Only the top-end-of-town in the US have seen real income gains since 1999 | Bill Mitchell – billy blog

Bill Mitchell digs deep to look at ‘real income gains’. Naming up these following factors and taking a bite at the Guardian’s neo liberal agenda.

1. The rise of the unproductive financial sector – which should be severely trimmed back to those activities that help real producers achieve some degree of certainty.

2. The capacity of workers to achieve real wages growth in line with productivity growth – the gap between the latter and the former has grown since the 1980s and had led to the redistribution of national income towards profits.

3. Persistent de-skilling and the hollowing out of middle-income jobs.

4. Persistent unemployment and underemployment – which have damaged household incomes and allowed bosses to suppress real wages growth.

5. Attacks on the income support system.

All these factors and more have been characteristic of the neo-liberal era. For a sustainable future there has to be major shifts in policy to address these issues.

The GFC was bad but the trends were in place long before the GFC hit and as I have argued before were causal factors in the emergence of the GFC.

The next crisis is awaiting us if we do not address the driving factors which are also producing the income distribution that this data summarises.

These are factors that Jeremy Corbyn and Bernie Sanders are clearly seeking to address. For the Guardian to say there is no agenda is just to signal they don’t want to know about the grass roots movements that are growing in protest to these trends.

Exxon’s Own Research Confirmed Fossil Fuels’ Role in Global Warming Decades Ago | InsideClimate News

The first of a 6 part series where Exxon conducted “cutting edge” 70’s research which turned 180° to  sophisticated corporate  climate change denial.

After eight months of investigation, InsideClimate News presents this multi-part history of Exxon’s engagement with the emerging science of climate change. The story spans four decades, and is based on primary sources including internal company files dating back to the late 1970s, interviews with former company employees, and other evidence, much of which is being published here for the first time.

It describes how Exxon conducted cutting-edge climate research decades ago and then, without revealing all that it had learned, worked at the forefront of climate denial, manufacturing doubt about the scientific consensus that its own scientists had confirmed.

I will leave it to your own interest to follow the series from

How George W. Bush Destroyed the Temple of Baal

Temple of Baalshamin


Gary Leupp, Professor of History at Tufts University, talks Iraq, Crusader Bush et al……

The destructive power of religious idiocy takes many forms. President George W. Bush was once asked by a journalist to name his favorite philosopher. “Jesus,” he replied. He initially proclaimed his War on Terror as a “crusade.”…..


Temple of Baalshamin NOW.

We are a country which, on a per capita basis, takes more refugees than any other. We take more refugees than any other through the UNHCR on a per capita basis, but obviously this is a very grave situation in the Middle East. – Prime Minister Tony Abbott, press conference, September 6, 2015.

This fact check points out…

The Refugee Council says:

    By this measure, (see the article link above) Australia assisted 0.43% of the refugees recognised or resettled in 2014. It was ranked 22nd overall, 28th per capita and 46th relative to total GDP…

    The 2014 statistics are similar to those of the previous decade. In the 10 years to 31 December 2014, the 141,047 refugees recognised or resettled by Australia accounted for 1.16% of the global total of 12,107,623 – with Australia ranked 23rd overall, 27th per capita and 46th relative to national GDP.

Yes that’s 46th relative to GDP! We make most our policies on the run and with everything else based on $ what’s Ah Butt talking about?

Where does the magic number for Australia’s refugee intake come from?

With the Ah Butt statement of his government’s ridiculous and embarrassing statement about who we would take as refugees, the plight of those with no life due to a  war that has displaced millions over four years is no less daunting.