Clik here to view.
We Need Microchips, but Not Crony Capitalism
For two months, a 107-member conference committee has been working to finalize an agreement on the US Innovation and Competition Act (USICA) which would provide more than $50bn in corporate welfare to...
View ArticleClik here to view.
America Is Breaking the Bargain It Made For Labor Peace
The American labor movement finds itself in a “good news, bad news” situation — which is better than the standard “bad news, bad news” situation, but just as perilous. This week, the National Labor...
View ArticleClik here to view.
Structuring the Economy to Give Money to the Rich Is Inflationary
I just read this NYT column by Bryan Stryker, on how Democrats can win back the working class. I have no idea how its proposals poll, but as an economic matter, they will do little to help the working...
View ArticleClik here to view.
The Truth About Markets, Pillar of Capitalist Ideology
“Market mechanisms” and “market solutions”: politicians, bureaucrats, media pundits, and academics like to refer to them as if they were somehow politically and ideologically neutral, above...
View ArticleTime To Blow Up Electricity Markets
ATHENS – The blades of the wind turbines on the mountain range opposite my window are turning especially energetically today. Last night’s storm has abated but high winds continue, contributing extra...
View ArticleClik here to view.
Energy, Cost Of Living And Recession
The G7 governments have a problem. The war in Ukraine against Russia is not won. It looks set to be a long grinding conflict, possibly with no end. And yet the world and particularly Europe depends...
View ArticleClik here to view.
While Crypto Bro Scammed Clients, Reporters Scammed Readers
Today, you probably know who Sam Bankman-Fried and FTX are, and the details of why he and his company are front-page news are emerging at an amazing pace. Here’s the short version: Bankman-Fried—a...
View ArticleClik here to view.
Labor Is Demanding an End to Wall Street Stock Buybacks
As gas prices at the pump continued to make national news and undercut voters’ confidence in the economy, Shell plc announced $4 billion in stock buybacks and increased dividend payments to its...
View ArticleClik here to view.
Democracy Is the Solution to Davos Elites’ Global Oligarchy
The neoliberal revolution had a simple and, to some at least, intuitively attractive premise. By slashing taxes, removing regulations, and eliminating global barriers to the flow of capital, new wealth...
View ArticleClik here to view.
Milton Friedman Set Us Up for a 21st Century Version of Fascism
Economics has been called the dismal science, and 2023 will vindicate that moniker. We are at the mercy of two cataclysms that are simply beyond our control. The first is the Covid-19 pandemic, which...
View ArticleClik here to view.
Amartya Sen’s Work Shows Us the Human Cost of Capitalist Development
Amartya Sen is one of the most influential thinkers about development in the contemporary world. Since the 1970s, he has published widely across the disciplines of economics and philosophy. He received...
View ArticleClik here to view.
Can the Military-Industrial Complex Be Tamed?
My name is Bill Astore and I’m a card-carrying member of the military-industrial complex (MIC). Sure, I hung up my military uniform for the last time in 2005. Since 2007, I’ve been writing articles for...
View ArticleClik here to view.
Goldilocks Wants to Eat the Poor
The 19th century English fable Goldilocks tells the story of a young girl who breaks into the home of three bears and eats their porridge. Luckily, they have three different bowls ready for...
View ArticleClik here to view.
The 1980s “Yugo”: Worker Self-Management Destroyed by Market Capitalism
Beginning in 1985 the Yugoslavian Zastava Automobile Company began to manufacture and export to the United States a newer version of what became popularly known as the “Yugo”, a steep discount fuel...
View ArticleClik here to view.
The Market Will Never Solve the Climate Crisis
When oil prices plummeted during the pandemic, fossil fuel companies made vague efforts to invest in clean energy. Now pulling in bumper profits, Big Oil is discarding those initiatives to maintain...
View ArticleClik here to view.
Centrica’s Profits Prove Our Energy System Is Built for Shareholders
British Gas’s parent company Centrica announced today that it made its highest-ever profits in 2022: an “obscene” £3.3bn, more than three times as much as the previous year. It also announced its...
View ArticleClik here to view.
Americans Want Government-Run Health Care—What’s Standing In The Way?
Here’s one of many indicators about how broken the United States health care system is: Guns seem to be easier and cheaper to access than treatment for the wounds they cause. A survivor of the recent...
View ArticleClik here to view.
On the Greed of the Pharmaceutical Industry
(Photo by Ian Hutchinson) Following the news that the CEO of Moderna will accept an invitation to testify in front of the Senate Health, Education, Labor and Pensions Committee next month, Chairman...
View ArticleClik here to view.
Playing with Financial Fire
Capitalism, Marx said, is unceasingly prone to crisis. His observation applies as much to financial capital as to industrial capital, as the recent collapse of Silicon Valley Bank and Signature Bank of...
View ArticleClik here to view.
‘Break Up Big Ag,’ Says Sanders After Egg Giant Posts 718% Profit Increase
Sanders joined Sen. Elizabeth Warren, Rep. Katie Porter, and others in questioning Cal-Maine Foods’ claim that an avian flu outbreak is to blame for soaring egg prices. U.S. Sen. Bernie Sanders this...
View Article