Making the market “decisive” means that the Chinese government has decided to place profits before people — and even before that previously invincible talisman, economic growth.
A new kind of social disease has spread from recession in the United States to austerity in Europe to manufactured crisis in Australia. Tenured and emeritus academics should be hoisting the banner of civilization, raising the battle-cry for justice.
If Europe successfully implements a financial transactions tax (FTT), it will demonstrate that it is possible to make banks pay for the privilege of trading financial instruments like stocks, bonds, and derivatives.
This year’s fast GDP growth underlines one of the great myths of economic statistics: the myth that growth benefits everyone, or at least most people.
Fox News may have failed to have an impact on the outcome of the 2012 Presidential election in the United States, but media organizations controlled by Rupert Murdoch celebrated a victory this year in Australia.
Call their bluff. Take the plunge. Go over the cliff. Let the government default on its bonds.
People need jobs. Put them to work. It’s that simple.
Is $15 an hour really a fair wage for serving fast food? Is it reasonable? Is it affordable? In a word: YES.
Need a job? Join the new servant economy.
The top 0.5% of Americans are about 1.5 million people. And by definition they’re the 1.5 million richest and most powerful people in the country.