Portside

Hillary Clinton's record in office suggests that she is more liberal than either her husband or Barack Obama, and in a Monday speech outlining her economic vision she set out to confirm that. However, still lacking is much policy detail as to how this difference might look in practice. A future Clinton administration might help change the norms of corporate governance to foster the kind of labor relations that everyday workers have not experienced in decades.

If you really worry that the U.S. might turn into Greece, you should focus your concern on America’s right. Because if the right gets its way on economic policy — slashing spending while blocking any offsetting monetary easing — it will, in effect, bring the policies behind the Greek disaster to America.

Federally backed student loans have been available in this country, in one form or another, since the 1950s. But student debt has only reached crisis proportions in recent decades.

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When more and more can be done by fewer and fewer people, the profits go to an ever-smaller circle of executives and owner-investors. It may be that a redistribution of income and wealth from the rich to the rest of us becomes the only means of making the future economy work.

A profound crisis of identity burdens the Democratic Party. What does the party really believe? Whose interests will the nominee truly fight for? Democrats lost their old soul long ago. The 2016 election could become the decisive moment that either transforms the party with an aggressively liberal economic agenda or clings to the past and the “corporate-friendly” straddle devised a generation ago by Bill Clinton’s New Democrats.

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Over the last few decades, productivity has grown substantially, but the hourly compensation of the typical worker has grown much less. Any effort to reestablish a link between pay and productivity growth will need to promote policies that enable workers to once again join unions and bargain collectively.