Economy

UN Chief Warns of Impending 'Unprecedented Global Food Crisis'

"There is a real risk that multiple famines will be declared in 2022," said Secretary-General Antonio Guterres. "And 2023 could be even worse."

Julia Conley · Jun 24, 2022

Nearly empty bucket with grains in South Sudan

Sen. Bernie Sanders speaks at the Labor Notes conference

'Corporate Greed Is Destroying This Economy': Sanders Pushes for Windfall Profits Tax

Jake Johnson · Jun 24, 2022

Workers and Public Services Should Not Be the Victims of Inflation

Irene Ovonji-Odida · Jun 23, 2022

Sen. Elizabeth Warren questions Fed Chair Jerome Powell

Warren Warns Powell That Fed's Rate Hikes Could Drive US Economy 'Off a Cliff'

Jake Johnson · Jun 22, 2022

Civil Rights Groups Demand Biden Cancel at Least $50K in Student Debt Per Borrower

Julia Conley · Jun 22, 2022

Who Is to Blame for Inflation? The Power Brokers of Capitalism

A half-century long power play, led by corporations, Wall Street, governments, and central banks, has gone badly wrong.

Yanis Varoufakis · Jun 22, 2022

A customer refuels their car at a gas station in Petaluma, California on May 18, 2022.

Progressives Say Windfall Profits Tax a 'Better Solution' Than Biden's Gas Tax Holiday

"A windfall tax would get more relief to more people by penalizing the Big Oil profiteering that's driving up prices," said one campaigner.

Kenny Stancil · Jun 22, 2022

Study Shows Excess Corporate Profits in the US Have Become 'Widespread'

A new research paper finds that corporate price markups and profits jumped to their highest levels in seven decades last year.

Jake Johnson · Jun 21, 2022

CEO of Tesla Motors and SpaceX, Elon Musk speaks to a crowd of people who had gathered to participate in Tesla Motors test drives outside the Texas Capitol building in Austin

Why Do Tens of Millions in US Support an Economic System That Doesn't Benefit Them?

If people throw away money, opportunities, and their very lives chasing destructive delusions, then we might as well revert to divine right of kings or the selection of leaders by lottery.

Mike Lofgren · Jun 20, 2022

Demonstrators rally in support of Medicare for All

'It's a Public Health Issue!' MSNBC Host Makes Case for Medicare for All

"It's time to stop treating universal healthcare or single-payer or Medicare for All as some sort of fringe, left-wing issue," said Mehdi Hasan.

Jake Johnson · Jun 20, 2022

The US Could Lose the New Cold War With China and Russia

Other countries will not want to ally themselves with a power that rests on increasingly uncertain economic, social, and political foundations.

Joseph Stiglitz · Jun 19, 2022

'Poverty Is Violence!' Thousands of Demonstrators in DC Demand Economic Justice

"We are the 140 million poor and low-wealth people, standing together to declare we won't be silent anymore," said Rev. Dr. Liz Theoharis, co-chair of the Poor People's campaign.

Jessica Corbett · Jun 18, 2022

Oil Crisis! Surging Inflation! Is This the 1970s Again?

If our problems now were on the same scale as they were then, we would have a much better chance of solving them.

Richard Heinberg · Jun 18, 2022

'We Won't Be Silent or Unseen Anymore': Poor People's Campaign to Lead DC Assembly

Bishop William Barber, a campaign co-chair, said the United States' current poverty level "is actually morally indefensible, constitutionally inconsistent, politically insensitive, and economically insane."

Jessica Corbett · Jun 17, 2022