Nouriel Roubini: Capitalism Must Be Saved From Itself

Staff / Truthdig Aug 15, 2011 Economist and New York University professor Nouriel Roubini explains that globalization, reckless lending and borrowing, and the redirection of income and wealth from industries dependent upon human labor and well-being to those composed mainly of capital (more). Dig deeper ( 2 Min. Read )

Gov. Walker Does ‘Something Big’

Stanley Kutler / Truthdig Mar 5, 2011 The tea-party-enabled Wisconsin Legislature is working overtime to protect its governor. The tea-party-enabled Wisconsin Legislature is working overtime to protect its governor. Dig deeper ( 6 Min. Read )

Obfuscating Unemployment

Moshe Adler / Truthdig Jan 27, 2011 During the Great Depression, high rates of unemployment prevailed for 11 years The experience of seeing a free market system drive itself into a rut that it cannot pull itself out of is nothing new And we have long known the solutionThe experience of seeing a free market system drive itself into a rut that it cannot pull itself out of is nothing new. Dig deeper ( 3 Min. Read )

Obama Pulls a Clinton

Robert Scheer / Truthdig Jan 19, 2011 Here we go again. When Bill Clinton suffered an electoral reversal after his first two years in office, he abruptly embraced the corporate money guys who had financed his congressional opposition in an effort to purchase a second term.This is a case of corporate blackmail pure and simple. Dig deeper ( 4 Min. Read )

The Man Who Shattered Our Economy

Robert Scheer / Truthdig Nov 17, 2010 Rejoice, the housing market is back. Sandy Weill just picked up a humdinger of a wine vineyard estate in Sonoma, Calif., for a record $31 million, so the foreclosure crisis must be over. Some guys have all the luck, particularly when they supply the dice. Dig deeper ( 4 Min. Read )

Poison at the Tea Party

By Dan Becker and James Gerstenzang Oct 27, 2010 The tea partyers issue dire warnings of the threat posed by government, but their movement ignores the threat from corporate America: pollution, dangerous products and banking practices that brought us the worst economic crash since the Great Depression.In their zeal to live free from outside interference, the tea parties are shooting at the wrong target. Dig deeper ( 3 Min. Read )

Down and Out in Silicon Valley

Staff / Truthdig Oct 26, 2010 Remember the heady days before the Internet bubble went and burst, as bubbles tend to do? California's Silicon Valley was one of the epicenters of that economic boom, but as this clip from Sunday's "60 Minutes" illustrates, things look a little different there these days. Dig deeper ( 1 Min. Read )

The Bipartisan Politics of Fear

Stanley Kutler / Truthdig Oct 14, 2010 Mercifully, the midterm election cycle is nearing its end. Both parties, we learn, are planning their “postmortem assessments.” The Daily Beast’s recent headline is a sign of the times: “Why Obama Can’t Lose in 2012.” Plan ahead. We have heard ad nauseam that Democratic losses are inevitable -- the governing party always suffers a setback in the midterm elections -- or so we are told. Dig deeper ( 6 Min. Read )

The ‘Clinton Bubble’: How Clinton Democrats Fostered the 2008 Economic Crisis

Robert Scheer / Truthdig Sep 17, 2010 Truthdig reposts an excerpt from Robert Scheer's 2010 book "The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street." This is the story of the groundwork laid for the collapse of the U.S. economy—a catastrophe from which working blacks in particular still have not recovered. Dig deeper ( 6 Min. Read )

Where’s the Recovery?

Bill Boyarsky / Truthdig May 18, 2010 As President Barack Obama, speaking last week in Buffalo, N.Y., was assuring the country that “our economy is growing again,” the usual large number of unemployed lined up at a community aid center in Los Angeles for food, clothing, advice and help finding a job.As President Barack Obama was assuring the country that “our economy is growing again,” the usual large number of unemployed lined up at a community aid center in Los Angeles for food, clothing, advice and help finding a job. Dig deeper ( 4 Min. Read )

Oh, the Naiveté, Mr. Krugman

Staff / Truthdig Dec 15, 2009 Here we have one of those columns that might have initially been missed (even by those of us who blog fastidiously about such things) that bears repeating, or re-posting, as the case may be: We submit, for your consideration, Paul Krugman's latest column. That is all. Dig deeper ( 1 Min. Read )

Steve Fraser on the Crisis of Capitalism

BLANK Nov 6, 2009 Does the prospect of deepening economic meltdown and political disarray raise the specter of a social upheaval and, perhaps, the collapse of capitalism, the likes of which we haven't seen since the Great Depression?Does the prospect of deepening economic meltdown and political disarray raise the specter of a social upheaval and, perhaps, the fall of capitalism? Dig deeper ( 20 Min. Read )