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Information is power. Our mission at Portside is to seek out and to provide information that empowers you -- that empowers the left. Every day we search hundreds of sources to connect you with the most interesting, striking and useful material. Just once a year we appeal to you to contribute to make it possible to continue this work. Please help.

 

The Truth About the Trump Economy

Joseph E. Stiglitz Project Syndicate
It is becoming conventional wisdom that US President Donald Trump will be tough to beat in November, because, whatever reservations about him voters may have, he has been good for the American economy. Nothing could be further from the truth.

Davos Man Is a Neanderthal Protectionist

Dean Baker - Beat the Press Center for Economic and Policy Research
Davos Man is also fine with government regulations that reduce the bargaining power of ordinary workers. For example, Davos Man has not objected to central bank rules that target low inflation even at the cost of raising unemployment. Nor has Davos Man objected to meaningless caps on budget deficits, like those in the European Union, that have kept millions of workers from getting jobs.

Israel's Captains of Industry Fear Boycott

Telem Yahav YNet
Leaders from Israel's tech and banking industries will fly to Davos economic forum to support Kerry's peace effort, urge Israel and Palestinians to reach deal to save Israel's economy from looming boycott

A Bit of Optimism in the Alps, A Lot of Pain in the Everyday World

Carl Bloice Black Commentator
While some of the world's economic and political elite gathered in Davos, Switzerland for the annual World Economic Forum, a United Nations agency reported that there has been an increase in unemployment planet-wide of 28 million since the onset of the current economic crisis five years ago. One million jobs were lost in western capitalist economies last year alone and three million in the rest of the world.
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