Sonali Kolhatkar / TruthdigFeb 20, 2015
The world is watching to see if the anti-austerity party Syriza can turn things around for Greece Success may inspire hope in the economically desperate across the globe -- and fear among the elites Success may inspire hope in the economically desperate across the globe—and fear among the elites. Dig deeper ( 5 Min. Read )
Donald Kaufman / TruthdigNov 12, 2014
Comparisons between post-2008 America and the economic quagmire of the 1930s have been circulating for years, but a new study out of the London School of Economics sets the country back even further -- and moves the decimal point back a couple of spaces on the 1 percent to highlight an even smaller and richer demographic. Dig deeper ( 2 Min. Read )
Alexander Reed Kelly / TruthdigApr 8, 2014
Former Wall Street executive, financial journalist and Truthdig contributor Nomi Prins tells "Democracy Now!" how a small number of bankers have played critical roles in shaping a century’s worth of financial, foreign and domestic policy in the United States, a series of events that she documents in her new book, "All the Presidents' Bankers: The Hidden Alliances That Drive American Power." Dig deeper ( 1 Min. Read )
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Nomi Prins / TruthdigMar 12, 2014
Inequality is endemic to the core structure of an America that operates more as a plutocracy than a democracy. It is an inherent result of the consolidation of a substantial amount of both financial power and political influence in the hands of a few families. Inequality is endemic to the core structure of an America that operates more as a plutocracy than a democracy. Dig deeper ( 5 Min. Read )
Alexander Reed Kelly / TruthdigJan 16, 2013
New York Times columnist and Nobel Prize-winning economist Paul Krugman drew on 20th century U.S. history to explain to Bill Moyers how a Washington that was willing to spend could end the present American depression. Dig deeper ( 1 Min. Read )
Alexander Reed Kelly / TruthdigAug 7, 2012
At the height of the financial crisis, The Guardian identified 25 bankers, economists, politicians and financial officials who helped bring about the worst economic crisis since the Great Depression. What are they up to now? Dig deeper ( 2 Min. Read )
Staff / TruthdigMay 8, 2012
After the first few years of the Great Depression there was a sense that “we’re gonna get out of it." It's quite different now. For many people in the United States, there’s a pervasive sense of hopelessness, sometimes despair. I think it’s quite new in American history. And it has an objective basis. Dig deeper ( 12 Min. Read )
By William DrozdiakJan 14, 2012
In “After the Fall: The End of the European Dream and the Decline of a Continent,” Walter Laqueur explains how Europe’s success in constructing a harmonious community of states actually masked serious social, economic and political vulnerabilities that proved too fragile to bear the world’s most severe financial crisis since the Great Depression. Dig deeper ( 4 Min. Read )
Staff / TruthdigNov 26, 2011
From his seat in Congress, House Speaker John Boehner announced in mid-September that American business owners would continue to hold the nation's wealth (and thus the public welfare) hostage until government granted them the “low-tax, deregulated world they wanted,” writes journalist and author Thomas Frank in Harper’s online. (more) Dig deeper ( 2 Min. Read )
Staff / TruthdigNov 9, 2011
Picture, if you will, the Great Depression. Unless you actually lived through it, or close enough, chances are your mind might conjure up images of bread lines, bleak Dust Bowl landscapes or hungry, huddled families, and they're probably in black and white. Dig deeper ( 1 Min. Read )
Bill Boyarsky / TruthdigOct 28, 2011
While Occupy Wall Street and similar movements around the country take aim at financial institutions and their political cronies for taking the country into recession, let’s not forget those at the very bottom who were victims of economic depression long before the current collapse.Let’s not forget those at the very bottom who were victims of economic depression long before the current collapse. Dig deeper ( 4 Min. Read )
Staff / TruthdigSep 21, 2011
The demise of the European Union has begun with riots; scholars afraid of repression are creating alternate Internets; meanwhile, the Occupy Wall Street protests are starting to get some traction with the mainstream. These discoveries and more after the jump. Dig deeper ( 2 Min. Read )
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