Portside

New scholarship by the French economist is a bona fide phenomenon - and the right is terrified. Thomas Piketty argues that the main driver of inequality - the tendency of returns on capital to exceed the rate of economic growth - threatens to generate extreme inequalities that stir discontent and undermine democratic values. He calls for political action and policy intervention. Video - Joseph Stiglitz and Paul Krugman on the significance of the work, and the stir.

Rights for Mother Earth, not Corporations

These are the first two parts of a four-part interview with Costas Lapavitsas focusing on the Era of Financialization and the transformations at the “molecular” level of capitalism that are driving changes in economic performance and policy in both high-income and developing countries. Lapavitsas is a professor of economics at SOAS, University of London, and the author of Financialised Capitalism: Expansion and Crisis (Maia Ediciones, 2009)

The wealthiest Congress in history, the first in which a majority of members are millionaires, we have a one-sided discussion demanding cuts only in public assistance to the poor, while ignoring public assistance to the rich. And a one-sided discussion leads to a one-sided and myopic policy. We're cutting one kind of subsidized food - food stamps - at a time when Gallup finds that almost one-fifth of American families struggled in 2013 to afford food.

Reader Comments - Ukraine; Russia; Climate Change; Wall Street; Capitalism; Wanted: Populist Movement of the 99%; Angela Davis; Charter Schools; Government Spying, NSA; NCAA Racism; TPP Announcements - Left Labor Project - Election Strategy Discussion -New York -Apr 3; Need 100 Jewish voices in New York against anti-boycott bill; 2014 Moving Beyond Capitalism Conference; New resource - Politics and ideology in the American Historical Profession

Ending Poverty vs. Paul Ryan's Budget; Military Spending; Immigrant Workers; CIA Detentions, Guantanamo and now Spying on Congress; Beyond Capitalism; GM Recall; Tony Benn; Social Media and Drones...

A new, populist, explicitly anti-capitalist party must emerge and start organizing at the grassroots level to build power over time. And this new political party must be led by and represent the young, the unemployed, underemployed and misemployed, people of color, people in debt, and everyone else who has been victimized by capitalism.

Corruption is endemic to the capitalist system and has not been successfully regulated away. Perhaps a system change is warranted?

We have passed the era of industrial capitalism and have entered finance capitalism based on expansion of the neoliberal economic model globally. This is fundamental to understand because it is this model that is driving all of our crises.