I don’t claim to have a deep knowledge of current Egyptian politics. So, I start out by saying I’m cautious about falling in love quickly. But, heck, Hamdeen Sabahi has a big mark in his favor: he does not like the so-called “free market”.
Posted on 26 December 2012.
I don’t claim to have a deep knowledge of current Egyptian politics. So, I start out by saying I’m cautious about falling in love quickly. But, heck, Hamdeen Sabahi has a big mark in his favor: he does not like the so-called “free market”.
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Posted on 31 December 2011.
I took a longer break from blogging than I thought–to think, observe a bit, rest the brain, cycle New Zealand’s spectacular South Island. But, what stirred me to break this hiatus, at the very moment that people are switching off their computers to turn to libations and debauchery, was, well, the modest observation that [...]
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Posted on 08 November 2011.
Ah, it’s Monday, and I’m walking the tip-to-tip–from upper Manhattan all the way to Wall Street–support march for #OWS. So, I feel optimistic–and here’s another little tidbit of news: the youthful economists-of-the-future are giving a big thumbs down to the teachings of the so-called "free market". They staged a walkout last week–which only got [...]
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Posted on 29 October 2011.
1.4 BILLION PEOPLE IN THE WORLD MAKE $1.25 A DAY. That is a fact. That is a moral scandal. Yesterday, I was at the United Nations for the unveiling of an important, if a bit boringly titled, "Social Protection Floor for a Fair and Inclusive Globalization". You should read this report but [...]
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Posted on 20 October 2011.
You want a reason for the uprisings in Greece, where workers are on strike to protest the brutal austerity measures, or OccupyWallStreet or the revolutions in Egypt and Tunisia fanned by the deep unemployment? Or are you looking for a reason people don’t believe the economy is getting better even when "growth" seems to [...]
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Posted on 22 July 2011.
The anger against the president that has been rocketing around many circles of liberal/progressive politics is misplaced. The crisis we face isn’t about what the president is doing, or failing to do. We are under siege, fighting the greatest class warfare in perhaps 100 years. And we can expect very [...]
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Posted on 09 March 2011.
Every day, I get a new email from some group about a new 55-page proposal to fix the economy, or I see some expert propose a sure-fired way to get us "back" to a go-go world of "positive growth". There’s value in a whole lot of some of those ideas. But, my can’t-lose strategy boils [...]
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Posted on 20 December 2010.
Here we are living at a time of the greatest class warfare in at least half a century. It is almost impossible to form a union legally in the U.S.–corporations have all power in the workplace. We have the greatest divide between rich and poor in 100 years. And now comes some clear evidence of [...]
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Posted on 05 November 2010.
Yesterday, I wrote about the disastrous state of labor in the wake of the elections. Suffering from either a lack of sleep or simple brain lock, I neglected to include one of the most dangerous coming debacles: we have lost much of the ground built opposing so-called "free trade" agreements, which have played a central [...]
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Posted on 15 October 2010.
So, it’s probably a bad sign about my own priorities that I flip on C-SPAN at night and, having stumbled on the debate in the Senate Nevada race, I stuck with it–without running for a large glass of wine. Or maybe something stronger. Oh my god. It was a muddle. I can’t [...]
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Posted on 13 October 2010.
I get why people are angry. Not the anger espoused by the racists, birthers and anti-government people. Across the political spectrum, wherever people place themselves, there is a unifying point that keeps coming up: we’ve been robbed by corporate powers. And the foolish, failed so-called "free trade" policies–pursued by Republicans and Democrats alike–is a place [...]
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Posted on 08 October 2010.
Sure, elections do matter, at some level–it is no coincidence that, in the wake of Citizens United, a torrent of corporate money is flowing to mostly Republican candidates. But, the truth is that, whatever the results of the elections, we will not end up with a government willing to stop the global movement of jobs [...]
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Posted on 20 August 2010.
Yesterday, I wrote about how the decline of U.S. wages has made workers here cheaper to hire than workers in India, at least in the call center industry. Today, the news hails from Asia where workers are rising up against poverty-level wages. From the Financial Times (and, as a side observation, the FT gives [...]
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Posted on 01 July 2010.
If it wasn’t so tragic, I’d be laughing until my belly hurt at the hand-wringing about the shaky nature of the economy. I’ve been saying this for many months, particularly every time I’ve seen the foolish predictions of the recovery around the corner. So, now, the stock market has a deep drop and people [...]
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Posted on 06 January 2010.
It is going to take the concerted effort of a lot of voices to overcome the noise being generated by the people who would like us to think that economic salvation is at hand. So, we need to keep pointing out some harsh realities facing real people. For example: The number of Americans filing [...]
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Posted on 24 August 2009.
This guy–Allan H. Meltzer, a political economist at Carnegie Mellon University–is seriously delusional: Mr. Meltzer says the risk lies not in pulling back too soon but dithering too long. And he would scrap the stimulus program immediately and replace it with cuts in marginal tax rates for individuals and businesses. "It’s certainly not a [...]
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