By: Frank Shostak Once an economy falls into recession many commentators tend to express concern that as a result of the economic slump there are now underutilized capital and labor. Resources that can be used are now made unemployed. It is held that the key factor behind this is an insufficient demand for goods and […]
Archives for May 2017
Report: 64 Bay Area restaurants shut down amid higher minimum wage
San Francisco and Oakland raised the minimum wage to $13 last year. The minimum wage will be subsequently raised to $14 in July and $15 next year. This undoubtedly made many leftists in the Bay Area happy. But not so much restaurants. According to SF Eater, 64 Bay Area restaurants close their doors in the […]
Week in Review: May 15 to May 21
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Sorry, John Oliver, Ditch Net Neutrality Now Georgia’s economic output is bigger than Taiwan – and other data New Miss USA echoes Ron Paul, says healthcare is not […]
Study: Up to 98% of media’s Trump coverage has been negative
How much does the media hate President Donald Trump? The answer is both simple and obvious: a lot. Harvard’s Shorenstein Center on Media, Politics and Public Policy published a new study that highlighted the media’s immense bias in its coverage of the president. The results shouldn’t exactly be surprising, considering that other reports have suggested […]
Why has the left stopped talking about Venezuela’s ‘socialist paradise’?
By: Ryan McMaken During the 2016 presidential election, Bernie Sanders refused to answer questions about Venezuela during an interview with Univision. He claimed to not want to talk about it because he’s “focused on my campaign.” Many suggested a more plausible reason: Venezuela’s present economy is an example of what happens when a state implements Bernie Sanders-style […]