Just to note how stupid this system is...we just learned that 15 days ago, the Dept of Education awarded a brief contract to consulting firm Accenture to oversee sending emails to student debtors. It's a $350M contract. So it costs more to *service* the debt than to cancel it.
Giorgos Gouzoulis
@ggouzoulis.bsky.social
Assoc Prof | Author, 𝘿𝙚𝙗𝙩 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙁𝙪𝙩𝙪𝙧𝙚 𝙤𝙛 𝙒𝙤𝙧𝙠𝙚𝙧𝙨 (@brisunipress.bsky.social, 2026)
"Pointing to estimates of about 30,000 job losses in the past three years..." www.ft.com/content/ded7...
UK universities cut jobs, research and teaching amid squeeze in overseas students
‘Very sharp downturn’ in enrolments risks hitting economic innovation and academic pipeline, lobby group says
ft.com
My forthcoming co-edited book with @stephross.bsky.social, The Politics of Public Sector Unions, explores the struggles shaping Canada’s public services and labour politics. Now available for pre-order! fernwoodpublishing.ca/books/politi... #canlab #cdnpoli
New section on the DIY Macroeconomic Model Simulation Website: An Endogenous Housing Cycle Model macrosimulation.org/an_endogenou... (1/6)
Anwar Shaikh was the most brilliant Marxist economist of his generation. He leaves behind a legacy that has the potential to drive political economy forward for years to come.
Anwar Shaikh (1945–2026)
Anwar Shaikh was the most brilliant Marxist economist of his generation. He leaves behind a legacy that has the potential to drive political economy forward for years to come.
jacobin.com
I have a new paper on the workplace case study tradition in #industrialrelations Briefly, it has reinvented itself as the study of organisational restructuring with attempts to assess the distributional impact of such changes. Even so, the flow of such articles is in decline.
Nominations are open for the 2026 JIR Joe Isaac Award. The winner will receive AUD 945 and a JIR Joe Isaac Award Certificate. Nominations close 14 November 2026 👉 journals.sagepub.com/pb-assets/cm... #IndustrialRelations #ComparativeResearch #EmploymentRelations #JIR
Our next department seminar is next Wednesday, October 14 at 11:15am with Daniele Paserman (Boston University). Daniele is presenting "Female Labor Force Participation and Intergenerational Mobility". See below for details.
Debt and the Future of Workers by @ggouzoulis.bsky.social @qmul.bsky.social @brisunipress.bsky.social examines how household debt forms an essential part of the capitalist exploitation process. Read the review by Photis Lysandrou @lsereviewofbooks.bsky.social 👉 blogs.lse.ac.uk/lsereviewofb...
NEW: Debt and the Future of Workers by @ggouzoulis.bsky.social @qmul.bsky.social @brisunipress.bsky.social examines how household debt forms an essential part of the capitalist exploitation process. Read the review by Photis Lysandrou 👉 blogs.lse.ac.uk/lsereviewofb...
Very happy to be kicking off the 2026-27 Economics Seminar Series at @umassbostonecon.bsky.social next Wednesday! I’ll be talking about my new book, 𝘿𝙚𝙗𝙩 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙁𝙪𝙩𝙪𝙧𝙚 𝙤𝙛 𝙒𝙤𝙧𝙠𝙚𝙧𝙨. Really looking forward to it!
Our 2026-27 Department Seminar Series kicks off next Wednesday, September 16 at 11:15am with Giorgos Gouzoulis (Queen Mary University of London). Giorgos is presenting "Debt and the Future of Workers: Financialization as Exploiation in the 21st Century". See below for details.
Our 2026-27 Department Seminar Series kicks off next Wednesday, September 16 at 11:15am with Giorgos Gouzoulis (Queen Mary University of London). Giorgos is presenting "Debt and the Future of Workers: Financialization as Exploiation in the 21st Century". See below for details.
This is sort of a Rorschach test -- do you see "interest rates spiking scarily due to unsustainable government debt/the breakdown of the dollar system/etc", or do you see "interest rates returning to historically normal levels after the extraordinary monetary easing of the GFC-pandemic period"?
it's cool, so cool
New data shows that workers are getting the smallest share of the economic pie on record. On the heels of Labor Day, this decline makes the case for rebuilding worker power all the more urgent. One obvious place to start is raising the federal minimum wage. 🧵 www.nbcnews.com/business/eco...
For Norwegians who lose their jobs, a comprehensive welfare system makes the experience of unemployment materially and morally very different from what unemployed workers in the United States undergo.
A Strong Welfare State Changes the Meaning of Unemployment
Under capitalism, being unemployed is usually a hardship, and often a financial and personal disaster. Yet the experience of unemployment in countries with generous welfare states is radically different from what Americans are used to.
jacobin.com
The US government wrote off almost all the money it lent businesses during the pandemic. Now it’s wrecking credit scores and threatening to garnish paychecks to collect student loans. Debt can be forgiven easily enough — just not for the working class.
The American Plutocracy Wants Workers Trapped in Debt
The US government wrote off almost all the money it lent businesses during the pandemic. Now it’s wrecking credit scores and threatening to garnish paychecks to collect student loans. Debt can be forgiven easily enough — just not for the working class.
jacobin.com
Public universities could create more public money than they currently do & become self financing: www.google.com/goto?url=CAE...
The Uni Currency Project: Resource Page
Since 2020, the Money on the Left Editorial Collective has been arguing for a new approach to university finance that we call the ‘uni’ proposal. Below are links to our essays and interviews relate…
google.com
My 2 cents on the logic behind the latest developments around student loans in the US, for @jacobinmag.bsky.social Link below 👇
Walmart spent $43.4B on stock buybacks from 2019 to 2025, enough to give each of its 2.1M workers annual bonuses of $2,953. Last year, retiring CEO Doug McMillon pocketed $29.2M — his largest payday ever and 958x Walmart's median worker pay of $30,520. Textbook corporate greed.
Got a book idea that could make a difference in sociology? Our editor, Emily Ross, will be at #ESAWarsaw2026 and would love to hear from you. 📍 Visit our stand 📩 Email Emily at: emily.ross@bristol.ac.uk Find out more about publishing with us: https://ow.ly/nBy650ZFFuL
"The Department of Education is incompetent and fueling much of this disaster. They have made decisions to move forward based on squeezing as much money as they can get out of people, whether it’s legal or not,” Debt Collective said.
As the Biden-era SAVE student loan plan ends, eight million borrowers are stuck in limbo. Starting on Monday, August 10, the National Week of Action is calling attention to the “real, immediate, and irreparable harm to millions of student debtors.” https://bit.ly/4wwxJDE
📣 New on the CLaSP blog by @ggouzoulis.bsky.social 📣 Giorgos critically explores the fraught logic and impact of financial literacy programmes. www.claspblog.org/blogposts/fi...
The gospel of financial literacy — CLaSP Blog
Giorgos Gouzoulis critically explores the fraught logic and impact of financial literacy programmes.
claspblog.org
"... top 1% of the national income distribution receive about half of [S-Corp] income changes, while those in the bottom 50% receive less than 15%... workers capture only 10% of the gains from positive firm shocks but bear 26% of the losses from negative shocks" sammygyoung.github.io/syoung_site/...
What happens when a DSA politician takes charge of the largest city in the United States? Zohran Mamdani’s early record is filled with successes, but also evidence of the contradictions between socialist politics and governing the capitalist state.
Zohran Mamdani and the Contradiction of Democratic Socialism
What happens when a DSA politician takes charge of the largest city in the United States? Zohran Mamdani’s early record is filled with successes, but also evidence of the contradictions between socialist politics and governing the capitalist state.
jacobin.com
📢 2026 𝐏𝐊𝐄𝐒 Annual Workshop 📍King's College London, King’s Building, Room 204 📅19 May 13:30 to 18:30 (BST) Speakers include @devikadutt.bsky.social, @ggouzoulis.bsky.social, Katie Kedward, Olga Mikheeva, @thomasrab.bsky.social and Hamisu Salihu. 𝐅𝐮𝐥𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬: www.postkeynesian.net/event/2026-0...
2026 Annual workshop | PKES
postkeynesian.net
Really important, impressive paper from my colleague Yuci Chen. #EconSky
Research being presented at the #ASSA2025 conference shows that migrants escaping drug violence in Mexico stimulate U.S. economies and boost employment rates for U.S.-born workers.
There’s a word to describe this phenomenon: financialization. “Instead of fostering long-term investment, productive work, and better goods and services that can provide all of us with better lives, a financialized economy rewards extraction, speculation, and short-term gains.”
Trump downplays concerns about federal officials using insider information to enrich themselves on prediction markets, saying "the whole world unfortunately has become something of a casino"