Ann Arbor (Informed Comment) – Sen. Ted Cruz abandoning Texas to its fate, with millions suffering without power, to go off on a vacation in Cancun, Mexico, is the perfect metaphor for America in the age of monopoly capital. After all, many American corporations have taken a prolonged tax holiday in the Caribbean. Some 18 […]
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Inequality
From Covid to Power outages in Ice Storms, the Texas Republican Party has created a Failed State
Ann Arbor (Informed Comment) – The Republican Party has had a lock on Texas politics for over two decades, and has reduced it to a failed state. Even Texans like Beto O’Rourke are making this observation. Millions are without electricity in the midst of one of the state’s worse winter storms ever. This massive failure […]
Yes we need the $1.9 Trillion Stimulus: Real Unemployment is 3 times what they’re telling us
Southwest Harbor, Maine (Special to Informed Comment) – As Congress gets set to debate the Biden Pandemic relief package, one of the favorite Republican lines is the contention that an economic recovery is already well underway. Pouring more money into an accelerating economy is likely to induce seventies style inflation. It is time, they argue, […]
Who were the Republican Senators afraid of when they Acquitted their own attempted murderer?
Ann Arbor (Informed Comment) – The odious Trump once smugly observed that “I could stand in the middle of 5th Avenue and shoot somebody and I wouldn’t lose voters.” When it comes to the Republican base, he was clearly correct. The opinion polling shows that registered Republicans still overwhelmingly support Trump even after he unleashed […]
The Gamestop Affair shows that America is over-financialized and needs a tax on speculation
Southwest Harbor, Maine (Special to Informed Comment) – It would be unfair to suggest that the titans of Wall Street are oblivious to poverty. One of their central themes is the role that financial literacy can play in teaching citizens how wealth is acquired and maintained. In their worldview saving and investing in the stock […]
Failures of Democracy in America and the Arab Spring
Ann Arbor (Informed Comment) – Today is ten years since Egyptian youth gathered in Tahrir Square in downtown Cairo demanding the resignation of Egypt’s brutal and corrupt Interior Minister, Habib Adly. Even those who called for the rally were surprised by the thousands of youth and workers that showed up, on Egypt’s Police Day, and […]
With Yellen at Treasury, Can we Finally get a Progressive Carbon Tax?
By Rachel Kyte | – Janet Yellen is poised to be the next U.S. Treasury secretary, and her inbox will require every ounce of her vast experience to pilot the economy through a daunting confluence of challenges. How the U.S. manages the economic recovery from COVID-19, the financial risks from climate change and inequality together […]
McConnell Cynically used the Trump-Monster to get Tax Cuts and SCOTUS, Now Dropping him like a Squeezed Orange
Ann Arbor (Informed Comment) – In Chapter 7 of F. Scott Fitzgerald’s The Great Gatsby, the enormously wealthy Jay Gatsby becomes concerned about word getting out that he is having an affair with Daisy, who is married to Tom, and abruptly stops having the big parties he had been throwing, to which assorted society flotsam […]
Letting the Markets go Wild while the People Go Down: A War of the Worlds
By Nomi Prins | – ( Tomdispatch.com ) – Sometimes things only make sense when seen through a magnifying lens. As it happens, I’m thinking about reality, the very American and global reality clearly repeating itself as 2021 begins. We all know, of course, that we’re living through a once-in-a-century-style pandemic; that millions of people […]