Category: Guest Posts

Faculty Strike at Oakland University in Michigan

Faculty at Oakland University in the suburbs of Detroit went on strike September 2 against administration efforts to increase healthcare costs, slash retirement benefits, and cut compensation. Some students joined the picket line. A tentative agreement was announced today.

Competition, Monopoly, and Exploitation under Capitalism

While signing an executive order to expand competition and crack down on monopolistic practices, Joe Biden said that “capitalism without competition isn’t capitalism. It’s exploitation.” His statement reflects a long-standing assumption among both classical and more left-leaning economists alike that increasing monopolization is the source of increasing exploitation under capitalism. What do they get wrong? Economist Michael Roberts explains.

Faculty Strike at Oakland University in Michigan

Faculty at Oakland University in the suburbs of Detroit went on strike September 2 against administration efforts to increase healthcare costs, slash retirement benefits, and cut compensation. Some students joined the picket line. A tentative agreement was announced today.

Competition, Monopoly, and Exploitation under Capitalism

While signing an executive order to expand competition and crack down on monopolistic practices, Joe Biden said that “capitalism without competition isn’t capitalism. It’s exploitation.” His statement reflects a long-standing assumption among both classical and more left-leaning economists alike that increasing monopolization is the source of increasing exploitation under capitalism. What do they get wrong? Economist Michael Roberts explains.