New Orleans Finally, it appears that economists are catching up with the on-the-ground reality when it comes to workers and the factors that push down on their wages. Arguments that there is a free labor market, universally mobile and propelled by little more than self-interest, have always been specious. Rationalizations that low wages …
Category: Financial Justice
New Economics for the People
Pearl River Traditional economics is under assault from all corners. The pandemic has forced some reevaluations of neoliberal scripture on everything from climate change to just-in-time supply chains to globalism itself. The Russian invasion of Ukraine will inevitably force yet another rejiggering of economic forces and allies in Europe and beyond. The shibboleths of …
Privatization Sucks
New Orleans The problem Donald Cohen and Allen Mikaelian faced in writing a book about privatization became obvious as I read it. Once you start listing the ways that private companies have ripped and run through the US public sector purse and services, where do you stop? The stories and cases in point are …