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Tag: Economics


Saving Illinois: Getting More Bang for Its Bucks

The state is teetering on the edge of bankruptcy, and others are not far behind, largely because of unfunded pension liabilities. But solutions exist.

Posted on Jul 24, 2017 READ MORE


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The Real Political Obstacle Facing Single-Payer

Universal health care is hitting a snag, but there may be a way around it; Democrats should give up on centrism if they want to win elections; as photo forgeries improve, are people getting better at spotting them?

Posted on Jul 23, 2017 READ MORE


Robert Scheer on the New Cold War and ‘Faux Redbaiting’ (Video)

The Truthdig editor in chief sits down with “Watching the Hawks” co-host Sean Stone to discuss foreign policy under President Trump, the demonization of Russia and media bias.

Posted on Jun 3, 2017 WATCH & LISTEN


Economist Richard Wolff Compares Jeremy Corbyn to Bernie Sanders (Video)

In a discussion about the political turmoil roiling the European Union, the renowned Marxist thinker talks about Europe’s left and the U.K.’s Labour Party leader (shown left; Sanders right).

Posted on Jun 1, 2017 WATCH & LISTEN


At a Time of Deep Divisions, a Danish Ad Reminds Us of the Importance of What We Share (Video)

In an episode of “The Trews,” host Russell Brand highlights a TV spot that cleverly shows how social categories based on such factors as age or class conceal what we have in common.

Posted on May 28, 2017 WATCH & LISTEN


Richard Wolff: U.S. Economic Education Gives the Illusion That ‘Everything Is All Right’ (Video)

The renowned Marxian economist condemns American education for purposely keeping people in the dark about how the economic system works and how it threatens them.

Posted on May 11, 2017 WATCH & LISTEN


Yanis Varoufakis: Basic Income Will Be a Major Part of Any Attempt to Civilize Capitalism (Video)

“Think of basic income as a trust fund for all our children,” the Greek economist said at an acTVism event, “to be financed by dividends from our aggregate capital—which was, after all, created collectively.”

Posted on May 4, 2017 WATCH & LISTEN


The Problem With How Governments Pay for Wars (Video)

Economist Richard Wolff explains how corporate banks and politicians exploit the system of money printing to gain political capital or warrant military efforts.

Posted on Apr 14, 2017 WATCH & LISTEN


Economist Richard Wolff on Why All Debts Should Periodically Be Forgiven (Video)

The former University of Massachusetts economics professor explains the historical role of credit in helping to preserve communities.

Posted on Mar 21, 2017 WATCH & LISTEN



Why Trumponomics Fails

Donald Trump’s “America First” economics is pure demagoguery.

Posted on Feb 20, 2017 READ MORE



Donald Trump Picks ‘China Hawk’ Peter Navarro to Lead Newly Created Trade Council (Video)

Enter Navarro, an economics expert who threw in early for Trump’s candidacy and shares some of the president-elect’s more controversial views on foreign policy—in fact, Navarro’s ideas have guided Trump’s own on one very significant subject.

Posted on Dec 21, 2016 READ MORE


Why Liberal States Won America’s Tax Experiment (Video)

By Robert Reich / RobertReich.org

For years, conservatives have been telling us that a healthy, business-friendly economy depends on low taxes, few regulations and low wages. Are they right?

Posted on Dec 12, 2016 WATCH & LISTEN



What Donald Trump Means for the Economy

Trump and congressional Republicans will be able to pass an agenda that jeopardizes middle-class Americans.

Posted on Nov 14, 2016 READ MORE


Political Economist Michael Hudson on Why Trump Is the ‘Lesser Evil’

If Hillary Clinton is more capable of wielding U.S. military and financial dominance to endanger lives at home and abroad, does that make Trump the better choice in 2016? Hudson weighs in during an interview with Renegade Inc.

Posted on Nov 7, 2016 WATCH & LISTEN



Robert Frank Talks ‘Radical Pragmatism’ and the Economy (Audio)

A leading economist on why we should scrap the income tax for one on conspicuous consumption, and why we should consider a national guaranteed income.

Posted on Oct 31, 2016 READ MORE



The Nobel Prize in Economics Is a Force for Market Fundamentalism

The honor dignifies those who advocate surrendering the public’s power to ensure the common welfare and legitimizes the destruction such policies create, writes Avner Offer, economic historian at Oxford and co-author of a new book on the award.

Posted on Oct 10, 2016 READ MORE



What Will Donald Trump Do if Elected President?

Armed with the finding that U.S. presidents fulfill more than 70 percent of their campaign promises, New Yorker contributor Evan Osnos spoke with a wide range of experts to try to determine what Trump will do if he wins.

Posted on Oct 3, 2016 READ MORE



Celebrating the 1 Percent: Is Inequality Really Good for the Economy?

In his new book, “The Great Escape: Health, Wealth, and the Origins of Inequality,” Scottish economist Angus Deaton practices public relations for the rich.

Posted on Sep 30, 2016 READ MORE



Dire Effects and Warnings of Climate Change Are Going Unheeded

New scientific studies address lack of awareness of the adverse economic, social and biodiversity effects that climate change is already having.

Posted on Sep 23, 2016 READ MORE



The Euro

The timing couldn’t be better for this new book, which recounts the tragic irony of how the euro, which was supposed to bring Europe together, is in fact driving it apart.

Posted on Aug 27, 2016 READ MORE


Why a Tax on Wall Street Trades Is a Great Idea (Video)

By Robert Reich / RobertReich.org

One of Bernie Sanders’ most important proposals didn’t receive enough attention and should become law.

Posted on Aug 14, 2016 WATCH & LISTEN



The Shell Game of the Economic Elite’s Hamilton Project

The think tank created 10 years ago by ruling-class maestro Robert Rubin (pictured above) at the Brookings Institution has helped define the fake-progressive, neoliberal essence of the Barack Obama presidency.

Posted on Aug 9, 2016 READ MORE



The Costs and Dangers of Climate Change Are Escalating

Scientific reports released for a conference on disaster risk reduction warn that people are already dying and economies being hit by climate change—and that the dangers are growing.

Posted on Jul 21, 2016 READ MORE



Queerness and the Next System: Opening Up the Discussion

For centuries, the erasure of LGBTQ people from public policy has been the norm, but discussions about the economic future cannot sideline conversations around gender, sex and sexuality.

Posted on Jun 20, 2016 READ MORE



Global Warming Threatens the Material Basis of the Global Economy

Research shows that the effects of extreme heat and weather events on production of raw materials has far-reaching and costly financial implications.

Posted on Jun 17, 2016 READ MORE



State Lawmakers Attack Efforts to Make Local Economies More Inclusive

Across the country, state legislatures are working to make municipal attempts to leverage public spending for local job creation illegal.

Posted on May 19, 2016 READ MORE



What’s Yours Is Mine

The Sharing Economy, epitomized by companies such as Uber and Airbnb, “is a movement for deregulation,” Tom Slee writes. “It’s not about building an alternative to a corporate-driven market economy; it’s about extending the deregulated free market into new areas of our lives.”

Posted on May 2, 2016 READ MORE



An Alternative After a Likely Bern-Out: The Green Party’s Jill Stein

Jill Stein’s platform is all about job creation through a green infrastructure plan, resuscitating trade unions, fostering worker cooperatives and slashing defense spending. Is it a pipe dream or simply the future?

Posted on Apr 28, 2016 READ MORE



Survey: A Majority of American Millennials Now Reject Capitalism

Just 42 percent of Americans between ages 18 and 29 support the economic system with which the United States itself is often equated, Harvard researchers found.

Posted on Apr 27, 2016 READ MORE


The Panama Papers: Laundering Havens for War Budgets (Video)

In mid-April, economist Michael Hudson told The Real News Network that global oil and mining industries and the U.S. State Department created Panama and Liberia for the express purpose of tax evasion.

Posted on Apr 25, 2016 WATCH & LISTEN


‘Days of Revolt’: Wall Street Criminals and the Future of Our Economy (Video)

In the second part of an interview from teleSUR’s “Days of Revolt,” Truthdig contributor Chris Hedges continues his discussion of “junk economics” with professor Michael Hudson.

Posted on Apr 1, 2016 WATCH & LISTEN


‘Days of Revolt’: Chris Hedges, Michael Hudson Discuss How We Got to Junk Economics (Video)

The federal debt has exceeded $19 trillion. One reason for the record-high figure is a gigantic Ponzi scheme that defines the U.S. and global economies.

Posted on Mar 24, 2016 WATCH & LISTEN



Donald Trump: Jobs Will Solve the Problems Black Americans Face

Asked by Washington Post staff whether he saw disparities in the way U.S. law enforcement treats blacks and whites, the Republican presidential candidate avoided answering directly and proposed that inner-city blacks need employment.

Posted on Mar 24, 2016 READ MORE



Paychecks Shrink Even as U.S. Economy Adds Jobs

U.S. industry added 242,000 jobs in February—but the major gains were in low-wage industries, and average hourly earnings dropped 3 cents. And unemployment rates remained far higher for minorities than for whites.

Posted on Mar 7, 2016 READ MORE



A Warming World Would Rob From the Poor and Give to the Rich

As temperatures rise with climate change, the earth’s natural capital will change too—but there may be few winners, even among the wealthy.

Posted on Mar 7, 2016 READ MORE



The Most Important Issues for Activists in 2016: An Interview With Kevin Zeese

The longtime political activist pinpoints what activists should be paying attention to in the new year, including the killing of people of color by the government through police violence, the climate crisis and the duopoly scam of American politics.

Posted on Jan 7, 2016 READ MORE



The Economy in 2016: Buying Time Before All the Old Problems Resurface

What’s in store for the world economically in the new year? While he cautions against predictions, Guardian economics editor Larry Elliott projects that “there will be no explosion in 2016, but a fuse will be lit.”

Posted on Dec 28, 2015 READ MORE



The Hidden and Deadly Bias of Class

White working-class voters have been a key building block of the Republican coalition since the rise of the Reagan Democrats 35 years ago. You would think that the party’s presidential candidates would want to respond to the heartbreaking crisis these Americans are facing.

Posted on Nov 11, 2015 READ MORE



An Open Letter to Fed Chairwoman Yellen From America’s Beleaguered Savers

“Start imagining what we, the savers, have to endure because of plutocratic, crony capitalism for which the Federal Reserve has long been a leading Tribune.”

Posted on Oct 31, 2015 READ MORE


VIDEO: Chris Hedges and John Ralston Saul Discuss Neoliberalism, False Populism and Donald Trump

“I think that the word ‘ideology’ has to be used very carefully. But when people come forward with rather simplistic truths—you already know you’re in trouble when they say they’ve got the truth—and they say: ‘This is what must happen. This is how things work. This is what dominates society.’ That’s an ideology.”

Posted on Oct 27, 2015 WATCH & LISTEN



Wages Set to Fall Unless Temperature Rise Is Tackled

Researchers say the economic costs of failing to take action on climate change will be much greater than previously thought—with average global incomes cut by almost a quarter.

Posted on Oct 23, 2015 READ MORE



Hurricanes Wreak Economic Havoc as World Warms

Analysis of insurance data convinces environmental economists that climate change is pushing up the cost of dealing with the disastrous effects of extreme weather events.

Posted on Oct 22, 2015 READ MORE



New 2015 Wealth Data Reveal U.S. Inequality at Its Ugliest

According to new data, nearly 50 million of America’s 243 million adults are part of the world’s poorest 10 percent.

Posted on Oct 19, 2015 READ MORE



Global Warming Will Impoverish Oceans

Rising temperatures and acidification threaten to create a hostile ocean environment that will cause a serious collapse in the food chain.

Posted on Oct 14, 2015 READ MORE



Risk of Global Financial Crash Has Increased, IMF Warns

The International Monetary Fund says a slowdown of the Chinese economy and a decline in world trade are undermining the stability of highly indebted emerging economies.

Posted on Oct 8, 2015 READ MORE



Bubbles Always Burst: The Education of an Economist

To learn about the topics that interested me most as a young economist, I had to leave university and go to work for banks.

Posted on Sep 30, 2015 READ MORE



Investors Opt Out of Fossil Fuels as Climate Summit Nears

As momentum builds for a new deal on climate change, investors are becoming increasingly nervous about having their cash in fossil fuels.

Posted on Sep 24, 2015 READ MORE



Arctic Thaw Would Cost Half the World’s Annual Earnings

If Arctic soils melt and release frozen carbon, the impact would cost almost half the world’s annual gross domestic product, researchers say.

Posted on Sep 23, 2015 READ MORE



How the Federal Reserve’s Economic Recovery Plan Fueled the Tech Bubble

The $3.6 trillion the federal government has pumped into the U.S. economy since 2008 fueled a tech bubble that led to startup valuations that far exceed those of successful established companies in traditional industries.

Posted on Sep 3, 2015 READ MORE



Financial Support for the People: The U.K. Labour Front-Runner’s Controversial Proposal

British MP Jeremy Corbyn has proposed a “quantitative easing for people” that has critics crying hyperinflation and supporters saying, “It’s about time.”

Posted on Sep 3, 2015 READ MORE


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