Economy

Congress Passes 'Bank Lobbyists Bill' - An Unnecessary Giveaway to Banks

Congress Passes ‘Bank Lobbyists Bill’ – An Unnecessary Giveaway to Banks

May 23, 2018

The bill, which now heads to Trump for his signature, rolls back major provisions of the Dodd-Frank financial regulations of 2010, allowing banks to engage in riskier investment strategies and to hide discriminatory practices, says CEPR’s Dean Baker

Economic Update: Another Gilded Age

Economic Update: Another Gilded Age

May 21, 2018

This week: Updates on how Mitbestimmung helped Germany not destroy itself; waves of strikes by public school teachers; Theranos bankruptcy and workers’ risks; our second “gilded age;” mortgage lenders turning to rich borrowers; Trump on drug prices is nothing more than rhetoric; the economic effects of breaking the Iran Deal; gentrification and crisis of cities.

Does Iron Fist Imperialism Benefit US Workers?

May 21, 2018

We speak to economist Gerald Epstein, who did the cost-benefit analysis of the US invasion of Iraq. He found that the US military adventure cost US workers approximately two trillion dollars

Official Unemployment is at 3.9%? Economist Robert Pollin Says It Is More Like 12%

Official Unemployment is at 3.9%? Economist Robert Pollin Says it is More Like 12%

May 14, 2018

Unemployment is low and standard economic theory says that when unemployment drops, wages should rise. However, the latest Department of Labor report shows that even though unemployment has reached historic lows at 3.9%, wages are not rising. Why? We explore the reasons with Prof. Robert Pollin

Global Capitalism: Linking Trump and Marx’s Critique of Capitalism

Global Capitalism: Linking Trump and Marx’s Critique of Capitalism

May 14, 2018

In connection with Prof. Richard Wolff’s discussion of the main topic, he also covers the following: Power and potential of public school teachers’ strikes; The 200th anniversary of Marx’s birth and Marxian economics today; Comparing the conditions of the US and Chinese working classes today

Reality Asserts Itself - Rana Foroohar

May 9, 2018
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay