Category: Economics

Michael Albert: Beyond Marxism

Marxologists typically do all their quoting not caring that it makes normal people want to run and hide due to anticipating they will hear regurgitated unexplained old fashioned jargon

John Feffer: YOLO Economics

The economy, we have been taught, is a cat with considerably more than nine lives. The bottom might drop out of the stock market, but it will rebound — again and again. The Chinese were on top of the world, economically, for a thousand years or more, but then the colonial powers cut the country Read more…

Immanuel Wallerstein: Secular Stagnation, or is it worse?

If we are to behave sensibly, clarity of analysis is the first requirement, followed by moral choice, and political judgment

Noam Chomsky: A discussion on Neoliberalism

The United States made a major effort to monopolize the basic resource for the early industrial revolution, namely cotton

Richard D. Wolff: Rosa Remix: 100 years of capitalism’s global relocation

“Rosa Remix” is a collection of essays that examine Rosa Luxemburg and the relevance of her life and work to contemporary political struggles

Joseph Stiglitz: Reform or Divorce in Europe

To say that the eurozone has not been performing well since the 2008 crisis is an understatement

Sam Pizzigati: For the Wealthy, A Taxing New Worry

Thanks largely to Fleischer, this preferential tax treatment of “carried interest” has now become the single most notorious loophole in the federal tax code

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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