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| | medianism.org
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| | Until the 1990s, most economists believed that the minimum wage was a major cause of unemployment because that is what the canonical supply and demand model predicts. If wages rise, more people will want to work (increasing the quantity of labor that is supplied) but employers would want to buy less labor (reducing the quantity...
| | americanaffairsjournal.org
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| | The Italian Marxist Antonio Gramsci coined the term"organic crisis"to describe a crisis that differsfrom"ordinary"financial, economic,or political crises.An organic crisisis a"comprehensive crisis,"encompassing the totality of a system or order that, for whatever reason, is no longer able to generate societal consensus (in material or ideological terms).Such a crisis laysbare fundamental contradictions in the system that the...
| | www.newstatesman.com
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| | Surging energy prices force us to confront the suffering caused by inflation and our uncertain future. But a new wage-price spiral is still unlikely.
| | scheerpost.com
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| At his inauguration, US President Donald Trump promised to "expand our territory", invoked the colonialist "Manifest Destiny", and vowed to take over the Panama Canal (falsely claiming China runs it). He has hinted at using military force to colonize Greenland as well.