Category: Economics

John Buell: This time, it is the Students and the Unions that Need a Bailout for a Healthy Economy

An economy heavily leveraged and primarily dependent on stock buybacks and other financial manipulations is a luxury our society can no longer tolerate

Rod Driver: How the Rich Keep Workers Poor – Outsourcing and Sweatshops

Sweatshops are widespread. We could insist upon much higher standards all over the world for goods sold in rich countries

Chirag Dhara: The Delusion of Infinite Economic Growth

The real question is this: how do we transition to alternative economic paradigms founded on the reconciliation of equitable human well-being with ecological integrity?

Rod Driver: Keeping Poor Countries Poor: The Absurdity of Comparative Advantage

Poor countries are told to focus on labor-intensive tasks and growing crops for export. This is intended to keep them poor

Sam Pizzigati: What Happens Economically When Wealth Tilts to the Top?

Most of us see immoral ugliness wherever wealth concentrates. Much more lurks that we need to see

Alex N. Press: We’re Being Worked to Death by Capital

Long working hours kill more than 700,000 people per year, even as millions are unable to find enough work to survive. The irrationality of capitalism has a human price

Rod Driver: How the Rich Distort Politics

Excessive wealth distorts politics so that it does not represent ordinary people

CJ Polychroniou: Is Saving the Planet Under Capitalism Really Possible?

C. J. Polychroniou looks at the evidence and wonders if our leaders’ ever consider that capitalism is at the core of what’s causing life on Earth to vanish

Michael Hudson: America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism

From today’s U.S. vantage point, that polarization is the basic dynamic of today’s U.S.-sponsored neoliberalism. China and Russia are existential threats to the global expansion of financialized rentier wealth

Robert Pollin: The Global Economy in the Age of the Pandemic and Beyond

The global economy experienced a massive contraction in 2020, with the overall global GDP falling by 4.3 percent. Compare that with the 2008 global financial crisis, which triggered a 1.8 drop in global output in 2009

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