Mamdani Needs to Catch the Value Capture Bus
New York Democratic mayoral nominee Zohran Mamdani has drawn both praise and sneers for his free bus proposal. As detailed
The main narrative that I hear in mainstream press is that U.S. workers are being undercut and eventually displaced by global competition. I think this narrative has a tone of inevitability, that low wages and job loss are driven by huge impersonal forces that we can't do much about. Is this right?
This article is no longer available online
A review of The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America—and Spawned a Global Crisis by Michael W. Hudson. (New York: Times Books, 2010.)