Skip to main content
Tag

Economy

National Museum of African American History and Culture

Debt-Free: Five Things to Know About the Billionaire Donor Behind That Morehouse Gift

By News & Current Affairs

By Ade Adeniji, Inside Philanthropy — It’s graduation season again, as students around the country don their caps and gowns, receive cheers from family, and then scramble to move out of their dorms. At Morehouse College, the all-male historically black college founded in 1857 in Atlanta, the nearly 400-member class of 2019 watched billionaire private equity veteran Robert F. Smith deliver the commencement address and receive an honorary doctorate. Near…

Read More
President Donald Trump talks about border security with Senate Minority Leader Chuck Schumer (D-N.Y.) and House Speaker Nancy Pelosi (D-Calif.) as Vice President Mike Pence sits nearby in the Oval Office on December 11, 2018 in Washington, D.C.

Critics Warn, $2 Trillion Infrastructure Plan ‘Another Empty Promise’ From Trump

By News & Current Affairs

“If major tax increases are off the table, there is no way to pay for a $2 trillion infrastructure plan, it’s that simple.” By Jake Johnson, Common Dreams — With President Donald Trump and Democratic leaders set to meet Wednesday to discuss a possible $2 trillion infrastructure package, a progressive advocacy group on Monday warned that any proposal that doesn’t include significant tax hikes on the rich and corporations “will…

Read More
A sign posted on a construction site says, "Danger Due to Capitalism."

Beware the Soft Hand of Capital

By Editors' Choice

Capitalism co-opts our best visions — through its soft hand, capital reforms its way out of crisis, putting forward more tolerable forms of exploitation. By Clara Mejia-Gamboa & Daniel Sullivan, Roar Magazine — These days, it seems customary to begin any political commentary with the laundry list of indicators of global decline: exploding wealth inequality, looming environmental collapse, and the resurgence of overt racial terror in far-right governments. We are…

Read More
Rep. Alexandria Ocasio-Cortez speaks during a press conference to announce Green New Deal legislation to promote clean energy programs outside the U.S. Capitol in Washington, D.C., February 7, 2019.

The Green New Deal Must Transform the Economy

By Commentaries/Opinions

By Ryan Gunderson & Diana Stuart, Truthout — Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey introduced the Green New Deal on February 7, a resolution that deserves praise for putting forth the boldest climate change proposal in U.S. history. Considering two recent projections of catastrophic climate change — namely scientists’ warning of a runaway “hothouse Earth” scenario and the Intergovernmental Panel on Climate Change (IPCC) special report detailing the impacts of a 1.5 degree Celsius (1.5°C) rise in global temperatures…

Read More
You Can't Have Capitalism Without Racism - Malcom X.

The American Economy Is Rigged — And what we can do about it.

By Editors' Choice

NOTE: No mention of the centrality of racism and sexism the plays in “rigged” capitalism. I put rigged in quotes because it’s redundant to call capitalism rigged! Capitalism has always been rigged against the vast majority of the people: those exterminated or enslaved by capitalism’s founders and those who eventually became the proletariat all over the world. Hence, this essay is fundamentally flawed in its attempt to explain why their…

Read More