Economic Update: Real Economic Journalism

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On this week's Economic Update, Prof. Wolff provides updates on stock market bounce, Swiss voters stop corporate tax giveaway, why public are better than private schools, billionaires party...

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Socialism is obvious

Worker-owned enterprises as a key feature of a socialist transition from capitalism.

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That’s your damn stock market, not ours

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While Wall Street celebrates yet another stock market record—surpassing 20,000 on the Dow Jones industrial average—most Americans have little reason to cheer. That’s because they own very little stock and therefore aren’t sharing in the gains. A much better alternative for American workers would be to look toward a radically different model: enterprises that are owned and managed by their employees.

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Work, Place and Community: The ‘Solidarity Ecosystems’ of Occupied Factories

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The Greek workers of VIOME took-over their old factory, fought off evictions and collectively occupied auction houses to stop the sell-off of the land they work on. In doing so, they are not just creating a better way of doing work, but also offering hints at more supportive and integrated communities and stronger, less-fractured societies. And they are not alone.

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One case against Betsy DeVos: charter schools

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A detailed analysis on charter schools published by the Economic Policy Institute noted that, “Numerous analyses have found chartering to lead to an imbalanced distribution of students by race, income, language proficiency, and disability status.” Furthermore, “pension and health care costs are systemwide concerns that cannot be ignored by shifting students and public dollars across sectors.” Charter schools seem to bring up more questions than they answer.

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