Relevant and even prescient commentary on news, politics and the economy.

Has the Third Era of Globalization Ended?

by Joseph Joyce (Capital Ebbs and Flows) Has the Third Era of Globalization Ended? Behind the headlines forecasting a global economic recession there is another narrative about the end of globalization. This reflects political tensions over trade, the impact of the pandemic on global supply chains and the shutdown of economic ties with Russia. But dating the beginning […]

Markups and profits skyrocket

Mike Konczal and Niko Lusiani at the Roosevelt Institute take a closer quantitative look at the sources of inflation the last two years: This research brief is the first to explore the size and distribution of markups (essentially the difference between sales and marginal costs) and profit margins across 3,698 firms operating in the US […]

They have come to resurrect Caesar.

Dana Millbank at the Washington Post points us to JD Vance, the MAGA Republican from Ohio running for a Senate seat in Congress and a potential American Julius Caesar. “‘Friends, Romans, countrymen, lend me your ears: They have come to resurrect Caesar. MAGA Republican leaders take umbrage at being accused of ‘semi-fascism,‘ which is understandable: […]

Household incomes have fallen since 2019

Chandra Childers at Economic Policy Institute reports on household income: “Household incomes have fallen since 2019 despite growth in workers’ earnings“ “On Thursday, the U.S. Census Bureau released 2021 household income and household earnings data for states from the American Community Survey (ACS). National averages hide the wide disparities experienced by workers and families across […]

Replacement theory in the US

David Zetland writes on “replacement theory” (originally published at One Handed Economist) Replacement theory in the US “Replacement theory” is a semi-racist, often-hysterical belief that — in the US — White Christians will be “replaced” by others. The racist part arises from the vapid conception of “race” and/or “White” which rests on no biological or scientific facts. As […]

Declining US Citizen’s Life Expectancy

Lifted from notes by One handed economist David Zetland comes with this reminder about US life expectancy dropping. David goes further and gives the reasons for decreasing Life Expectancy. America, my increasingly ex-country, has lower life expectancy than 21 “peer” countries. This decline being due to a combination of death from Covid, cars, guns, and lifestyle. […]