Banks no longer lend money to people able to pay them back. Now they trap the poor, the sick, students and elderly people into signing up for credit cards and watch the fees pile up.
Progressives need to create an economic agenda that encompasses the environment and social justice.
In 2007 Congress may get real on the fallacies and contradictions of global trade.
Newly elected advocates of fair trade in the House and Senate could
reverse the free-trade absolutism of the Clinton and Bush years.
Milton Friedman's free-market faith produced a bastardized system of
interest-group politics that favors sectors of citizens at the expense
of many others.
As election day approaches, don't expect a reasoned discussion of
economic policy between the two parties. A barrage of
quips and one-liners have taken the place of detail and fact in
Before the storm, neoliberalism shaped the social and economic
inequities of New Orleans; after Hurricane Katrina, it worsened them
by making government the tool of corporations and investors.
Is Former Treasury Secretary Robert Rubin's new "conceptual
framework" of economic reform an acknowledgment of neoliberalism's
failures or simply a repackaged version of Clintonomics?
Back in Washington's day, Congress printed money to fight the Revolutionary War without collecting taxes to back it up--and paid the price in inflation: History repeats itself today.
The massive number of Americans who support raising the minimum wage
should spur Congress to action.