Economy

By Chuck Collins | – (Institute for Policy Studies) – Sen. Wyden’s billionaires income tax tapping those huge returns could raise big revenue to fund President Biden’s Build Back Better investment plan. America’s billionaires have grown $2.1 trillion richer during the pandemic, their collective fortune skyrocketing by 70 percent—from just short of $3 trillion at […]

Employment

We don’t need a Debt Ceiling, we Need Gov’t to Invest in Truly Rewarding Jobs

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Who is at fault for a standoff on the debt ceiling? Republicans are the obvious choice because when in power deficits don’t matter but out of power deficits and a growing debt are the path to hell. Deficits will burden our grandchildren and so we must accept […]

Democracy

How Billionaires’ Utopias could End American Democracy

Sam Pizzigati

( Inequality.org) – Great wealth can do great damage. Grand personal fortunes, we’ve come to understand, can menace our democracy and distort our economic life. But these fortunes can also wreak a much more hidden havoc: They can mess up the minds of people who hold them. Great fortunes can leave their owners feeling supremely […]

Climate Crisis

The Path to a Livable Future: Or Will Rich Corporations Trash the Planet?

Tomdispatch

By Noam Chomsky and Stan Cox | – ( Tomdispatch.com) – This month will mark a critical juncture in the struggle to avoid climate catastrophe. At the COP26 global climate summit kicking off next week in Glasgow, Scotland, negotiators will be faced with the urgent need to get the world economy off the business-as-usual track […]

Congress

Why is Social Spending Controversial but Congress lavishes $7 trillion a Decade on Pentagon?

OtherWords

By Sister Karen M. Donahue | ( Otherwords.org) – Right now, the United States is locked in a contentious debate over the Build Back Better plan, which will make a significant difference in the lives of millions of individuals and families. Even though the provisions included in the plan — including universal child care, home […]

Corporations

Our Future vs. Neoliberalism

Medea Benjamin and Nicholas J.S. Davies

( Code Pink) – In country after country around the world, people are rising up to challenge entrenched, failing neoliberal political and economic systems, with mixed but sometimes promising results. Progressive leaders in the U.S. Congress are refusing to back down on the Democrats’ promises to American voters to reduce poverty, expand rights to healthcare, […]

CO2

Sordid Advantage: America can’t avert Climate Hellhole because Manchin, Sinema are Corporate Hired Mercenaries

Juan Cole

Ann Arbor (Informed Comment) – American journalists like to personalize stories and create horse races empty of real content. That is why most Americans don’t know what is in the Democratic Build Back Better Bill backed by President Joe Biden– the substance has not been reported on. That bill was originally budgeted at $350 billion […]

Employment

How Finding that immigrants don’t reduce the wages of native-born workers won the Nobel Prize

The Conversation

By Arvind Magesan | – Applied economists spend a large fraction of their time trying to squeeze meaningful answers — causal effects — out of observational data. Unlike the natural sciences, we can’t run experiments in order to answer the big questions in our field. If we want to know, for example, how raising the […]

Antisemitism

Bogus charges of Antisemitism and the Case of Rashida Tlaib

David Rubenstein

By David Rubenstein | – ( Southside Pride) – You have to wonder how many people actually listened to the allegedly antisemitic comments made by Michigan congresswoman Rashida Tlaib in a speech to a Socialist convention earlier this year. Not many, you can be sure of that. For days those comments were a lead news […]