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.
Call it vote-buying if you want, but when a government effectively buys the votes of 80 or 90 percent of the population, I call that government of the people, by the people, for the people.
Do we need more free markets and more privatization? Economists say yes. History says no.
Differences in the ways people live are only partly determined by income. They’re also determined by the levels of government services provided to everyone.
Chicago teachers’ wages are the focus of a major political battle – not because their salaries are out of line in a legitimate comparison – but because people are playing politics with teachers’ pay.
Congress could put 300,000 people back to work this month if it acted immediately to
provide direct support for local school districts.
The economy is growing. The money is there. It’s our democratic choice: corporate profits or public schools.
Median household income fell more than 6% in the last decade, yet national income per household grew 6%. Where did all that money go?