All Articles on Economy

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WikiLeaked Doc Reveals Wall Street Plan for Global Financial Deregulation
WikiLeaks releases draft text of trade deal exposing efforts to increase stranglehold over global economy
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(Credit: U.S. Army/cc/flickr) Views
We Can't Afford to Spend More Money on War in Iraq
Over the past decade, American taxpayers have sunk hundreds of billions of dollars into funding the war in Iraq -- $816 billion since 2003, and counting. Meanwhile, domestic human, social, and infrastructure needs have suffered drastic budget cutbacks. One recent poll shows that 74 percent of...
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Thomas Piketty’s “Capital” is an extremely important contribution to the study of economics and inequality over the last few centuries. But because it fails to address the real limits on growth—namely our ecological crisis—it can’t be a roadmap for the next. (Photo: Dai Luo / Flickr) Views
What Piketty Forgot: The Crisis of Capitalism Isn't Just about Inequality
It's not just about the distance between rich and poor, but about the gap between what’s demanded by our planet and what’s demanded by our economy.
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Rally To Raise The Minimum Wage, Herald Square, Manhattan, 24th October 2013 (Credit: The All-Nite Images/cc/flickr) Views
Want to Fight Poverty? Raise US Wages
Increasing wages is an effective poverty reduction tool
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Power Play: Why the Left Needs to Get Down to Building a Radical Civil Society
Being a leftist today is a lot like playing pinball. Every machine has two flippers with a gulf between them. They’re used to knock balls toward bright and shiny bumpers. When a collision inevitably occurs, the bumper can propel the balls all across the board. For a little while, it looks and...
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(Credit: Public Citizen/cc/flickr) Views
Healthcare: Let's Have People Over Profits Once And For All
There are some things in this world that shouldn’t be turned into profit-making machines, and healthcare is definitely one of them. Believe it or not, there was a time in America when in almost every state health insurance companies and hospitals were required to be non-profits. Back then,...
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A first-grade class of thirty children at the Willow Glen Elementary School in San Jose, California, where budget cuts have led to larger class sizes, January 24, 2013. (AP Photo) Views
Making Schools Poor
Last week, Superior Court Judge Rolf M. Treu in Los Angeles ruled that five California statutes protecting the job security of schoolteachers were unconstitutional. Likening his brief, sixteen-page ruling to the Supreme Court’s 1954 Brown v. Board of Education decision outlawing racial segregation...
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Overcoming inequality and climate change is key to ending poverty and suffering. (Credit: Oxfam) Views
Overcoming the Twin Hurdles of Inequality and Climate Change
Two major injustices – inequality and climate change – are threatening to undermine the efforts of millions of people to escape poverty and hunger. By concentrating wealth and power in the hands of a few, inequality robs the poorest people of the support they need to improve their lives. And as...
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News
Argentina President Blasts US Bank 'Extortion' of Developing Nations
Supreme Court refusal to hear appeal spells 'terrible news for all of the developing world'
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Goldman Sachs CEO Lloyd Blankfein. (Credit: flickr / cc / Fortune Live Media) Views
Goldman Sachs: Too Big To Rein In?
Has Goldman Sachs retained its financial power and political clout?
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