Latest Economy
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Baker: Donald Trump’s Big Pharma First Agenda
The pharmaceutical industry will fight like crazy to block any efforts to modernize the system of financing drug research
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Who could possibly be against doing something that would be both good for the environment and improve housing affordability in our biggest cities?
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Rosenberg: Pharma Paid and Trump Delivered
Trump blamed foreign countries for high drug prices in the US and reversed his campaign pledge to use Medicare’s buying power to negotiate lower drug prices. Pharma stock prices rose; the shilling paid off
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BAE Systerms weapons have been involved in countless atrocities - and we saw board members doing backflips to avoid accountability
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Contributors: Google worker rebellion against military project grows
An internal petition calling for Google to stay out of "the business of war" was gaining support Tuesday, with some workers reportedly quitting to protest a collaboration with the US military
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Baker: Workfare for the Private Equity Crew?
The state of Colorado paid over $1 billion to investment managers over an eight-year period to lose the state money
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Reich: Trump’s Drug Pricing Scam
Trump doesn’t want to take on Big Pharma. As has been typical for him, rather than confronting the moneyed interests in America he chooses mainly to blame foreigners
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No longer shuttered away in a factory, today’s working class is interwoven into nearly every aspect of American society. But we don’t really hear much about it
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Newkirk II: Big Pharma Gets a Big Win From Trump
The president campaigned on stinging criticisms of the pharmaceutical industry and promises to use Medicare to lower drug prices. But none of that materialized in his drug-pricing speech this week
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Kampf-Lassin: Sanders’ Plan to Expand Union Rights and Workplace Democracy
As workers are proving across the country, winning a better standard of living is possible, but it can only come about through demanding—and practicing—democracy on the job
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Dolack: If you incentivize pollution, you incentive death
Once again, it is impossible to have infinite growth on a finite planet
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Gabby: Subway Woes? Don’t Blame Workers
“Dirty, delayed, and dangerous.” That’s the slogan of a new ad campaign that blames New York City’s subway woes on construction unions
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Rasmus: Is the US-China Trade War for Real?
The US trade offensive targeting China was set in motion at least a year ago, in spring 2017. It surfaced last August 2017
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Baker: The Stock Market, Arithmetic and CEO Pay
If CEOs were again paid 20 to 30 times the wages of ordinary workers, instead of the current 200 to 300 times, it would have an impact on pay structures throughout the economy
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Reich: The Monopolization of America
The Biggest Economic Problem You’re Hearing Almost Nothing About
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Spencer: The need to work less is a matter of life and death
If we want a better future, we need to continue the collective struggle for less work. Our lives may depend on it
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Weisbrot: US Interventions in Latin America Continue and Intensify
Most US citizens don't realize it, but the US government has continued and even intensified its regime change agenda in Latin America and successfully helped reverse the so-called "pink tide"
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Cooper: It’s Time To Build New, Mixed-Income Public Housing
Social housing presents a kind of alternative, a way we can configure our shelter provision that can create healthier, more permanent types of communities
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Land: The House Farm Bill Doubles Down on TANF’s Mistakes
Cash assistance is broken in America. If the House Farm Bill passes, the same thing could happen to food assistance
ZMag Economy
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Surin: Extreme Poverty in the U.S. is a Political Choice of the Powerful
Alston began his statement on the U.S. by saying that “in practice, the United States is alone among developed countries in insisting that while human rights are of fundamental importance, they do not include rights that guard against dying of hunger, dying from a lack of access to affordable healthcare, or growing up in a context of total deprivation.
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Dolack: Tax Cuts & Social Security
Lurking behind this devastating corporate offensive is the little matter of the extra $1.5 trillion to be added to the deficit.
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Rasmus: Breibart Billionaire Board Bashes Bannon
In the months ahead the Republican wing—for whom Trump has nicely delivered in the form of tax cuts in the trillions of dollars and with whom Trump is now playing ball with regard to free trade—will circle the wagons on behalf of Trump. The Republican party wing of the elite don’t want to drive Trump from the White House
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Herman: Publishing Edward S. Herman
An important semantic development of the past decade that is closely related to the doublespeak of moderateness and extremism is the new usage of the concept of “special interests.”
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Rasmus: A Letter of Thanks To Our Wealthiest 1 Percent
Your stewardship of the U.S. economy has allowed us to keep 5 percent of all the national income created since the last recession in 2009; while you wealthiest 1 percent got to keep the other 95 percent created since the last recession in 2009; while you wealthiest 1 percent got to keep the other 95 percent
Video Economy
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Chomsky: Will organized human life survive?
Noam Chomsky is Political Awareness Committee Student Organization Speaker at St. Olaf College
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Weisbrot: Trump Renews Venezuela Sanctions
Trump renewed Obama's sanctions against Venezuela, declaring it an "unusual and extraordinary threat" to the US, violating international law in the process
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Conway: ‘It’s Not Mass Incarceration, It’s Targeted’
Prisons aren't "correctional" facilities, because they have no interest in correcting anything; the multibillion-dollar prison industry is interested in profits, and institutional racism keeps the money flowing
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Hudson: Trump Privatizes America
Trump's infrastructure privatization plan is a hat trick that optimistically turns $200 billion into $1.5 trillion, is designed to eliminate the public sector and to bankrupt cities and states
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Henwood: The Fights Within the US Ruling Elite
The bestseller Fire and Fury not only confirms the worst we suspected about the Trump White House, but it also puts the fights within the US ruling elite on display
Audio Economy
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Rasmus: China Chasing Its Shadows
A look at China’s efforts since 2010 to tame its foreign ‘shadow banks’ that have been playing a central role in creating financial bubbles in its residential housing, local infrastructure, and currency markets
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Rasmus: Coporations 5, Workers -1
Dissecting key provisions in the Republican Congress’s recently passed ‘Omnibus’ Appropriations bill
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Rasmus: Oil Deflation, Russia’s Recession, and Ukraine Depression
Reviewing the continuing collapse of global oil prices and its effect on the emerging recession in Russia, continuing economic stagnation in Europe, and the deepening Depression in the Ukraine economy
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Rasmus: The Consequences of the Global Oil Price Crash
Talk on how the net effect on the global economy will likely prove to b significantly negative overall, and that the price decline could fall as low as $40/barrel in coming months
Economy Blogs
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Bohmer: Thomas Herndon’s Dismantling of Study Justifying Austerity
April 20, 2013 Thomas Herndon studied economics and political...
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Greeman: Scrooge Accepts Nobel Peace Prize
Brussels, Chrismas Eve, 2012. (From our Special Correspondant). Reactions...
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Wilson: Farm Bill: Turn Back? Take Back the Clock!
“These words may fall with an ominous sound on the...
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Wilson: Slides: The Dairy Crisis and the Farm Bill
The US (and beyond) dairy crisis is an enormous tragedy...
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Wilson: PRIMER: Revenue Insurance in the 2012 Farm Bill
PRIMER: Revenue Insurance in the 2014 Farm Bill This is...
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Wilson: PRIMER: Farm Justice Proposals for the 2012 Farm Bill
Primer: FARM JUSTICE PROPOPOSALS FOR THE 2018 FARM BILL FARM...
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Simpson: GOP Economics: Failure Is Not An Option. It’s a Requirement.
Republicans are very good at confusing people about...
