Economics
Bill Mitchell: US economy on an unstable knife edge at present
A good read with much detailed analysis The system cannot produce stable growth under these circumstances. And the long-term prospects are unsound. Read Article HERE
Bill Mitchell
Economics
Bill Mitchell: Interest rate hikes will not get ships moving through the Strait of Hormuz more quickly
Regular readers will know that I hate the term NAIRU – or Non-Accelerating-Inflation-Rate-of-Unemployment – which is a concoction invented by mainstream economists to maintain unemployment at elevated levels (to keep the working class in its […]
DeGrowth
Bill Mitchell: A successful degrowth strategy will require a massive redistribution of income and wealth towards the poorest
It is obvious that a successful degrowth strategy will require a massive redistribution of income and wealth. That means dismantling the neoliberal institutions that have overseen a massive shift towards higher income and wealth inequality. […]
Climate Crisis
Bill Mitchell: Actions by our governments are the opposite to what we require from them on climate change
While mainstream economists regularly appear in the media decrying fiscal deficits as vehicles to undermine the future of our children and grandchildren, which then leads governments to follow austerity paths for political gain, the climate […]
Austerity
Bill Mitchell: Is there hope for a post neoliberal world?
We are all realising that our political class – the large parties and their lobbying machines – only want power. Something has to give. Read Article HERE Photo: Screen grab
Economics
Bill Mitchell: Argentina entering the usual doom loop that austerity inevitably creates
This is a doom loop being exacerbated by the on-going fiscal austerity. The other point is that while the nation is not in recession yet, there is a reluctance to invest in new productive capital […]
Economics
Bill Mitchell: The Eurozone Member States are not equivalent to currency-issuing governments in fiscal flexibility
The problem I see is that real resistance to the capricious and destructive neoliberalism of the EU is compromised by progressives who oppose that destruction but think that better days can be had through Treaty […]
Economics
Bill Mitchell: Does rising income inequality explain the rising support for right-wing political movements?
The answer to this questiion are differentiated and not as simple as often claimed Read HERE
Economics
Bill Mitchell: The hollowing out of the middle class in the US and beyond
So the top end income has boomed in real terms while the bottom end has collapsed. That is the story of the US after several neoliberal decades. And it is the story of most advanced […]
Austerity
Bill Mitchell: The Left has created the swing to the Right – some reflections
The world is shifting rapidly to the Right because the Left has abandoned its voice and its role in given succour to the underdog. We will all regret this era. Read HERE