There is no reason to think that economists’ understanding of the economy is any better today than it was two decades ago, and people should know this
A Greek victory, however minor, against EU imposed austerity will shake a European establishment to its core
Those who accuse the Greeks of “recklessness” are mistaken: the creditors’ utter contempt for democracy left them with no other choice but a rupture.
Getting cars off the roads would help combat climate change and improve air quality. Government policy could make this happen. From Acela to Alaska, U.S. train travel offers a practical, affordable, and green alternative to travel by car and plane.
For several decades, state and local governments have been showering private businesses with tax breaks and direct subsidies based on the theory that this practice fosters economic development and, therefore, job growth. But does it?
While the world’s media focuses on the bailout negotiations, a debt audit is underway to prove much of Greece’s debt illegitimate, illegal and odious
“Free trade” agreements are nothing more than initiatives to cement corporate control over all aspects of society
A default would reduce the value of the Euro further and theoretically provide another boost to exports and the sagging Eurozone economy
In recent decades there has been an enormous growth of interest in Marx’s ecological ideas, first in the West, and more recently in China
The only route for capitalists is to reduce wages and benefits. The only route for the 99 percent is an entirely different world