Portside

Chicago mayoral candidate Paul Vallas helped create a financial disaster as head of Chicago Public Schools, making bond deals worth $666 million — whose exorbitant interest payments to Wall Street are now robbing the city’s school system.

Instead of wasting scarce funds on the Space Force, the Biden administration should deploy its diplomats to demilitarize space.

With oil prices down and wealthy countries bungling COVID-19, the pandemic has exposed the weaknesses that wealth papers over. The relationship between wealth and favorable outcomes only works when that wealth is invested in the many, not the few.

For China, the global war for influence is about trading partners. For the U.S., it could mean something more volatile. China recently softened its language toward the U.S., stressing peaceful co-existence.

The question at the heart of public banking may seem technical but is actually about political power. Public banking shifts power away from profit-motivated board members of corporate banks and into the hands of the people.

How Investor-owned Physician Practices Are Driving up Healthcare Costs

With the hard right running left and the center-left abdicating, Euroskeptics could accelerate a continent-wide crisis. Global migration is on the rise as climate change drowns coastlines, river deltas and drought drives people out of arid climates.

Essentially, the only thing that seems to qualify as “highly visible in the data” regarding corporate rate cuts is that they send a lot of money to the top of the income distribution.

It was the left who diagnosed the ills of globalization. So why is the right eating our lunch? Today global capitalism is in a period of long-term stagnation following the global financial crisis. The newer protests represent a far broader disenchantment with capitalism than the protests of the 2000s. The building blocks of an alternative economic model are there - sustainable development, de-growth, and de-globalization.

The world is being split into two halves: the U.S. dollar orbit, and countries that the U.S. cannot control and whose officials are not on the U.S. payroll, so to speak.