If I were a betting man, I’d put my money a model of capitalism that’s neither no-lose socialism for the rich nor cruel hyper-capitalism for the rest, but share-the-gains capitalism for everyone.
Even though it’s an excellent idea championed by a major candidate, a financial transactions tax isn’t being discussed this election year because Wall Street won’t abide it.
If either of these men is elected president, we could see the largest redistribution in American history from the poor and middle-class of America to the rich. This is class warfare with a vengeance.
Not day goes by, it seems, without the mainstream media bashing Berney Sanders’s economic plan – quoting certain economists as saying his numbers don’t add up. They’re wrong. You need to know the truth, and spread it.
You are the captains of American industry, the titans of Wall Street, and the billionaires who for decades have been the backbone of the Republican Party. But you’re paying a big price – and about to pay far more.
Something very big has happened, and it’s not due to Bernie Sanders’ magnetism or Donald Trump’s likeability. It’s a rebellion against the establishment. The question is why the establishment has been so slow to see this.
Both men would be disasters for America, but Ted Cruz would be the larger disaster. Cruz is more fanatical, disciplined, and strategic. He's a true believer, and a loner who's willing to destroy government institutions to get his way.
I’m writing to you today to announce the death of the Republican Party. It is no longer a living, vital, animate organization. It died in 2016. RIP. It has been replaced by warring tribes.
Instead of “Yes we can,” many Democrats have adopted a new slogan this election year: “We shouldn’t even try.” I understand their defeatism. But here’s the problem. There’s no way to reform the system without rocking the boat.
If you’re working harder but getting nowhere, and understand that the system is rigged against you and in favor of the rich, you don’t care about the details of proposed policies and programs. You just want a system that works for you.
Democrats could still win back the white working class -- putting together a huge coalition of the working class and poor, of whites, blacks, and Latinos, of everyone who has been shafted by the shift in wealth and power to the top.
"The Big Short" -- Adam McKay's movie, based on Michael Lewis book about the housing and credit bubble that triggered the Great Recession -- shows why Bernie Sanders's plan to break up big banks and reinstate Glass-Steagall is necessary.
Economic forecasters exist to make astrologers look good, but I expect the U.S. economy to sputter in 2016. That’s because the economy faces a deep structural problem: not enough demand for goods and services it's capable of producing.
Martin Shkreli, the former hedge-fund manager turned pharmaceutical CEO who was arrested last week, has been described as a sociopath. In reality, he’s a brasher version of what others in finance and corporate suites do all the time.
The great American middle class has become an anxious class – and it’s in revolt. Before I explain how that revolt is playing out, you need to understand the sources of the anxiety.
If Pfizer or any other American corporation wants to leave America to avoid U.S. taxes, that’s their business. But they should no longer get any of the benefits of American citizenship – because they’ve stopped paying for them.
A small number of angry, deranged people inevitably will vent their rage at groups they find threatening. Some will do so violently. But this doesn’t absolve politicians who have been fueling such hatefulness.
We’re going to need an especially wise and able leader as president. Yet our process for choosing that person is a circus, and several leading candidates are clowns. How have we come to this? Yet our process for c
As long as the big corporations, Wall Street banks, their top executives and wealthy shareholders have the political power to do so, they’ll keep redistributing much of the nation’s income upward to themselves.
America is the only democracy in the world where anyone can run for president -- and, armed with enough money, possibly even win. Which makes it all the more important that we distinguish leaders from demagogues.
Maybe some jobs are worth risking if a strong moral case can be made for a $15 minimum. That moral case is that no one should be working full time and still remain in poverty. People who work full time are fulfilling their most basic soci
The Washington Post just ran an attack on Bernie Sanders that distorts not only what he’s saying and seeking but also the basic choices that lie before the nation.
The Republican assault on Planned Parenthood is filled with lies and distortions, and the House vote last week to cut off its funding may lead to a government shutdown. This is, quite frankly, nuts.
America’s problems have nothing to do with what happens in bedrooms. Our problems have everything to do with what occurs in boardrooms, and whether corporations and wealthy individuals are allowed to undermine our democracy.
As Labor Day looms, more Americans than ever don’t know how much they’ll be earning next week or even tomorrow. It’s the biggest change in the American workforce in over a century, and it’s happening at lightening speed.
Employers treat replaceable workers as costs to be cut, not as assets to be developed. Replaceable workers almost never get paid family leave, they get a few paid sick days, and barely any vacation time.
Political insiders don’t see that the biggest political phenomenon in America today is a revolt against the “ruling class” of insiders that have dominated Washington for more than three decades.
It’s impossible to overcome widening economic inequality in America without also dealing with the legacy of racial inequality. And it is impossible to overcome racial inequality without also reversing widening economic inequality.
The Greek debt crisis offers another illustration of Wall Street’s powers of persuasion and predation, although the Street is missing from most accounts. The crisis was exacerbated years ago by a deal with Goldman Sachs.
If we continue in the direction we’re headed we’ll soon have a health insurance system dominated by two or three mammoth for-profit corporations capable of squeezing employees and consumers for all they’re worth.
The Supreme Court's recent decision on housing discrimination is important in the fight against economic apartheid in America – racial segregation on a much larger geographic scale than ever before.
In every election cycle since 2008, more money has gone into lobbying at the federal level than into political campaigns. And an increasing portion of that lobbying money has gone into the pockets of former members of Congress.
On Friday, President Obama chose Nike headquarters in Oregon to deliver a defense of the Trans-Pacific Partnership. It was an odd choice of venue. Nike isn’t the solution to the problem of stagnant wages in America. Nike is the problem.
As I travel around America, I’m struck by how utterly powerless most people feel. The companies we work for, the businesses we buy from, and the political system we participate in all seem to have grown less accountable.
America’s “flexible labor market” is the envy of business leaders and policy makers the world over. There’s only one problem. The new flexibility doesn’t allow working people to live their lives.
The rise of “independent contractors” Is the most significant legal trend in the American workforce – contributing directly to low pay, irregular hours, and job insecurity.
I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains. The fact is, trade agreements are no longer really about trade.
Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed. The Street’s excesses pose a continuing danger to average Americans.
Insider trading has also become commonplace in corporate suites, which is one reason CEO pay has skyrocketed. If Congress and the Securities and Exchange Commission wanted to reverse this, they could. But they won’t.
America can’t tackle widening inequality without confronting the power and privilege lying behind it. If the Democratic party doesn’t lead the charge, who will?