Economy & Work

Debt Ceiling Theater and the Trump Parallel Universe
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Debt Ceiling Theater and the Trump Parallel Universe

Paul Jay interviews Tom Ferguson about the debt ceiling crisis in the United States. Ferguson explains that the debate over the debt ceiling is largely theater, with both Democrats and Republicans working together to cut spending while maintaining the appearance of opposition. He criticizes the Democrats for not raising the debt ceiling earlier when they had the opportunity and suggests that their reluctance is due to their desire to secure more campaign funding for future elections. Ferguson argues that the spending cuts rolled back are not significant enough to impact inflation and proposes alternative measures, such as taxing the wealthy and reducing defense spending, to address the issue. He also discusses the influence of money in politics and the Democratic Party’s efforts to weaken the progressive wing.

Part 2: Debt and the Collapse of Antiquity – Michael Hudson
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Part 2: Debt and the Collapse of Antiquity – Michael Hudson

In part two, Michael Hudson discusses his new book “The Collapse of Antiquity.” Hudson challenges the traditional beliefs about the fall of the Roman Empire, arguing that it was caused by a financial crisis brought on by excessive debt, wealth inequality, and the concentration of economic power. Hudson draws parallels to modern-day economies and highlights the dangers of financialization and wealth concentration.

Debt and the Collapse of Antiquity – Michael Hudson (pt 1/2)
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Debt and the Collapse of Antiquity – Michael Hudson (pt 1/2)

We get a first look at the new book by renowned political economist Michael Hudson on the age-old battle between creditors and the real economy. Ancient Rome refused to adopt the practices of debt forgiveness and land redistribution previously understood to be essential. Instead, they instituted a rigid pro-creditor legal system, assassinating anyone who remotely threatened it–including Tiberius Gracchus, Julius Caesar, and Jesus. The empire devolved into a rentier economy, ultimately collapsing from within. Today’s neoliberal establishment increasingly defends this failed state framework, even as the same disastrous dynamics intensify.

Detroiters Fight to Reclaim Their City From Real Estate Vultures – Linda Campbell

Detroiters Fight to Reclaim Their City From Real Estate Vultures – Linda Campbell

Linda Campbell, Director of the Detroit People’s Platform, has worked as a community organizer in Detroit for decades. She speaks about local initiatives which advocate for investment in affordable housing and oppose the public financing of big real estate projects which have historically contributed to community land dispossession. She also applauds the Michigan Democrats’ recent repeal of right-to-work legislation and calls upon the political leadership to fight for higher wages, particularly for non-union workers not covered by prevailing wage protections.

Bill Black on SVB: A Bipartisan Clown Car Crash

Bill Black on SVB: A Bipartisan Clown Car Crash

The legendary regulator and white-collar criminologist William K. Black explains why, contrary to corporate media coverage, the bank failures set off by the Silicon Valley Bank crash were absolutely not sudden, unexpected, or unforeseeable, and why none of the regulations Democrats or Republicans are talking about would have stopped them.

Get Organized to Win! – Jane McAlevey

Get Organized to Win! – Jane McAlevey

One of the world’s leading “organizers’ organizer” Jane McAlevey has trained thousands of activists in building more militant unions and winning electoral organizing; she sees the fight for effective unions as critical to winning transformative climate policy. In an eight-part series, Jane tells her story to Paul Jay on theAnalysis.news.

Exposing Apocalyptic Economics with Steve Keen
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Exposing Apocalyptic Economics with Steve Keen

Steve Keen has been exposing the ways mainstream neoclassical economists—including winners of the so-called Nobel Prize in Economics— have been arriving at their absurdly optimistic numbers regarding climate change, and they’re terrifying. In this interview with Colin Bruce Anthes, Keen goes through prevalent examples in detail and argues that these numbers and the methods behind them must simply be thrown in the garbage.

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