All Articles on Economy

Renewable Energy’s About To Dominate Global Power Investments
New report forecasts rise of solar and wind could lead to peak of carbon emissions
Read more
(Photo: flickr / cc / Rawle C. Jackman) Views
Towards Full Employment and the Democratic Prospect
Despite all the talk about economic recovery, the US remains mired in slow growth and persistent unemployment. That we are far from full employment becomes clear if we recall recent history. During the final months of the Clinton Administration, unemployment dipped below 4% Those on the bottom of...
Read more
Protesters involved with Occupy San Francisco in October of 2011. (Photo: flickr / cc / Glenn Halog) Views
Does Capitalism Inevitably Produce Inequalities?
In a recent New York Times op-ed article , Nobel Prize-winning economist Joseph Stiglitz theorized that capitalism does not inevitably produce inequalities in wealth. Instead, he argued, today’s inequalities result from policy decisions made by politicians on all sorts of matters that affect people...
Read more
(Photo: Flickr / cc / Caelie_Frampton) Views
"Free Trade" Champions Betray Us All
Wisconsin Congressman Ron Kind has apparently never met a free trade agreement he didn't like. Note it is always a “free trade” agreement, never a “fair trade” agreement. Free trade defines an agreement that has as a first (and sometimes only) priority, the best interests of corporations namely,...
Read more
(Photo: flickr / cc / Kendall Francis) Views
Needed: A Drastic Economic Transition
The shocking thing about the financial collapse of 2008 is not that Wall Street excesses pushed us into the worst economy crisis since the Depression. It's that the same financial system has been propped back up and that elites are getting richer than ever, while the effects of that collapse are...
Read more
'If inequality keeps rising as it has been, eventually it will happen. We will not be able to predict when, and it will be terrible—for everybody. But especially for us.'(Image: via FedUpUSA) Views
The Pitchforks Are Coming… For Us Plutocrats
Memo: From Nick Hanauer To: My Fellow Zillionaires You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in...
Read more
Carlos Ghosn, the CEO of Japanese automaker Nissan, pulled in just over $10 million last year. That made him Japan’s highest-paid chief exec, by a wide margin. In the United States, $10 million barely rates as CEO average pay. (Photo: flickr / cc / WEF) Views
America’s CEOs: In a Class All by Themselves
Workers in the United States don’t make double what workers make in Japan or Switzerland. Why should U.S. CEOs routinely make double — and often much more — than Japanese and Swiss top execs?
Read more
The Chicago Teachers Union proved that there is a winning strategy available, if unions would only take advantage of it. (Photo: flickr / cc / sarah-ji) Views
Labor Unions Have a Choice: Fight Back or Die
Organized workers can continue to elect sell-out, dead-end corporate politicians... Or they can create a real, politically independent grassroots movement.
Read more
Arizona School Superintendent John Huppenthal on Democracy Now! in 2012 discussing his ban on Chicano American studies programs in school. (Screenshot via Democracy Now!) Views
When Public Servants Demonize the Poor
When I unmasked an Arizona official who made outrageous and anonymous comments on blogs, it revealed more than his bad judgment.
Read more
(Photo: James Lee/ cc/ Flickr) Views
Generational Poverty the Exception, Not the Rule
Poverty is worse than you think, but it’s different than you think, too. Even if you count yourself as reasonably well informed about poverty in the U.S., what you think you know may be wrong. For example, you may know that by the official Census Bureau measure , 15 percent of the population was...
Read more