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Finance and the Economy

The Answer To A Stronger Economy Is More Union Power

This Labor Day, workers across the country are sending a clear message: they want a greater voice on the job. A near-record 71% of Americans approve of unions and surveys show over 50 million nonunion workers would join a union if they could. At a time when many are struggling to afford basic necessities, it’s easy to understand why. Through unions and collective bargaining, workers have more power to win higher wages, better benefits, safer working conditions, and a fairer share of the wealth they create. Unions help build a strong middle class, reduce inequality, narrow racial economic disparities, and boost participation in our democracy.

The Truth Behind Trump’s Trade War With Canada

Donald Trump has restarted his trade war with Canada, and it is likely that it will blow back on the US economy. This August, Washington and Ottawa participated in talks to negotiate a new trade deal, but Canadian Prime Minister Mark Carney revealed that the US government made last-minute demands for control over Canada’s trade deals, critical minerals, and French language policies. “The US introduced at the last hours, in the last hours, efforts to restrict our ability to have other trade deals”, Carney explained in a press conference. “We’re the partner of choice in many respects for countries around the world and the Americans wanted to restrict that. They had language that what they wanted to restrict that. Unacceptable”.

Americans Are Not Wealthy: The Truth About The US Economy

It is often said that the United States is the richest country on Earth. This is a myth. It is certainly true that, in the United States, there are some very, very rich people, including the wealthiest billionaires on Earth, and the first ever trillionaire (Elon Musk). However, when you look at the country as a whole, you see that the US is not a relatively prosperous nation. This article will analyze a broad set of data, including several different indicators, that show how Americans are not wealthy compared to people in other advanced economies.

The Economic Power Of Immigrants

Immigrants have been horribly mischaracterized by shameful deceiving politicians looking for cheap political gains, an American tragedy happening right under all our noses. It’s a horrible mistake that’s destined to hurt America’s economy and Wall Street. America’s economy cannot function very well without immigrants. Currently, the US economy is threatened with contraction by loss of immigrant entrants. This will cripple the economy. One of America’s best kept secrets: Immigrants are among America’s most productive resources and a bonanza for growth. Immigrants strengthen America.

Germany’s ‘Summer Of Reforms’ To Accelerate Militarization

In the shadow of the FIFA World Cup, the German government – a coalition of the conservative Christian Democratic Union (CDU) and the Social Democratic Party (SPD) – is pushing through a self-described “summer of reforms” that it promises will revive the stagnating economy and keep Germany “competitive” in a changing world. In practice, Chancellor Friedrich Merz’s program amounts to a comprehensive offensive against workers’ rights, social provision, and democratic participation.  In recent months alone, the government has advanced plans to slash health services, push back the retirement age, extend the working day beyond eight hours, and begin privatizing pensions.

Food Waste Isn’t Just About What We Throw Away

Back in June, I arrived at the 2026 ReFED Food Waste Solutions Summit expecting conversations centered on food recovery, diversion strategies, and emerging technologies. Those conversations happened. But I left thinking about something much larger. Across discussions on policy, technology, supply chains, and community partnerships, a different pattern emerged: food waste rarely appeared as an isolated issue. Instead, it surfaced as a signal of deeper system failures and missed connections. The more I listened, the harder it became to think of food waste as simply a waste problem.

From Brain Capture To Intellectual Sovereignty

Two decades ago, I was in South Africa with the Malawian economist Thandika Mkandawire (1940–2020). We were talking about his generation of scholars, who came of age during the national liberation movements. We had in mind people such as the Egyptian economist Samir Amin (1931–2018), Brazilian economists Ruy Mauro Marini (1932–1997) and Vânia Bambirra (1940–2015), Pakistani political scientist Eqbal Ahmad (1934–1999), South African anthropologist Archie Mafeje (1936–2007), and Nigerian political scientist Claude Ake (1939–1996).

The Economic And Political Losses Of The European Union

The subordination to Washington that Western Europe’s millionaire leaders have reinforced over the past decade with the aim of weakening Russia has cost those nations widespread economic, political, and military deterioration, as well as a loss of credibility on the international stage. The British newspaper Financial Times recently estimated that the numerous anti-Russian “sanctions” imposed by the European Union (EU) and Great Britain at the behest of the White House have caused companies doing business in Russia to suffer losses of more than 100,000 million euros, specifically in the oil and gas sectors, as well as financial institutions, insurance companies, banks, public utilities, and the automotive industry.

Over 160 Years After Abolition, Racism Still Structures US Economy

More than 400 years have passed since the first white colonists arrived in North America to establish a settlement, and more than 160 years since slavery was abolished, yet structural racism is still alive and kicking in the U.S. In the interview that follows, two economists, Michelle Holder and Jeannette Wicks-Lim, co-authors of a new book titled The Political Economy of Racism: The Persistence of Anti-Blackness in the United States, discuss how anti-Black racism developed and the role that it continues to play in the contemporary United States.

Food Insecurity Reaches Near-Pandemic Levels

While headline economic indicators continue to suggest stability in the U.S. economy, a growing body of evidence points to a different reality for millions of Americans struggling to afford basic necessities. New research from the Federal Reserve Bank of New York has found that food insecurity is increasing sharply across the country, reaching levels not seen since the height of the COVID-19 pandemic and exposing deep economic divides that aggregate statistics often fail to capture. The analysis, released this week by researchers at the New York Fed, examined responses from the Survey of Consumer Expectations and found what researchers described as “a remarkable increase in food insecurity, particularly among lower-educated and lower-income households and households with young children,” alongside “a contemporaneous increase in pessimism among the same groups, along with a sharp decline in job-finding expectations.”

AI Advocates Using Same Playbook As Free Traders Before Them

From the late 80’s to the early 2000’s, Canadian politicians and business leaders sung sweetly about the promises of free trade and globalization. Indeed, in 2005, just three years before the 2008 global recession, a consortium of business leaders proudly declared “as an economy, Canada seems to be in great shape,” and that globalization in the 80’s and 90’s had “unleashed a wave of innovation and creativity” within the private sector. Though after two decades of free trade evangelization from thought leaders, many of the arguments in favour of globalization were being repeated by rote: New markets to sell to. More foreign investment. Cheaper goods for consumers.

Rising Gasoline Prices Lead Inflation Surge In March

On Friday, April 9 the Bureau of Labor Statistics released their report on consumer prices for March. The Consumer Price Index, or CPI surged 0.9% in March, three times as high as the price increase in February. The increase in consumer prices over the past year shot up from 2.4% in February to 3.3% in March. This year-over-year inflation rate is up by a whole percentage point from 2.3% last March, just before Trump’s “Liberation Day” tariffs. The rise in prices was led by gasoline, up 21.2% in March. While the prices for consumer goods and services other than food and energy, or the so-called “core inflation rate” only ticked up 0.2% in March, the rise in fuel prices started to spill over into other goods and services.

US Wartime Economy: Bombshell Layoffs, Exploding Oil Prices

It is often claimed by bourgeois economists, historians and politicians that endless war has been good for the U.S. capitalist economy, providing jobs in weapons production and the rebuilding of what U.S. bombs destroy. For example, the high school and college textbook “America’s History” (2011) argues throughout its telling of every war — from the 19th-century Civil War to the 1940s World War II, from the 1960s and 1970s slaughter in Vietnam to the 1991 and 2003 “shock and awe” bombings and occupation of Iraq — that U.S. wartime economies turned domestic capitalist economic recessions and depressions into general boom times for the population.

Infrastructure, Finance, And The Sale Of The Future

Imagine yourself as a housing developer – an entrepreneur, a big-time player, a real deal-maker. Your people devise a plan to borrow money, buy land, design and win approval for a new subdivision, and sell 1,000 new housing units. Then, perhaps years before the houses are completed and decades before the initial mortgages are repaid, you sell your shares in the venture for a tidy profit. A neat trick, this, cashing in today on bills that others will pay long into the future. You have become wealthier, but have you been a “wealth creator”? For that matter, are you contributing to “economic growth”?

Trump’s Deportation Crackdown Is Hurting Tourism

At the Universal Studios Hollywood theme park near Los Angeles, food service worker Sam Nassar doesn’t need a corporate earnings call to know that tourism is down, including among international visitors. He can see it inside the park — and in his schedule and paycheck. “Since the start of last year, we’ve definitely seen a huge dip in attendance,” said Nassar, 39, who works primarily at the Wizarding World of Harry Potter area of the park. “My hours have been cut anywhere from 30% to 50%.” Nassar has used a second job as an in-home caregiver to make ends meet, but he wonders about the year to come.
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