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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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Economy

Not a right – left problem; a top – down problem. The class war is long over.

December 27, 2024 theheist 0

In the wake of Trump’s victory over Harris there has been much hand-wringing over how to explain the obvious trend among Americans to favor Republicans. […]

Thoughts on ending billionaire wealth – “Every billionaire is a policy failure”

December 26, 2024 theheist 4

The tsunami of billionaires that has washed across the planet over the last decade or so is troubling in the extreme. Now, we have the […]

35 Years of Wage Stagnation and Middle-Class Life in the US – a concrete example

November 18, 2024 theheist 0

For the period between the end of WWII and 1979 there was productivity growth of ~ 55%. That means that for an hour’s work, the […]

Occupy Wall St. was right…..

November 17, 2024 theheist 0

In the fall of 2011, a large group of protestors occupied areas around Wall St. in NYC for six weeks under the banner of “We […]

Book Review – Revolt of the Rich: How the Politics of the 1970s Widened America’s Class Divide by David Gibbs

November 12, 2024 theheist 0

Neoliberalism is the word most frequently used by commentators and academics when discussing the changes in the US economy over the past 50 years. For […]

Elon Musk, $50 billion, and Financialization – from production to extraction

January 31, 2024 theheist 0

Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package […]

Three charts that define the last 45 years in the US

January 2, 2024 theheist 0

Its the time of year for summations, usually for just the previous year. My selection of charts explains much of the past 45 years for […]

My Year End Siege of Angers – the list –the rerun

December 29, 2023 theheist 0

Last year, at about this time,  I tapped away at the list below. In recent days I returned to the question of a new Siege […]

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 […]

Being a manager and the Trump boys

November 3, 2023 theheist 2

This week’s fraud trial appearances by the Trump boys, Don, Jr. and Eric, Executive VP and Executive VP of Development and Acquisitions respectively in the […]

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  • Go to my Substack for my blog posts.
  • We are a very rich country! Why so much insecurity for the bottom 90%??
  • The Real Debt Crisis
  • What the rich & corporations know about our capitalist economy that you don’t
  • NYC Mayor Mamdani’s $30 per hour minimum wage

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