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  • Monthly Review Essays

About David Ruccio

David Ruccio (@Dfruccio) used to teach in the Department of Economics at the University of Notre Dame (until it was split and renamed) and then in the Department of Economics and Policy Studies (until it was dissolved). He is currently Professor of Economics “at large” as well as a member of the Higgins Labor Studies Program and Faculty Fellow of the Joan B. Kroc Institute for International Peace Studies. Ruccio blogs at Occasional Links and Commentary on Economics Culture and Society and is a contributor to the Real-World Economics Review Blog.
  • Labor share

    Reserve army—pandemic edition

    Originally published: Occasional Links & Commentary on May 12, 2020 (more by Occasional Links & Commentary)

    In particular, the existence of a reserve army serves to discipline labor, keeping its wage demands in check, since employed workers are forced to compete with unemployed and underemployed workers for the available jobs.

  • Jungle

    The jungle—pandemic edition

    Originally published: Occasional Links & Commentary on May 13, 2020 (more by Occasional Links & Commentary)

    Like nursing homes, the U.S. meatpacking industry has become one of the hotspots of the novel coronavirus pandemic.

  • Chart of the day

    Chart of the day

    Originally published: Occasional Links & Commentary on April 2, 2020 (more by Occasional Links & Commentary)

    A new report from the Institute for Policy Studies, “Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers,” reveals that the wealth of U.S. billionaires is indeed staying at home.

  • Student debt jubilee—pandemic edition

    Student debt jubilee—pandemic edition

    Originally published: Occasional Links & Commentary on April 20, 2020 (more by Occasional Links & Commentary)

    The United States is currently experiencing a dystopian orgy of death and destruction.

  • China syndrome

    China syndrome

    Originally published: Occasional Links & Commentary on April 14, 2020 (more by Occasional Links & Commentary)

    As Donald Trump and his band of “hacks and grifters” are preparing to prematurely reopen the U.S. economy, they’re also rehearsing the language they’ll use to justify their irresponsible decisions. Here’s how Peter Navarro, the White House trade adviser, is discussing the terms of the reopening: The unfair China trade shock that hit so many […]

  • chart of the day

    Chart of the day

    Originally published: Occasional Links & Commentary on April 9, 2020 (more by Occasional Links & Commentary)

    All told, more than 16 million American workers have filed initial claims during the past three weeks.

  • Chart of the day

    Chart of the day

    Originally published: Occasional Links & Commentary on April 2, 2020 (more by Occasional Links & Commentary)

    Although claims are at record highs, many Americans across the United States have been unable to successfully apply for unemployment insurance because an unprecedented level of claims is overwhelming state labor department websites and jamming up phone lines.

  • Capitalism isn't working

    Unemployment pandemic

    Originally published: Occasional Links and Commentary on March 23, 2020 (more by Occasional Links and Commentary)

    Capitalist crises are neither predictable nor do they stem from a single cause. Instead, at least as I see it, the possibility of a crisis is always there but the causes and triggers are all historical and therefore multiple and varied.

  • Cartoon. What inequality?!

    What inequality?

    Originally published: Occasional Links & Commentary on January 13, 2020 (more by Occasional Links & Commentary)

    Economic inequality in the United States and around the world is now so obscene, and has convinced more and more people to do something about it, that the business press has initiated a campaign to deny its very existence.

  • Taxing the surplus—not

    Taxing the surplus—not

    Originally published: Occasional Links & Commentary on December 17, 2019 (more by Occasional Links & Commentary)

    There aren’t many ways ordinary Americans have a say in what happens to the surplus that determines their fate.

  • Dying too young

    Dying too young

    Originally published: Occasional Links & Commentary on December 2, 2019 (more by Occasional Links & Commentary)

    If there ever was an argument in support of Medicare for All it’s this: despite spending more on health care than any other country, the United States has seen increasing mortality and falling life expectancy for people ages 25 to 64, who should be in the prime of their lives.

  • Assets and liabilities

    Wages of debt

    Originally published: Occasional Links & Commentary on November 25, 2019 (more by Occasional Links & Commentary)

    Elon Musk’s new Cybertruck would appear to be the perfect design for America’s contemporary dystopia.

  • Changing the subject

    Changing the subject

    Originally published: Occasional Links & Commentary on October 30, 2019 (more by Occasional Links & Commentary)

    From Chile to Lebanon, young people are demonstrating—in street protests and voting booths—that they’ve had enough of being disciplined and punished by the current development model.

  • Time is running out

    Time is running out

    Originally published: Occasional Links & Commentary on August 13, 2019 (more by Occasional Links & Commentary)

    Richard Reeves is right about one thing: time is crucial to capitalism’s legitimacy. The premise and promise of capitalism are that the future will be better than the present. And “if capitalism loses its lease on the future, it is in trouble.”

  • Labor share

    Promises, promises

    Originally published: Occasional Links & Commentary on March 4, 2019 (more by Occasional Links & Commentary)

    They keep promising, ever since the recovery from the Great Recession started more than eight years ago, that the share of national income going to American workers will finally begin to increase. But it’s not.

  • Socialism and exploitation

    Socialism and exploitation

    Originally published: Occasional Links & Commentary on February 7, 2019 (more by Occasional Links & Commentary)

    If you listened to or read the text of President Trump’s State of the Union speech Tuesday night, you might have been surprised by the explicit mention of socialism.

  • Resolution: mind the gap

    Mind the gap

    Originally published: Occasional Links & Commentary on January 7, 2018 (more by Occasional Links & Commentary)

    We’re all done singing to “days gone by” (even though no one really knows the lyrics). But, unless we change our tune and resolve to fundamentally alter the way the economy is organized, we’re going to have to face up to the problem that’s been haunting the United States for decades now: growing inequality.

  • Tom Toles Editorial Cartoon

    Measure for measure

    Originally published: Occasional Links & Commentary on December 17, 2018 (more by Occasional Links & Commentary)

    No matter how we measure it, most Americans are falling further and further behind the tiny group at the top.

  • Dollarization in the United States

    Dollarization in the United States

    Originally published: Occasional Links & Commentary on December 10, 2018 (more by Occasional Links & Commentary)

    The United States is increasingly becoming dollarized. That’s because, for decades now, those at the bottom have been left behind, forced to attempt to get by in ever more precarious conditions.

  • Tale of two depressions

    Tale of two depressions

    Originally published: Occasional Links & Commentary on December 3, 2018 (more by Occasional Links & Commentary)

    Mainstream economists continue to discuss the two great crises of capitalism during the past century just like the pillars of society performed in the brothel—a “house of infinite mirrors and theaters”—in Jean Genet’s The Balcony.

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    Over 10,000 people died in transit to Spain in 2024 alone.[1] On June 2022, the border fence of Melilla, one of two Spanish enclaves in Morocco, was witness to a massacre that killed or disappeared over a hundred African migrants.[2]  A recent BBC investigation revealed that Greek border guards systematically repeal immigrants already on Greek […]

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