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Tidbits – Feb. 1, 2024 – Reader Comments: Chicago Now Largest City To Call for Ceasefire; Hawks Demand War With Iran; Texas Gov Abbott Encouraging Criminal White Extremists; New – Family Budget Calculator; Help UE Preserve the Solidarity Mural; More

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Reader Comments: Chicago Now Largest City to Call for Ceasefire; Hawks Demand War With Iran; Texas Gov Abbott Encouraging Criminal White Extremists; New - Family Budget Calculator; Help UE Preserve the Solidarity Mural; Cartoons; more....

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How Can Workers Organize Against Capital Today?

Benjamin Y. Fong Catalyst
John Womack’s labor strategy is about workers finding the capacity to "wound capital to make it yield anything.” But the massive challenge in today’s deindustrialized economy is locating where that leverage actually lies.

Why Arab States Aren’t Using Oil as a Weapon Against Israel

Hafawa Rebhi Jacobin
During the Yom Kippur War in 1973, Arab oil producers cut off exports to Israel’s allies. Faced with today’s Israeli war on Gaza, Gulf states dismiss the idea of using the “oil weapon” — an index of how much they have abandoned the Palestinian cause.

Six Ways Existing Economic Models Are Killing the Economy

Nick Hanauer The American Prospect
Economic models do not, and never can, fully reflect the extraordinary complexity of human markets. The point is to create useful abstractions to provide decision-makers with a sense of the budgetary and economic impacts of a given policy proposal.

Breaking Up (With China) Is Hard To Do

Robert Kuttner The American Prospect
In the absence of more attention to the supply chain, the U.S. is becoming even more reliant on Beijing—and ‘friendshoring’ often increases that dependence.

All Pain and No Gain From Higher Interest Rates

Joseph E. Stiglitz Project Syndicate
In the name of taming inflation, central banks have deliberately set themselves on a path to cause a recession – or to worsen it if it comes anyway. Worse, today's monetary-policy tightening will leave long-lasting scars, there are better responses.
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