All Articles on Economy

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Analysis: America's Middle Class Falters As Nation's Richest Rise
Report shows low and middle income earners falling behind comparable countries
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(Photo credit: Lilly Rothrock / cc / Flickr) Views
On Earth Day, an Economics for People and Planet
Much has changed since the first Earth Day in 1970. Not only have our ecological crises come into sharper focus, it has also become obvious that we need to rescue not just the Earth, but also its people from the clutches of an economy gone mad. Worldwide, more and more people are recognizing that...
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JP Morgan Chase & Co. Chief Executive Officer Jamie Dimon, left, and Goldman Sachs Chief Executive Officer Lloyd Blankfein leave the White House in Washington in 2009 following a meeting between chief executives and President Barack Obama. (AP Photo/Evan Vucci) Views
Government = Protection Racket for the 1 Percent
The evidence of income inequality just keeps mounting. According to “ Working for the Few ,” a recent briefing paper from Oxfam, “In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.” Our now infamous one...
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News
Spain's 'Robin Hood' Funded Anti-Capitalist Movement with Bank Swindle
In recent interviews from the lam, Enric Duran predicts 'transformation of the state and capitalism as we know it today'
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News
Cause of Suicide: Austerity
New study finds direct link between Greek austerity cuts and increase in male suicides
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The Meritocracy Myth: How the Super-Rich Really Make Their Money
Warren Buffett once claimed that the "genius of the American economy, our emphasis on a meritocracy and a market system and a rule of law has enabled generation after generation to live better than their parents did." The Economist suggested that "people succeed through brains and hard work."...
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Photo: Pamela Drew/cc/flickr Views
Can Democracy Tame Plutocracy?
We are headed into a national reckoning. To paraphrase the unlamented Donald Rumsfeld, there are the known knowns and the known unknowns. We know that America is reaching new levels of extreme inequality. We know that from the founders on, our wisest leaders cautioned that extreme and entrenched...
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Thomas Piketty (Reuters/Charles Platiau) Views
Thomas Piketty Undermines the Hallowed Tenets of the Capitalist Catechism
Not only does capitalist growth not reduce inequality; it increases it.
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How the Commons Way of Life Helps Curb Climate Change
It offers an appealing alternative to more stuff and more money, which drives environmental destruction today
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Bay Area Rapid Transit (BART) union workers with SEIU Local 1021 hold signs as they picket in front of the Lake Merritt station on July 2, 2013 in Oakland. (Photo: Justin Sullivan/Getty Images) Views
The Myth of the Pro-Labor Democrat
As the standard of living of working people continues its four-decades-long steady decline, the number of people who classify themselves as “middle class” has correspondingly dropped, including by almost 10 percent in the past six years alone. Under the circumstances one might assume that leaders...
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