Category Archives: Politics

COVID-19 and the Working Class in the United States

Whither the working class after the Sanders campaign?

Give Us This Day Our Daily Bread: Coronavirus and Food Security

UN warns about coronavirus and food shortages. Will the crisis revive policies to encourage regional and national food self-sufficiency?

Covid-19 Hits the Dual Economy: Incomes Destroyed at the Bottom, Profits Supported at the Top

Why preserving (big) corporate profits will not bail out the economy.

COVID-19 and Class in the United States

Globalization , globalizers, and COVID-19.

How Far Will Trump Go To Save U.S. Shale

The U.S. shale oil industry had considerable problems before Saudi Arabia and Russia launched their oil price war. What comes next?

‘This Is a Massive Scandal’: Trump FDA Grants Drug Company Exclusive Claim on Promising Coronavirus Drug

Granting “orphan” drug status to Gilead Sciences for remdesivir, its potential coronavirus treatment, is a massive boon to the company.

At Long Last the Government Can Borrow Straight From the Bank of England – As Modern Monetary Theory Has Always Suggested It Should

The UK embraces modern monetary theory….and perhaps hopes no one notices.

Rule Number 1 for Government Bailouts of Companies: Make Sure Voters and Taxpayers Share in the Upside

If the public is to be asked to give bailouts to businesses, it should get something back for its money. It needs to share in any upside.

Sanders Calls for ‘Unprecedented Legislative Response’ to Coronavirus Crisis—Not Corporate Bailouts

Republicans have tabled a corporate bailout plan to calm markets. Can Bernie Sanders and others redirect the stimulus to reflate the economy?

Bailout Shenanigans: Making 2008 Look Good?

The bailout bill looks shameless, even by Trump Administration standards.

A Modest Proposal: Make Sure the Public Knows, in Real Time, When Congresscritters are Dumping Shares

The COVID-19 specter led Congresscritters to coo reassurance, and dump shares. A modest proposal: require immediate disclosure of trades.

Michael Hudson: A Debt Jubilee is the Only Way to Avoid a Depression

In the face of massive economic calamity caused by coronavirus, Michael Hudson argues a debt jubilee is the only way to avoid a depression.