Efforts to fight low wages and win health insurance for employees of a tax break-subsidized luxury hotel show how the mainstream media cultivates a false narrative that living wages are unaffordable.
This week on Economic Update, Professor Wolff examines the structure and functioning of the large capitalist corporations dominating modern economies. He discusses their basic economics and influence on politics and criticizes rationales for corporate profits such as “risks” and “entrepreneurship,” and he also explores the parallels between corporate structures and monarchies.
The U.S. economy, weak or strong, is the question at the heart of the election. But it doesn’t get to the reality which is that, whatever else it may be, the U.S. economy is not democratic or good for the planet. But it could be. Marjorie Kelly and Ted Howard of the Democracy Collaborative say…
“Protecting property values” was a canard used to justify racist housing policy in 1910, and continues to be an excuse used today. But what if property wasn’t privately owned? Jacqueline Luqman talks to Rich Nymoen about why a land value tax could reduce inequality and address segregation in housing.
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.
Republicans gutted the IRS with New Democrat support. It ensured that the wealthy can cheat our nation with impunity, says Bill Black.
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…
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.
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.