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 - finance
Trump’s economic policies have not addressed the fundamental forces that have gutted industrial jobs under the administrations of both parties, says economist Michael Hudson on theAnalysis.news podcast with Paul Jay.
The Federal Reserve has been subsidizing the megabanks, but what's needed is an institution that provides the backstop, the loan guarantees, the subsidies, the lines of credit, et cetera, to support the development of a whole variety of public financial institutions. Gerald Epstein on theanalysis...
The massive finance firm Blackrock says there will be "de-globalization" and intensifying rivalry between the U.S. and China no matter who wins the November elections. Heiner Flassbeck says Europe cannot agree to take sides, on theAnalysis.news podcast with Paul Jay.
: Play in new window | Download (Duration: 38:49 — 71.1MB) | EmbedSubscribe: Apple Podcasts | Google Podcasts | Spotify | iHeartRadio | Email | Deezer | RSS | More The Canadian public healthcare system has not been perfect, but it’s the privately owned facilities that have failed badly...
Throwing cash at the problem seems to help – investors at least. elenabs/Getty Images
Our fate is in the hands of a class that considers risking Armageddon an acceptable part of their business model. Essay by Paul Jay