At a press conference on Jan. 6, the President of Mexico said the neoliberal model had failed; private banks were not serving the poor and people outside the cities, so the government had to step in.
The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.
Why are banks no longer lending to each other? Are they afraid that collapse is imminent somewhere in the system, as with the Lehman collapse in 2008?
The ideology of neoliberal capitalism was the promise of growth. But with neoliberal capitalism reaching a dead end, this promise disappears and so does this ideological prop.
The invisible hand is more like a thumb on the scale for the world’s elites. That’s why market fundamentalism has been unmasked as bogus economics but keeps winning politically.
In other words, we’re talking about a national epidemic of self-inflicted deaths.
Over the last few decades, the employee-employer relationship has been hollowed-out...by the staffing industry and businesses that want to “hire” workers without the regulations and obligations that come with officially employing them.
The GOP economic agenda roars ahead unnoticed while the Trump circus jiggles and barks under the spotlight
"Adam Tooze’s greatest achievement," writes reviewer Chakrabortty, "is to chronicle what actually happened before, during and in the long aftermath of the biggest financial crash of our lifetimes. It sounds simple but it is radical."
The problem facing working people in the U.S. is not just lack of jobs, but lack of good jobs. UE's Director of Communications takes a look at what kinds of policies produce good jobs, UE's history of fighting for good jobs and a democratic economy,
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