If current trends continue, in 10 years' time wages will be back to the brink of the abyss level of 1930. If governments opt for premature fiscal tightening, the recovery will fizzle out by 2022, says Richard Kozul-Wright, the Director Division of Globalization and Development Strategies at UNCTAD.
Tag - Economy
Rana Foroohar, Financial Times columnist and author (Don't Be Evil: How Big Tech Betrayed Its Founding Principles), and Mark Blyth, political economist and author (Angrynomics), join Paul Jay for a wide-ranging conversation about the deepening depression, inequality, and China. On theAnalysis.news...
The speech from the throne is only weeks away. Moments like these — pandemics, depressions, wars — are historical turning points, often marking a time period when fundamental change toward social and economic equality become possible. By Bruce Campbell.
The Biden campaign is trying to appeal to supporters of a Green New Deal and the finance sector at the same time. He's promising an FDR style New Deal at a time when Wall St. is more powerful than ever. Thomas Ferguson joins Paul Jay on theAnalysis.news podcast.
They are building more and more fragility in the system, and the bailouts are becoming bigger and bigger, to a point where business as a whole is able to run an unsustainable moral hazard extortion game against central banks. Mark Blyth joins Paul Jay on theAnalysis.news podcast.