Now that so many people have realized that the capitalist system is riddled with problems, they want a clear explanation about the functioning of the system. They are dissatisfied and impatient with how school courses, ...
Biden’s $1.9 trillion relief package is necessary for a rapid recovery for all, but it’s only a first step toward attaining broader economic security. The new Democratic administration is poised to make its first proud ...
The more victims and critics of capitalism coalesce and thereby strengthen one another, the more that economic system is questioned and challenged. That in turn provokes capitalism’s defenders. They increasingly resort to attaching qualifying adjectives ...
“The spectacle of political “leaders” disconnected from basic social realities survived Trump’s defeat.” The spectacle of political “leaders” disconnected from basic social realities survived Trump’s defeat. He and his GOP had shown little grasp of ...
The utter failure of private capitalism to prepare for the coronavirus should have surprised no one. Private capitalism, as business school graduates repeat, focuses on profit. The “profit incentive,” they learn, makes private capitalism the ...
According to the IMF, the COVID-19 related economic downturn of 2020 is the world’s worst since the Great Depression. On April 14, the International Monetary Fund released a grim outlook for 2020, making the COVID-19 ...
“Unpriced risk was the main cause of the Great Recession in 2007-2008.” (By: Jake Johnson, Common Dreams) New research published Monday warns that extreme weather driven by the climate crisis could bring about an economic recession ...
“The IMF is anyway very predictable when it comes to their policy recommendations. It’s almost always a combination of austerity, privatizations, revisiting the currency regime.” On Wednesday, the Lebanese government requested the International Monetary Fund ...
“The financial industry may have been overshadowed by Big Tech in recent years but remains at the heart of the question of whom the economy works for. You would assume this would merit the attention ...
“We don’t have any basis or any evidence for calling this a hot labor market.” – Fed Chairman Jerome Powell Despite strong job growth and a 50-year low unemployment rate, nearly half of all American ...
“CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills.” A new study from the Economic Policy Institute (EPI) found that average CEO ...
Madrid recently began requiring the homeless to report their income from activities such as begging, performing in the street or selling trinkets and scrap metal for taxing purposes. Social workers and advocates for the homeless ...
“The minimum wage law very clearly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay ...
The constant shouting about how women make 77 cents for every dollar a man makes is a misleading and ultimately inaccurate statement. Women are working more than they ever have and are in turn making ...
America’s current economic situation is not one of financial security or encouraging growth. Below the surface of our 106+ month-long “recovery,” now the second longest on record, is a sense of anxious anarchy in American ...
Study found that candidate Trump’s plan would result in nearly 30,000 added deaths per year from all causes, while a plan put forth by Bernie Sanders would actually save 31,302 lives annually. (Common Dreams) A ...
Reposted from Bloomberg.com by Andrea Wong, May 20, 2016 Failure was not an option. It was July 1974. A steady predawn drizzle had given way to overcast skies when William Simon, newly appointed U.S. Treasury ...
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