Who will get hurt from the next stock market crash? Not just investors…

Summary: There is an exception to Saturday's post, which said that a stock market crash would have only minor economic effects on America. Just as an oil crash hurts oil producing regions, such as Texas, a stock market crash hurts areas that produce stock certificates. Printing this "paper" is the most profitable part of the … Continue reading Who will get hurt from the next stock market crash? Not just investors…

Techno-utopians keep us ignorant of the past so we cannot see the future

Summary: A new industrial revolution has begun. Knowledge of previous ones can guide us, preparing us for its likely dynamics and showing us the political actions necessary to distribute it's benefits. But the 1% are working against us, seeking to return us to the pre-New Deal era of inequality and profitable (for them) instability. Keeping … Continue reading Techno-utopians keep us ignorant of the past so we cannot see the future

One graph that says much about America, and our future: the growth in jobs vs. food stamp use

Summary:  Today we have a graphic that tells us much about both the recovery and the trends shaping the New America -- growth in food stamps vs. jobs.  What forces drive these contrasting trends, and how will they help reshape America? . Below we see the US recovery in one graphic, from the February 4 … Continue reading One graph that says much about America, and our future: the growth in jobs vs. food stamp use