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Economy

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…

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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…

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Nobody would mistake Cory Booker for a radical.

Cory Booker’s Big New Policy Idea Isn’t Reparations, but It’s the Closest a Presidential Candidate Is Going to Get

By News & Current Affairs

By Jordan Weissmann — Sen. Cory Booker did not come out and propose reparations for black Americans this week. But the policy idea he rolled out on Monday might be the closest thing that we can expect to see from a serious presidential contender going into 2020. The senator from New Jersey, who is gearing up for a White House run, plans to introduce legislation soon that would create a “baby bond”…

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A toilet roll next to 2,600,000 bolivars, its price and the equivalent of US$0.40 at a mini-market in Caracas.

Venezuela, President Nicolas Maduro And The People

By Commentaries/Opinions

For the empowered Venezuelans, their socialist ideology is part of their identity. It is what and who they are, writes Les Blough. By Les Blough, teleSur — In his article, ‘Venezuela’s Monetary Revolution Vis-a-Vis Economic Sanctions,’ Nino Pagliccia reports on the new economic model based upon the petroleum-backed cryptocurrency, the Petro, introduced in March of this year. The new initiative brings a series of economic measures to begin on August…

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Black child holding coins - Serede Jami / Eyeem / Getty Images

Black Americans’ Median Wealth Could Disappear in One Generation

By Editors' Choice

By Adam Hudson, Truthout — It’s no secret that, as the saying goes, “The rent is too damn high.”Across the nation, housing is becoming increasingly expensive for many Americans. But the story of the present-day housing crisis is not just a story of rising rents; it’s also a story of systemic racism. Today’s rising housing prices exacerbate the racial wealth gap in the US by making it more difficult for Black…

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