Economy

Wall Street Before Main Street: COVID-19 Relief Plans Will Hurt Workers

March 24, 2020

What relief will American workers get after the government poured $2.2 trillion into banks and businesses? Economist Dr. Jack Rasmus explains why the bailout for workers needs to be as big as the bailout for banks.

COVID-19: Disinformation, Overwhelmed Healthcare System Fuel Crisis

March 24, 2020

Public Citizen’s Lisa Gilbert says the coronavirus bailout prioritizes providing healthcare and job protection over corporate interests.

What’s The Best Way To Boost The Economy In A Pandemic?

March 24, 2020

As Congress debates a $1.8 trillion stimulus package, we ask what would benefit ordinary people most: a cash payment for everyone, targeted assistance for those who lose their jobs, or corporate bailouts?

The Debt Delusion: This Is Not The Time To Worry About Deficits

March 23, 2020

Economist John Weeks says his new book, “The Debt Delusion: Living Within Our Means and Other Fallacies,” applies to the coming economic crisis caused by the coronavirus outbreak.

How The IMF Can Help The Global South Cope With Imminent Economic Crisis

March 23, 2020

The International Monetary Fund has a rarely used mechanism that could alleviate the economic crisis faced by the Global South in the wake of COVID-19.

Corporations Are Protecting Their Profits From COVID-19, Not Their Workers

March 20, 2020

Trump is offering big business billions of dollars as the pandemic spreads, and almost nothing for their stranded employees. But real protection for workers has to be much more than a $1000 check.

A Coronavirus Bailout Will Save Corporations, Not Workers

March 18, 2020

What happened to the cash from the last bailout? Industries spent it all on stock buybacks and are now looking for billions more in relief from the impact of coronavirus.

Economic Update: Capitalism’s Uneven Development

February 13, 2020

This week’s episode of Economic Update features an introductory discussion by Professor Wolff on the heavy social costs which flow capitalism’s systematically uneven economic development.

Detroit’s Land Bank Holds More Trouble for City’s Remaining Homeowners

February 3, 2020

What happens to the remaining homeowners, their properties, and their neighborhoods in Detroit after the foreclosure crisis created a glut of abandoned, city-owned houses?

Economic Update: Military Spending and Debt

January 28, 2020

Updates on France’s successful mass uprisings (Yellow Vests in 2019; mass union strikes in 2020) that forced the French government to back down on changes workers opposed; how endless wars impose huge debts; how the Catholic Church uses U.S. bankruptcy law to prevent the church’s assets from being used to compensate victims of sexual assault;…