During the recent presidential campaign, Donald Trump promised to revitalize American manufacturing—and bring back “good” manufacturing jobs. So did Hillary Clinton.
As long as workers have no say in how production is organized—including the technologies that are used and the surplus that is created—we can expect both manufacturing production and profits to increase while leaving workers and their jobs behind.(More...)
How do we build an alternative while people are suffering now? Though single payer healthcare is touted as the obvious fix, the world can’t wait until it’s politically feasible, much less as the incoming Trump administration ramps up its assault on state-funded care.
Worker-owned cooperatives present a coherent vision of what a radically new medical system could look like.(More...)
On this week's episode of Economic Update, Prof. Wolff provides updates on politicians lying about economics, fines for big banks, Maine votes left, int students come less to US, Pebble Mine struggle, fading American dream. Major discussions of...(More...)
Inequality in the United States is rising because people are paying more to work. When people pay more to work, the share of national income that goes to the top 0.1% increases. The solution does not lie in a global tax on wealth but rather in workers not paying to work.(More...)