Summary: The class war heats up as cities and states raise their minimum wages and long-ignored labor laws are revived (e.g., over-time). While effective in the short-term, is this an effective response to the new industrial revolution — or a counter-productive response that will accelerate job losses from automation? The campaign to increase the cost …
Well-meant minimum wage increases will accelerate automation Read More »
Summary: Marx believed that the inherent contradictions in capitalism would bring about its downfall. Events since the crash have revealed contradictions between the values and actions of the 1% and their bankers. But they’ve successfully managed these contradictions. That’s the operational genius of the pseudo-philosophy called libertarianism. {1st of 2 posts today.} The price system …
Why the libertarian rich & their bankers love price controls – on money. Read More »
Summary:  Many factors are driving up food prices, but the elephant in the room is global inflation. This explains why prices are rising throughout the entire commodity complex (energy, industrial materials, precious metals, agriculture). Plus brief discussions of biofuels, long cycles of food prices, the role of government policy, and the likelihood of resource wars. “Global Market Brief: Food …
Higher food prices, riots, shortages – what is going on? Read More »
