Large corporations and wealthy individuals pay far less than their fair share of taxes. Until we democratize the economy, the rest of us—who are not members of the boards of directors of large corporations or wealthy individuals—will continue to be forced to shoulder the burden of paying taxes to finance government services.Read more
The largest study comparing worker cooperatives to normal companies shows that cooperatives are more productive.Read more
In this careful and robust examination of all of the evidence currently available, economist Virginie Pérotin compares the performance of worker cooperatives to that of conventional capitalist firms.Read more
The growth of inequality over decades is due to the ability of those at the top and those at the very top to capture a large portion of the growing surplus. But there has also been a change in the nature of that inequality in recent years, at least for those at the top—which is not due to escalating wage inequality, but to a boom in income from the ownership of stocks and bonds. They’ve now joined the ranks of the “coupon clippers,” who are able to use their accumulated wealth to get their share of the surplus.
The owners of capital at the very top are mirroring the structure of inequality last seen during the first Gilded Age.Read more
Treasury Secretary Steve Mnuchin may not be worried, but we should be. Workers will continue to suffer unless and until they have a say in how robots and the resulting surplus are utilized.Read more
Trump is Obama’s Legacy. Will this break up the Democratic Party? One of the world's leading economists explains.Read more
“I’ve been dreaming of this since I’ve been...drinking out of kegs.” This statement was brought to you by House Speaker Paul Ryan at a National Review conference. The reverie Mr. Ryan has been musing since his youthful fraternity days at Miami University has been to dismantle healthcare for millions of those who rely on programs such as Medicaid, Medicare, and now it’s recent expansion under the Affordable Care Act.
But it seems that Mr. Ryan isn’t the only dreamer. Under the new Trump regime the GOP may well come closer to realizing this morbid dream.Read more
Residents of the West Bank village of Kafr Ein have established a modest olive oil cooperative to solve immediate economic problems.Read more
Cooperatives can emerge as an important part of a different economic order, an alternative to an establishment order of insecurity and poverty for the many and privilege and wealth for the few.
In these Trump times of ours, the case for cooperatives is only likely to become more evident and gather steam. The cooperatives movement can emerge in the eyes of an increasing number of people as a way to stop depending on boss and elite classes and to start taking their security and prosperity into their own hands.
Economist Antonio Callari discusses the 'why now,' the 'how' and the 'so-what' of such a movement.Read more
Worker-owned enterprises as a key feature of a socialist transition from capitalism.Read more