Economy

Nobel Winners in Economics Fail to Examine Structural Causes of Poverty

October 18, 2019

While it’s good the Nobel Memorial Prize in Economics went to researchers who study poverty, their research falls far short of describing its structural causes, says development economist David Ruccio.

Economic Update: Worker Co-Ops, Socialism’s Future

Partner Content Provided By: Economic Update with Richard Wolff
October 16, 2019

In the first half of Economic Update this week, Professor Wolff discusses how and why socialism changed from what it meant in the 19th and 20th centuries. During the second half of this week’s episode, Prof. Wolff leads us on an exploration of why 21st century socialism aims to democratize capitalist workplaces, replacing their top-down…

IRS Audits Poor People Far More Often Than the Wealthy

October 11, 2019

Republicans gutted the IRS with New Democrat support. It ensured that the wealthy can cheat our nation with impunity, says Bill Black.

Economic Update: A Growing U.S. Left

Partner Content Provided By: Economic Update with Richard Wolff
October 10, 2019

This week: Updates on California events (LA Times labor union, 80,000 Kaiser workers to strike, new state public banking law); gross inefficiency of private car industry; wide global use of wealth taxes vs “conservative” claims; anti-left politics in US labor history; Prof. Wolff interviews Michael Brooks, the host of “The Michael Brooks Show” about his…

How Useful Is Modern Money Theory for Developing Countries?

October 9, 2019

MMT is gaining traction among progressives as an option for paying for massive government spending projects such as the Green New Deal. Even if it is useful for countries such as the U.S., can it be applied in developing countries? PERI’s Matías Vernengo says only to a limited extent.

California Legalizes Public Banking

October 8, 2019

Governor Gavin Newsom signed a bill that lets municipalities sponsor public banks, and Los Angeles’ City Council is creating a proposal for one. David Jette of Public Bank LA says this will help cities and counties invest in affordable housing and renewable energy.

Economic Update: Capitalism and Mental Health

Partner Content Provided By: Economic Update with Richard Wolff
October 3, 2019

This week: Updates on the ICE raid in Mississippi; global comparisons of gun violence; conservatives’ reactions to Democrats’ proposed wealth tax ideas; Prof. Wolff interviews Dr. Harriet Fraad on how capitalism is affecting mental health in the U.S.

The Census Fails to Count 100 Million People as Living in Poverty

October 3, 2019

IPS Fellow Karen Dolan, who works with the Poor People’s Campaign, brings the reality of the depth of poverty in our country to light with her new study.

Laura Flanders Show title image

Laura Flanders Show: Reporting on Economic Hardship

Partner Content Provided By: The Laura Flanders Show
September 30, 2019

Roughly 40 million people live in poverty in the USA. Can you imagine living under $24,000 a year for a family of four? If you can’t, why not? Surely the media should help. This week, why mainstream media are so poor at covering poverty – and what one organization, The Economic Hardship Reporting Project,  is…

Homeless man in LA County

Trump’s Attack on LA Homelessness Ignores the Causes

September 30, 2019

Jacqueline Luqman talks with LA Times reporter Gale Holland about how acknowledging the issues that contribute to a high percentage of African American homelessness in LA County might inform the solutions for everyone.