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A Failing Grade For U.S. Job Creators
In a fancy bit of marketing U.S. capitalists have been reborn as “job creators.” As such, they were rewarded with lower taxes, weaker labor laws, and relaxed government regulation. However, despite...
View ArticleNeoliberalism Kills
On April 16, the Sewol, a South Korean passenger ferry, sank. The Sewol carried over 400 people, the majority of whom were young students on a field trip to Jeju Island. More than 260 people have...
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The Student Debt Squeeze
Student debt is a major and growing problem for young people, their families, and our economy. Despite the fact that everyone knows this, it keeps getting worse. According to the Wall Street Journal,...
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Still The World’s Top Military Spender
According to the Stockholm International Peace Institute, the United States remains the world’s top military spender. In fact, U.S. military spending equals the combined military spending of the next...
View ArticleCorporations, Inequality, And Economic Stagnation
Wealth inequality isn’t just growing among individuals. It is also growing among corporations—and that is not good for the U.S. economy. According to Bloomberg News: Eighteen American businesses held...
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The No-Raise Expansion
Our current economic expansion is now past the five year mark and the gains for most working people are hard to find. Media attention has largely focused on the weak record of job creation. Less...
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No Light, No Tunnel
People are slowly but surely recognizing that there is no economic light at the end of the tunnel. In fact, it appears that we may be looking into a cave not a tunnel. The U.S. economy has undergone a...
View ArticlePrivatization Failure
Swedes will be going to the polls Sunday, September 14, and according to the Guardian it appears that they will vote the ruling center-right coalition out of power. The main reason: the privatization...
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US Policies Are Relatively Ineffective At Reducing Inequality
Government tax and spending programs can help reduce inequality—unfortunately US policies leave a lot to be desired. One of the most common measures of income inequality is the gini index. The index...
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Bad News For Global Wage Trends
The International Labor Organization recently published its Global Wage Report 2014/15. The report looks at global trends in wages and income inequality and its findings are far from positive for...
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Taxes and Politics
Americans have become increasingly critical of public policy as a means of addressing social problems. Many believe that public policies do not work but the reality is that public policies are often...
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Victory in Greece
Syriza won the Greek election and its leader, Alexis Tsipras, is now prime minister—the Greek people showed bravery and intelligence and we should be studying as well as supporting the efforts of...
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The Federal Budget In Pictures
The following charts, taken from a National Priorities Project post, highlight our federal budget priorities. As the post explains: President Obama recently released his fiscal year 2016 budget...
View ArticleClass Interests and Economic Policy
The conventional wisdom is clear—our economic policies should aim at boosting profits. Success will translate into investment and jobs. Unfortunately for us, the conventional wisdom is wrong. Profits...
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Corporations in Control
President Obama continues to press for a form of fast track approval to ensure Congressional support for two major trade agreements, the Trans-Pacific Trade Partnership Agreement with 11 other...
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The Disappearing State Unemployment System
Business has failed to create the jobs we need and our public policies are failing to protect those who are unemployed. As an Economic Policy Institute report explains: The drop in the official...
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Taxes and Militarism
Tax day has come and gone. And there is indeed a lot to complain about: our corporations and the wealthy have successfully minimized their own tax responsibilities, leaving us to support a powerful...
View ArticlePrivatization Failure
Swedes will be going to the polls Sunday, September 14, and according to the Guardian it appears that they will vote the ruling center-right coalition out of power. The main reason: the privatization...
View ArticleClik here to view.
US Policies Are Relatively Ineffective At Reducing Inequality
Government tax and spending programs can help reduce inequality—unfortunately US policies leave a lot to be desired. One of the most common measures of income inequality is the gini index. The index...
View ArticleClik here to view.
Bad News For Global Wage Trends
The International Labor Organization recently published its Global Wage Report 2014/15. The report looks at global trends in wages and income inequality and its findings are far from positive for...
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