Latest Economy
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Bello: Why financial sector reform is not enough
The real battle is now between two post-globalization camps: social democrats… and fascists
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Walters: North Carolina co-ops building a more democratic economy
Every employee at Opportunity Threads is hired with the expectation of becoming a worker-owner who gets to vote to determine how profits are divided, how new members are recruited, and how the cooperative invests in the local community
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Taibbi: Ten Years After the Crash, We’ve Learned Nothing
The great financial catastrophe of our times is still badly misunderstood, and led to grotesque consequences, including the election of Donald Trump
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Roos: Crisis of global capitalism never really ended
With inequality on the rise, global debt higher than ever and international tensions intensifying, the political backlash to the crash of 2008 has only just begun
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Parramore: The Next Financial Catastrophe is Cooking
Ten years after Lehman Brothers’ collapse, the Wall Street casino is running amok
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Day: A Blueprint for Calling the Question
Politicians are paying attention to socialists these days. We should compel candidates to adopt pro-worker laws, pick fights with business, and talk openly about class conflict
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Collins: The Downside of Boston’s Luxury Building Boom
A new report shows the boom is not doing enough to address Boston’s acute affordable housing crisis and will accelerate economic inequality in the city
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Baker: Wall Street’s Trillion Dollar Babies
Last month Amazon joined Apple, becoming the second company in the world to have a $1 trillion market capitalization
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Sherman: Trump’s Economy Is on a Path to a Bust
It is normal for every capitalist economy after an economic recession to have toward the end of its expansion a large boom in profits and production, but also an increase in inequality, which will cause a lack of buying power, leading to a new bust
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Rasmus: Amazon the Job Killer: Yesterday, Today & (AI)Tomorrow
Over the 2020 to 2030 decade, Amazon the tech company will be at the leading edge of AI development and its devastating negative impact on the majority of jobs and wages
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Meyerson: The Labor Question is Back, Big-Time
Like frogs in a slowly boiling pot, Americans are finally realizing how dire their labor situation is
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Fouskas: The US-Turkey standoff in context
Global capitalism and the crisis of hegemony
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Rasmus: Labor Day 2018: The Myth of Rising Wages
US wages have been declining for some time and that decline continues in 2018 despite the media-government spin that wages are rising in America
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Weisbrot: The Transatlantic Alliance Will Survive Trump
Every week, and often more than once a week, there...
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Dolack: Revised NAFTA another Trump scam
The Trump administration is actually composed of large industrialists and financiers, to a degree perhaps unprecedented in modern times, so all the more are those interests promoted
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Burrowes: Exposing the Giants: The Global Power Elite
Giants: The Global Power Elite is a call to action by Peter Phillips
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...
