Our friends at Sustainable Human recently created a short video featuring Professor Wolff, where he compares capitalism to feudalism and slavery, and explains how a more democratic economic system is possible.Read more
Unmistakable signs point to the fact that the mass of US citizens are economically, socially, and psychologically in bad shape. Dr. Harriet Fraad breaks down the economic, social and emotional conditions, and how they relate to each other.Read more
What most of us have long believed about how the economy works is based on a set of fundamental myths, supported by a series of inappropriate and misleading metaphors, from which it is difficult to escape. The emotional investment we have made in these myths has allowed for levels of unemployment, underemployment, inequality and relative poverty which would have seemed incredible a generation ago.Read more
Instead of constantly focusing on the symptom, i.e. Trump and his cabal, we need to ask ourselves as philosopher Henry Giroux does, “What kind of society produces Donald Trump?” or more specifically, ‘What kind of person embraces this kind of budget?’Read more
Most Americans have never recovered from the recession of 2008 and the outsourcing, mechanizing, robotizing and computerizing of their jobs. Men’s salaries and working conditions have been deteriorating since the mid 1970s. Women’s salaries have increased to...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
An interview with racial justice and labor activist Bill Fletcher Jr. on the phenomenon of right-wing populism, and what it means for an anti-racist left.Read more
To solve the greatest challenges of our time, climate change and inequality, we need an economic system that serves us better. However, beyond identifying and agreeing upon the problem we often stop short at imagining solutions.
The re-imagination of the economy is already in motion. Now it's time for the climate movement to get on board with organizing for a democratically managed and collectively owned economy.Read more
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.Read 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.Read more