The Facts Behind The Hype: US GDP 1st Quarter 2019 Analysis

By Jack Rasmus, -

Last week’s US GDP for the 1st quarter 2019 preliminary report (2 more revisions coming) registered a surprising 3.2% annual growth rate. It was forecast by all the major US bank research [...]

New Rules for the 21st Century: Corporate Power, Public Power, And The Future Of The American Economy

By Nell Abernathy, Darrick Hamilton, and Julie Margetta Morgan, -

America’s political landscape and economic thinking are shifting. The 2016 election—and the rise of powerful movements over the past decade—has shown us that Americans are calling for change. [...]

Instead of Enriching Shareholders, These Companies Could Give 8 Million Workers a $46,000 Raise

By Colleen Boyle, In These Times -

During the most recent fiscal year, the 30 companies that make up the Dow Jones Industrial Average gave $378.5 billion to shareholders. That translates to more than $46,000 for each of their [...]

Global Economy On The Brink As Davos Crowd Parties On

By Jack Rasmus, -

“At Davos, Switzerland every year the global capitalist elite gather to party…and to prepare for the year ahead. This year more than 1500 private jets will reportedly fly in. Thousands more of [...]

Report: Unhealthy Food Production Makes Healthy Eating Impossible

By Staff, -

Hidden killers caused by food production are making healthy eating impossible for people around the world, according to Cities and Circular Economy for Food. The latest report by the Ellen [...]

‘Plunge Protection Team’ Holds Emergency Meeting As Trump Chaos Sparks Fears Of Another Financial Crash

By Jake Johnson, -

"The stock market goes up and down and the market is not the economy. But it is, for many people, their retirement or their college savings plan. And a lot of wealth has been wiped out because of [...]

The Principles Of Socialism

By Charles McKelvey, Counterpunch. -

With the emergence on the U.S. political scene of self-proclaimed socialists like Bernie Sanders, Alexandria Ocasio-Cortez and Rashida Tlaib, and with membership in the Democratic Socialists of [...]

Financial Press Cheers Election Of Fascist In Brazil

By Alan MacLeod, -

Brazil’s controversial elections pitted far-right Jair Bolsonaro against the center-left Workers’ Party candidate Fernando Haddad. But it was clear which candidate international markets—and [...]

Militarizing The Economy In The Name Of Defense

By William D. Hartung, -

Given his erratic behavior, from daily Twitter eruptions to upping his tally of lies by the hour, it’s hard to think of Donald Trump as a man with a plan. But in at least one area -- reshaping [...]

The United States Is More Socialist Than You Know

By Margaret Flowers and Kevin Zeese, Clearing the FOG. -

Compared to other wealthy countries, large sectors of the US economy are more socialized than is realized. From energy to water to transportation, land and more, and from cities and states to the [...]

After Rahm’s Destruction, Can Chicago Creative A Cooperative Economy?

By Matt Stannard, -

When Rahm Emanuel announced last month that he would not seek a third term as mayor of Chicago, he broke no hearts among people opposed to neoliberal privatization and the power of finance [...]

Dark Clouds Gather On Horizon For Financial System, Warns International Monetary Fund

By Staff, -

Bali, Indonesia -The International Monetary Fund releases its "Global Financial Stability Report" ahead of its Annual Meetings held this year in Southeast Asia. The report finds that short-term [...]

Ever Wonder Who “They” Are? We Name Names And Explain How The Global Elites Operate

By Margaret Flowers and Kevin Zeese, Clearing the FOG. -

In 2017, eight men controlled half of the world's wealth and 70% of the world controls 5% of the wealth. Global elites, the 1%, are consolidating their fortunes without regard for the remaining [...]

Global De-Dollarization Spells Jolts And Crises For US Economy

By Jon Jeter, -

BEIJING — In January, President Donald Trump took to Twitter to denounce Pakistan’s commitment to fighting terrorism. Twenty-four hours later, Pakistan’s central bank announced that it no longer [...]

A Case For Giving Everyone A Share Of Public Wealth

By Jim Pugh, In These Times. -

In late August, the People’s Policy Project, a left-wing think tank run by economist and writer Matt Bruenig, released a proposal for the creation of a social wealth fund in the United States. [...]