not seen since the 1930s, the Nobel Prize givers recognise the work of two economists on how to make the auctions of commodities, land and services more efficient.
