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  • Summary of Book
    • Introduction to the Summary of the Book
    • Who Caused the $79 Trillion Heist
    • What are the drivers of the $79 trillion heist?
    • Monopolization
    • Globalization
    • Decline in Unionization
    • Financialization
    • The Financial Sector
    • Financialization of Corporations
    • Money
    • Insecurity for the Bottom 90% over the Past Fifty Years
    • Other Problems with Capitalism
    • Conclusions
    • Addendum – Why Orthodox Economics Is Not Useful
    • Further Addenda
    • Table of Contents
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Briefly Noted

Financialization and going off the rails with Norfolk Southern

February 18, 2025 theheist 0

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 […]

Briefly Noted – The Deficit Myth: The Biggest Lie In Politics | 1Dime

December 28, 2023 theheist 0

This video from 1Dime is a very good introduction to the actual workings of money in the economy. Though for my tastes, the video is […]

The Glory of Our Food – on the back of farm workers – more from John Oliver

April 19, 2023 theheist 0

Only the oldest amongst my readers will remember Edward R. Murrow’s 1960 CBS TV report Harvest of Shame (opens CBS channel on YouTube) that reported on […]

Wealth & Poverty course from Robert Reich – UC Berkeley

April 6, 2023 theheist 0

Reich is offering an online course, “Wealth & Poverty”, that started today. I watched the first lecture, “What Happened to Income and Wealth?” Looks like […]

Sources of Poverty in the US – Matthew Desmond article – Updated

March 16, 2023 theheist 0

Original posting – 3.6.2023 Matthew Desmond, author of Evicted: Poverty and Profit in the American City, has a new book Poverty, by America set to […]

“How Structural Racism Works” – Tricia Rose and Samuel Rosen – recently noted

June 7, 2020 theheist 0

If you are struggling to get your head around how racism works you will probably find it helpful to have a general framework as a […]

Recently Noted – “Across America, working-class people are dying of despair”

January 17, 2020 theheist 0

Essay explores the grim reality of life in one small corner of America within the broader landscape of the bottom 90%.

Market Concentration – Walmart and Groceries

October 25, 2019 theheist 0

The Visual Capitalist added another graphic example of the increasing concentration, monopolization, of markets, in this case for groceries. Even here in Hudson NY we […]

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The latest posts

  • NYC Mayor Mamdani’s $30 per hour minimum wage
  • The Best Books and Articles on the Heist of $79 Trillion from the Bottom 90%
  • Wondering why your family budget gets ever tighter?
  • James Talarico talks about 50 years of class warfare
  • Bran Muffins & Triscuits as a measure of income inequality over the past 50 years

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