Industrial Food and Econ 101 – the case of externalities
Externalities – the language of Econ 101 What are externalities? Defined in two widely used textbooks: “An externality occurs when some of the costs or […]
Articles by theheist
An Update: the $79 Trillion Heist
The scale of income transfers from the bottom 90% to the top 10% over the past 50 years just got larger! I have written at […]
Insecurities for the Bottom 90% of the US Population – part 5 – Education
Education Education has long been a central American value and seen as a key to improving one’s position in life. Parents struggle to find and […]
Fire Engines, Monopolies, & Private Equity
The New York Times published a lengthy report on 2.17.2025, “As Wall Street Chases Profits, Fire Departments Have Paid the Price – Fire engine manufacturing […]
Insecurities for the Bottom 90% of the US Population – part 4 – Food
This is part of the series on the insecurities produced by American capitalism for most Americans. Food Food Insecurity The US Dept. of Agriculture reports […]
The Need for Class Warfare
The media, including here at Substack, has been filled with bleatings about the Democratic Party’s whipping at the hands of Trump and his billionaires. There […]
Insecurities for the Bottom 90% of the US Population – part 3 – Housing
This is part of the series on the insecurities produced by American capitalism for most Americans Housing Insecurity Housing is a basic human necessity. Questions […]
Financialization and going off the rails with Norfolk Southern
Financialization is an awful word. It sounds clumsy in the mouth and refers to a process that has been underway for over 40 years but […]
Insecurities for the Bottom 90% of the US Population – part 2 – Jobs
This is part of the series on the insecurities produced by American capitalism for most Americans The Insecurities of Jobs Employment insecurity is the first […]
Insecurities for the Bottom 90% of the US Population – part 1
We have written at some length about the flatlining of income growth for the bottom 90% of the population since 1980 and the transfer […]