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Look Back in Anger (at the 07/08 Crash) Richard Kozul-Wright (pt2/4)
In dealing with the Covid economic crisis, governments must not repeat the strategy of the last crisis, where the withdrawal of fiscal stimulus adversely impacted growth, the continuation of quantitative easing, and low-interest rates propelled asset prices ever higher. It led to a combination of high inequality, financial fragility, huge amounts of debt, and growing anxiety everywhere.
25,000 Gather for Moral March on Washington
On Juneteenth weekend, activists converged on Washington in support of the Mass Poor People’s & Low-Wage Workers’ Assembly. Grossly underreported by corporate media, the demonstration was led by the co-chairs of the Poor People’s Campaign, Reverend Dr. William J. Barber ll and Reverend Dr. Liz Theoharis.
Modest Inflation is Good for Workers – Bob Pollin
Will a large infrastructure plan create inflation? If inflation is linked to higher wages, that’s not bad for workers, says Pollin. Large increases in inflation have been linked to higher oil prices which are unlikely. What’s missing from the Biden plan is it doesn’t sufficiently address a just transition for fossil fuel workers. Bob Pollin joins theAnalysis.news with Paul Jay.
Federal Reserve is Throwing Workers Out of Work to Save the Rich
Economists Gerald Epstein and Aaron Medlin’s data shows the paradox of ignoring employment and choosing to throw workers out of work has persisted over time at the Federal Reserve.
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.