The most reliable guide to understanding neoliberalism is Jack Rasmus’s book, Central Bankers on the Ropes, which examines the fundamental role of central banks in our current savage global economy.
Contrary to many critiques of rising debt levels since 2009, it is not the level of debt itself that is the problem and the harbinger of the next financial crash. It is the inability to pay for the debt, the principal and interest on it, when the next recession occurs
Is it a presidency where he makes his late night calls to his moneybag friends, like the billionaire Mercers and others, to find out “How am I doing guys’’? while the rest of the representatives of the economic and political elite run the show? Is this a Trump presidency or a government by Generals-Goldman Sachs-Pence, with son in law Kushner functioning as intermediary between them
Trump is a dedicated free trader. He just rejects multilateral, multi-country free trade deals like TPP and NAFTA. He wants even stronger, pro-U.S. business free trade deals and intends to renegotiate the existing multilateral treaties—to the benefit of U.S. multinational corporations and at the expense of the U.S. trading partners
On one hand, Trump appears to moving closer to traditional Republican party elite positions on big reductions of taxes on corporate-investor elites and on delivering longstanding elite demands to deregulate business; at the same time he appears to be moderating his position with regard to that third top priority of the U.S. neoliberal elite
How could American voters come to elect Trump? How could they vote for a candidate that they simultaneously were giving a negative rating of 60 to 80 percent? That fundamental question will haunt this election.
It has now become clear that the 2016 U.S. presidential election is unlike preceding elections
The recent 0.5 percent growth rate is the latest in a steady declining U.S. GDP growth trend over the past year.
The irony of the Krugman/Gang of Four attack is that Sanders’s proposals represent what were once Democratic party positions and programs—positions that have been abandoned by the party and its mouthpiece economists since the 1980s as it morphed into a wing of the neoliberal agenda.
Poll after public opinion poll in the U.S. today consistently show that U.S. voters overwhelmingly share the opinion that big money billionaires and their corporations were increasingly dominating U.S. elections.