The president-elect has said that he believes in student debt forgiveness. Why then is he refusing to rely on straightforward executive action to achieve his stated aims?
Biden has, at times, seemed sympathetic to Republican arguments to increase the age of retirement as a way to keep Social Security solvent and to modify how benefits are calculated adjusting for inflation -- maybe resulting in lower benefits.
It is time to recognize that the cruel experiment in financing higher education through student loans has failed. Inescapable debt is a major driver of social collapse. It has made the racial wealth gap worse and weakened the entire economy...
Why do we fail in protecting our own people’s health and well-being while we squander more than a trillion dollars each year – with the assent of both Republicans and Democrats – on maintaining a failed and futile military empire across the world?
When the Covid-19 scare has passed, we will have a different government, a different economy and a different financial system. We need to make sure that what we get is an upgrade that works for everyone.
At a press conference on Jan. 6, the President of Mexico said the neoliberal model had failed; private banks were not serving the poor and people outside the cities, so the government had to step in.
The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.
Why are banks no longer lending to each other? Are they afraid that collapse is imminent somewhere in the system, as with the Lehman collapse in 2008?
The ideology of neoliberal capitalism was the promise of growth. But with neoliberal capitalism reaching a dead end, this promise disappears and so does this ideological prop.
The invisible hand is more like a thumb on the scale for the world’s elites. That’s why market fundamentalism has been unmasked as bogus economics but keeps winning politically.
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