Robert Reich takes a take an in-depth look at antitrust laws in the United States and explains how corporate giants have come to dominate the American economy and politics.
The US trade deficit is the result of a conscious globalization strategy by large multinational corporations. This strategy has greatly paid off for them. They have been able to use their mobility to secure lower wages, reduced regulations and lower taxes.
Student debtors were, in many, many cases, persuaded to make poor financial decisions by their own government — which, as the owner of their debts, now stands to profit from those mistakes. By wiping the slate clean, Uncle Sam wouldn’t just improve the macroeconomy, but also increase its fairness, and reduce racial inequality.
A universal basic income would shore up the market. We need ideas that shrink it.
The original purpose of Monopoly was for players to experience a ‘practical demonstration of the present system of land grabbing with all its usual outcomes and consequences’ and hence to understand how different approaches to property ownership can lead to vastly different social outcomes.
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Economist Yanis Varoufakis, the former Minister of Finance of Greece, says corporations are cannibalizing politics. Hear his dream for a world "that is simultaneously libertarian, Marxist and Keynesian."
Fifty-one percent of Americans between the ages of 18 and 29 no longer support the system of capitalism.
There is no evidence that automation leads to joblessness or inequality
Piketty's radical and largely on-target critique of contemporary capitalism, the reviewer says, was mostly greeted with hostility by the economics establishment, when not simply ignored, stonewalling Capital in the Twenty-First Century, so it would not have the impact on economics research agendas that it merits, particularly in explaining inequality — in effect a dead zone in mainstream economic analysis. The reviewer thinks much can be gleaned from Piketty's work.
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