Economy

Is There Another Financial Crisis in the Works?

July 26, 2018

In this regulatory environment banks borrow more and make riskier loans and “no one is watching them” says, professor Gerald Epstein

Economic Update: Millennials for Revolution

July 23, 2018

This week: Updates on how Trump’s tariffs are affecting Americans jobs; shifting capitalist alliances don’t change the system; the Irish parliament’s decision to stop investing in fossil fuels; how Washington state forced fast food employers to stop rigging labor market against employees; why Germany’s “dependence” on Russia is less that the U.S. dependence on China;…

Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis

July 23, 2018

The recently elected neoliberal government of Mauricio Macri has decided to seek a $50 billion IMF credit line, which will only enable more capital flight for the upper class and greater unpayable debt for the rest of the population, says the economist Michael Hudson

The Next Global Financial Crisis is Inevitable

July 22, 2018
It has been ten years since the last major financial crisis. With systemic deregulation undoing the safeguards, we are due for another crisis very one soon. Thomas Hanna, research director of the Democracy Collaborative’s Next System Project, says it is almost guaranteed

European Union Fines Google $5.1 Billion, While Trump ‘Protects Monopolists’

July 20, 2018

The EU’s Google fine should have been imposed a long time ago, but it comes better late than never. Meanwhile, the Trump administration continues to side with monopolies, leading to worse outcomes for US consumers, says former financial regulator Bill Black

Economic Update: Labor VS Capitalism

July 15, 2018

This week with Rick Wolff: Updates on Left victory in Mexico’s election; SCOTUS’s Janus decision; Trump’s Foxconn fakery in Wisconsin; the GOP’s forced labor for Medicaid beneficiaries; and the scapegoating of immigrants exposed; Dr. Harriet Fraad on the personal, psychological effects of a dying US empire

Executive Coaching: Does It Increase Productivity and Growth?

July 14, 2018

Claims that coaches and consultants for corporate executives boost productivity and profits turn out to be completely false. White collar criminologist Bill Black takes apart the example of Nortel Networks

Economic Update: Criticizing Capitalism

July 8, 2018

This week with Richard Wolff: Updates on Colorado’s laws favoring co-ops; capitalism and suicide continues; rent control on the California ballot; the effects of U.S. foreign trade controls; the French gov’t vs GE; and Ford buys an old train station it helped destroy; interview with Professor David Harvey on Karl Marx’s contribution to understanding capitalism…

Is Capitalism In Crisis? Author of ‘Karl Marx’s Capital and The Present’ Responds

July 7, 2018

The fundamental proneness to crisis under capitalism was not overcome in the Golden Age of Capitalism and crisis in the late 1960s ushered in an era of finance by opening new avenues for accumulating wealth and turning the illusory into real wealth says C.P. Chandrasekhar