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Tidbits - Sept. 10, 2020 - Reader Comments: Trump Calls Out White Supremacists; Trump and Military Veterans; Billionaires Plunder Working Folks; Allende Remembered - the Other 9/11; Congress Must Act - COVID Jobs Losses Continues; Lots of Announcements;

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Reader Comments: Trump Calls Out White Supremacists; Trump and Military Veterans; Billionaires Plunder Working Folks; Allende Remembered - the Other 9/11; Why Congress Must Act - COVID Jobs Losses Continues; Lots of Announcements; and more...

books

How to Save the World from Financialization

Gregory N. Heires Portside
Long before the 2008 financial collapse rocketing, debt and financial wizardry masked the deep underlying fragility of finance-led growth, with wages and productivity stagnating, inequality exploding and ecological systems teetering.

A Lasting Remedy for the Covid-19 Pandemic’s Economic Crisis

Joseph E. Stiglitz New York Review of Books
As catastrophic as it is, the Covid-19 pandemic offers a moment of reflection. If we set our sights high and not throw money at big corporations, perhaps we can emerge from the crisis with an economy and society that are stronger than before.

books

How Capitalist Economics Structures Inequality

Gregory Heires Portside
The world economy, to the degree it still works at all, serves to benefit the few at the expense of the many. The author of the book under review does an economic deep dive into ways that can reverse that antidemocratic equation.

We Are Living in a Failed State

George Packer The Atlantic
The coronavirus didn't break America. It revealed what was already broken. Trump acquired a federal government crippled by years of right-wing ideological assault and steady defunding. He set about finishing the job, destroying the civil service.

We Are Entering a Recession – But What Did We Learn From the Last One?

Ken-Hou Lin and Megan Neely The Conversation
Government can either decide to continue the “trickle-down” approach to first protect banks, corporations and their investors with monetary stimuli, or can learn from the New Deal and provide support directly to the most fragile communities
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