“Biden’s Awkward Democracy Summit”
The US trying even harder to tout the virtues of its ideas of democracy is not winning friends or influencing people.
Read more...Category Archives: Politics
Austerity for the Plebes, Bank Rescues for the Rich
The bank panic is proving to be an exercise in class warfare that may well wind up further strengthening the right.
Read more...Why the Repeal of Anti-Union Laws in Michigan Boosts Workers Nationwide
The union revival is gaining ground, with the latest win being the reversal of a “right to work” law in Michigan.
Read more...Herman Daly (1938-2022): The Economist for Our Time
The double question implied throughout Herman Daly’s work as an economist is this: “Is the economy for the people, or are the people for the economy?” nomy for the people, or are the people for the economy?”
Read more...Fossil Fuel Industry Phase-Out: Three Critical Worker Guarantees for a Just Transition
PERI research shows just transition policies are easily affordable in all high-income countries and critical to limiting climate change
Read more...US Continues Its Abuse of the EU With Recent Inflation Reduction Act Agreement
The deal allows European Commission President Ursula von der Leyen to sell a breakthrough without accomplishing anything for Europe.
Read more...Sen. Sanders Shows Fire, but Seeks Modest Goals, in His Debut Drug Hearing as Health Chair
“What am I missing in thinking that it’s cruel to make a medicine that people can’t afford?”
Read more...Crash Landing? Part 2 – The Usual Suspects
What parts of the financial system are most vulnerable to a crash?
Read more...Energy Transition Advocates Get A Reality Check
Big Oil rollls out new messaging designed to stoke worry about green energy plans.
Read more...Crash Landing? Part 1 – Bonfire of the Banks
Satyajit Das looks at how banks got themselves into so much trouble and what the recent bailouts portend.
Read more...The Fed Accused of ‘Playing With Fire’ After Latest Rate Hike
The Fed confirms that its priority is crushing workers, and it believes it’s protected banks enough to allow it to continue.
Read more...Kshama Sawant: Workers Strike Back
Sawant wants to take more forceful and concerted steps to advance workers’ interest. How do her ideas stack up?
Read more...How Monetary Policy Affects Bank Lending and Financial Stability: A ‘Credit Creation Theory of Banking’ Explanation
Another nail in “loanable funds”, which justfies austerity but does not explain how central banks produce credit and monetary growht.
Read more...How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis
Why the expected official response to this bank panic wil make matters much worse, just not right away.
Read more...Secession Is Here: States, Cities and the Wealthy Are Already Withdrawing from America
Alienation and separatism can go a long long way before getting to outright secession, and they still have real consequences.
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