Demowp

Tag: Unemployment

  • Whatever Happened to Trump’s “Golden Age” for American Workers?

    Although Donald Trump’s Department of Labor announced in April 2025 that “Trump’s Golden Age puts American workers first,” that contention is contradicted by the facts. Indeed, Trump has taken the lead in reducing workers’ incomes. One of his key actions along these lines occurred on March 14, 2025, when he issued an executive order that scrapped […]

  • Ages in Turmoil: The Rise and Fall of States in and out of Yankeedom

    Author, Bruce Lerro, Co-founder and Co- Manager for Socialist Planning Beyond Capitalism Orientation Does history have any rhyme or reason? Mostly liberal historians insist that there are no patterns of history and that all historical periods are unique. Other historians such as Danilevsky, Spengler and Sorokin claim that history runs in cycles. Peter Turchin, author […]

  • Stagflation: Stagnation, Inflation, and Beyond

    Since my prediction in April of 2007 of an impending economic crash, I’ve vowed not to risk my unblemished record with any further predictions. But a simple thing that I learned from the run-up to that catastrophe was when the “little people” — the “every man and every-woman” — found their way into stock market […]

  • Is Capitalism Reaching the End of the Road?

    Capitalism is fast becoming so unpopular that the money-grubbing old autocrat in the White House wants to protect it by promising to investigate and prosecute anyone who speaks against it. Free speech be damned. But Milton Friedman said Capitalism and Freedom go together.  So, we will use some of that fast-disappearing freedom to comment on the […]

  • Civil Workers, Uncivil Problem: The 1934 Civil Works Administration Strike in Utica, New York

    The history of the labor movement in the Mohawk Valley is an extremely rich yet untapped field. This is not to say that there’s no labor historiography of the region, but it seems lacking compared to other areas of New York. Utica itself has experienced or been adjacently involved with a number of strikes since […]

  • Economic Conditions and Hollow Victories

    Economic Conditions and Hollow Victories

    Among the very few things to look forward to on Labor Day is Jack Rasmus’s annual report on the state of US labor. Rasmus, an accomplished political-economist, riffs on the famous Frederick Engels book with Labor Day 2024: The Condition of the American Working Class Today. It may come as a surprise to some, but […]

  • War with China

    Don’t want to spoil your weekend, but the American Enterprise Institute (AEI) has picked Foreign Policy (FP) magazine’s article, How Primed for War Is China, as a top commentary. AEI states: “The likelihood of war with China may be the single-most important question in international affairs today. FP knows how to start an article and […]

  • Poverty in Greece

    New York Times published a news article “Greece, Battered a Decade Ago, Is Booming” by Liz Alderman, with additional reporting from Niki Kitsantonis (Monday, Sept. 25 / in print on Saturday, Sept. 30, Section B, Page 1 with the headline: “A New Era of Prosperity for Greece”). The article informs us that Greece was hit by an economic crisis […]

  • Economic Conditions Continue To Worsen For Millions

    Economic Conditions Continue To Worsen For Millions

    While the monopoly-controlled media incessantly promotes disinformation, incoherence, and irrationalism about the U.S. economy, real people are experiencing harder economic conditions with each passing month. Below are 30 recent statistics that bear this out. ***** “More than half — 54% — of American millennials and Gen Z are still financially dependent on their parents, according […]

  • Beware of Economic Textbooks

    Protests by British university economic students against neo-classical economics highlight the notion that economic education is dominated by theories that defy practical applications and applications that cannot predict, prevent, and ameliorate periodic crises. Students learn economics from unverified and outdated theories, many contradicting one another, which leads to a confused understanding of the discipline and […]

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