Bubble, Bubble, toil & trouble
The US stock market is dangerously overvalued, driven by AI hype, Nvidia’s monopoly and extreme inequality. Is a 2026 crash inevitable? A deep dive into the bubble.
Mike Treen
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Some of the crimes of capitalism – share market greed and enrichment
From asset management giants like BlackRock and Vanguard to NZ’s privatised power companies, critics argue shareholder profit is driving inequality, energy hardship and economic risk.
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Data 4 – The Minimum Wage, MPs salaries, wealth & inequality
Members of parliament are to get a 10.5% pay rise over the next three years. Backbench MPs go from $163,961…
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Data 3: Prices are still rising – it’s a cost of living crisis
New Zealand’s consumers price index increased 4 per cent in the 12 months to the March 2024 quarter, according to…
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Understanding the data 2: Why we are officially in recession
The economy of New Zealand is officially in recession. New Zealand’s gross domestic product (GDP) shrank by 0.1 percent during…
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Understanding the data – benefits are being cut in value in real terms – but why?
The real value of benefits is being cut by switching the calculation of annual changes from the movement of the average wage…
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The need to end US-imposed austerity in Cuba
Over the last few weeks, the Western news media has been full of stories of “unrest” in Cuba including protests…
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Marx’s theory explains capitalism’s business cycle and the need for crises (Marx’s crisis theory 4 out of 4)
Part 1: Part 2: Part 3: Marx’s theory explains the business cycle and the need for crises – no alternative…
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What is money and how it can be controlled (Marx’s Crisis Theory Part 3 0f 4)
Part 1: Part 2: Part 4: Three types of money are in existence – Gold, credit money and token money…
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The debt explosion to save world capitalism (Marx’s Crisis Theory Part 2 0f 4)
Part 1 here: Part 3 here: Part 4 here: World capitalism got out of the 2008 and 2020 crises with…
