Economy

Trump’s Trade War with China: Undermining China’s Dependence on Neoliberalism

August 13, 2018

The unexpected ascension of Donald Trump to the US presidency caught the Chinese leadership off guard and his launching of a trade war against China is undermining its strategy for global dominance, argues Prof. Minqi Li

Obama on Globalization: A Success Story

August 7, 2018

Barack Obama’s Nelson Mandela speech praised globalization and market-based solutions for their role in lifting one billion people out of poverty. But is this true? For example, half of this poverty reduction is traceable to China’s economic growth. And inequality has only grown, as Obama even admits. Paul Jay and Heiner Flassbeck take apart Obama’s…

The Truth About the 2008 Financial Meltdown and How it Contributed to Trump’s Rise

August 3, 2018
What is the truth behind the 2008 Financial Collapse, why was no one prosecuted and how did Obama’s not prosecuting the “banksters” and strengthening Glass Steagal lead to Trump in the White House? Economist Bill Black joins us bring clarity to this mystery

Economic Update: We Can Do Better Than Capitalism

July 31, 2018

This week: Updates on a New Zealand firm that succeeds with a 4 day work week; Vienna’s public housing successes; Fordham adjuncts’ union wins big; Burberry destroys millions of dollars worth of unsold product; precarious U.S. jobs worsen alcoholism among young; U.S. airlines raises profits by shrinking bathroom space; Interview with Cheryl Claude, a former…

Obama Joins Club of the Super-Rich – Defends Global Capitalism in Lecture

July 30, 2018
Prof. Leo Panitch and Paul Jay discuss Obama’s Mandela lecture; Obama wants the impossible - a world where the super-rich give up “a little” and there is no massive inequality

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