Category: Economics

Josh Bivens: A financial transaction tax would help ensure Wall Street works for Main Street

Summary What this report finds: A well-designed financial transaction tax (FTT)—a small levy placed on the sale of stocks, bonds, derivatives, and other investments—would be an efficient and progressive way to generate tax revenues. Gross revenues from a well-designed FTT would likely range from $110 billion to $403 billion. And net revenues (including offsets from Read more…

Kyla Sankey: What Happened to the Pink Tide?

Latin America’s “pink tide” governments challenge neoliberalism and US hegemony, but leave the basic structures of capitalism intact

Benjamin Selwyn: Rethinking Recovery: Poverty Chains and Global Capitalism

Reorienting value generated within ‘global poverty chains’ is essential to improve the lives of an impoverished world labor force

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Noam Chomsky: Anarchism, Communism and Revolutions

Revisiting some of the great radical traditions of the 19th and 20th centuries — namely, anarchism and communism

Pete Dolack: They throw us out of our homes but we get ice cream

This global phenomenon derives from a top-down global system, capitalism, under which housing is a commodity for private profit instead of a basic human right

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Patrick Bond: Bill Gates’ silver-bullet misfiring at the Mandela Memorial Lecture

Gates specialises in top-down technicist quick-fixes – ‘silver bullets’ – which often backfire on the economic shooting range of extreme corporate influence and neoliberal policies

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Robin Hahnel: Economic Growth, Climate Change, and Capitalism

In this interview, radical economist Robin Hahnel argues that ecological sustainability is perfectly compatible with increases in economic well-being

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Immanuel Ness: Working-Class Militancy in the Global South

A profound movement is emerging among workers in developing countries, demanding radical action on grievances outside the system of established unions

T.J. Coles: Why The Poor Stay Poor

The devastating wars raging across the Middle East can be explained in large part by America’s commitment to a doctrine of global militarism called “full spectrum dominance

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Jack Rasmus: Brexit—Cameron’s Faustian Bargain

The Brexit vote will prove merely a tactic for UK elites to try to extract concessions from their EU capitalist competition

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