The Prophetic Work of Barry Lynn

What’s the connection between the battery fires that grounded Boeing’s 787 Dreamliner and the massive failure and recall of Johnson & Johnson’s metal hip implants? Both are consequences of the recent transformation of multinational corporations from manufacturers to monopolistic distributors who contract out production–a transformation first documented by journalist Barry C. Lynn . . . → Read More: The Prophetic Work of Barry Lynn

Is Paul Krugman’s Liquidity Trap Really an Inequality Trap?

Paul Krugman says the economy suffers from a “liquidity trap” due to insufficient demand. In my view, we’re in an “inequality trap” as the One Percent, big corporations and banks hoard cash, starving small businesses for capital. . . . → Read More: Is Paul Krugman’s Liquidity Trap Really an Inequality Trap?