Economy Archives - Page 14 of 18

Economy

Where Is the Risk in the COVID Economy?

A look at shadow banking

July 30, 2020 • by Janet Roitman and Andrew Moon

We are witnessing a public bailout of the private sector that dwarfs the bailout response to the 2007–2008 Great Recession. Compared to the $700 billion Troubled Asset Relief Program (TARP) implemented in 2008, today’s mobilization of public funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act amounts to ...

Economy

Even If Joe Biden Wins in a Blowout, the ‘Global Economy’ Is Not Coming Back

July 27, 2020 • by Marshall Auerback

Many will regard these developments as chiefly driven by geopolitical prerogatives. But over time, the driving engine of the process will be a combination of maturing technologies that are rewriting the laws of profitability in manufacturing and production for advanced economies. The various capacities that enabled a far-flung global supply ...

Even If Joe Biden Wins in a Blowout, the ‘Global Economy’ Is Not Coming Back

Feminism

Wages Against Essential Work

Our undervaluation of traditionally female work is coming home to roost

July 9, 2020 • by Alissa G. Karl

The streets around Highland Hospital, a few blocks from my house in Rochester, New York, are lined with signage “thanking” and “supporting” the “essential” workers who labor there. Many signs are hand-made, propped on porches or taped to light poles; others are mass-produced, like campaign signs, anchored into residential lawns. ...

Capitalism

How Billionaires Get Away With Their Big Con

The rich have been successfully chipping away at Americans’ trust in government for decades

July 9, 2020 • by Thom Hartmann

About 75 percent of Americans trusted the federal government to “do what is right” when polled during most of the last years of the Eisenhower administration and early years of Lyndon B. Johnson’s presidency. In 2019, when the Pew Research Center released its most recent poll of public trust in the government, only 17 percent ...

How Billionaires Get Away With Their Big Con

Capitalism

There’s a Hidden Economic Trendline That Is Shattering the Global Trade System

Why economic nationalism is suddenly a fashionable excuse for countries to decrease their reliance on the existing global supply chains

July 8, 2020 • by Marshall Auerback and Jan Ritch-Frel

Covid-19 has accelerated a process that was well underway before it, spreading beyond U.S.-China-EU trade negotiations and into the world’s 50 largest economies. As much as many defenders of the old order lament this trend, it is as significant a shift as the dawn of the World Trade Organization (WTO) ...

There’s a Hidden Economic Trendline That Is Shattering the Global Trade System

Economy

We Won’t Have a Truly Global Economy Until We Start Taxing It That Way

Reconstructing our tax system is an integral part of future national industrial policy as we restart the economy

July 2, 2020 • by Marshall Auerback

Taxation is one of those areas that exposes the contradictions at the heart of globalization. Globalization of goods has proceeded quickly, as has the harmonization of industrial standards across countries. Harmonization of taxation? Not so easy. The power to tax is the ultimate national prerogative, one that very few sovereign nations would ...

We Won’t Have a Truly Global Economy Until We Start Taxing It That Way

Climate & Ecology

Let’s Make Sure We Get the Green New Deal Right

Covid-19 will force us to rethink many of the assumptions underlying existing GND proposals

July 2, 2020 • by Marshall Auerback

Advocates of the Green New Deal (GND) are looking to change the way we handle a range of problems facing society, especially in the wake of environmental challenges occasioned by climate change. In response, policymakers have suggested a variety of programs designed to deal with these challenges. Should any of ...

Let’s Make Sure We Get the Green New Deal Right

Fashion

Creative Careers: Making A Living With Your Ideas

A journey through fashion and design

June 17, 2020 • by B Jeffrey Madoff

I graduated from the University of Wisconsin in, Madison with a double major in philosophy and psychology. I tried to get a job as a sage, but he wisdom factories weren’t hiring, so I got a job in a small clothing boutique. One day a friend of mine called and ...

Creative Careers: Making A Living With Your Ideas

Capitalism

Don’t Sell Your Mind

June 16, 2020 • by Janet Capron

A few years ago, an exciting new publishing house named Unnamed Press published my memoir about street life in the seventies, including the time I spent hooking in various whorehouses and massage parlors around town. The book was well received, and I went on a small tour, where my readings ...

Capitalism

Tesla’s Latest Rip-Off

June 8, 2020 • by Pat Garofalo

That’s how one resident of Tulsa, Oklahoma, reacted to the city repainting a seventy-five-foot statue of an oil driller, erected in 1966, to look like Tesla CEO Elon Musk. Tulsa is reportedly on the short list—along with Austin, Texas—for a new Tesla Cybertruck factory, so local leaders are pulling out ...

Labor

I, Face Mask

A reconsideration of the classic essay, “I, Pencil”

May 27, 2020 • by Fred Block

“I, Pencil” uses a genealogy of an ordinary lead pencil to explain that nobody knows how to make one. It is, rather, the genius of the market system that coordinates the efforts of people around the world to manufacture the final product. They include loggers in Northern California, graphite miners ...

Finance

#Unis4all: An Open Letter to the U.S. Higher Education Community

Universities can immediately bypass feckless state and federal legislatures and finance themselves directly with “Unis” supported by the Federal Reserve.

May 22, 2020 • by Scott Ferguson, William Saas, Maxximilian Seijo and Benjamin Wilson

In truth, however, the collapse of the American university is far from inevitable. As the present health emergency suggests, moreover, it will take more than business-as-usual to remediate its long-standing structural inequalities and injustices, according to an emerging minority of educators, staff, and students. In our capacity as a 501(c)(3) dedicated to bringing accurate and ...