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HOW DID ABORTION RIGHTS COME TO THIS?  — Carol Hanisch charts how the right to an abortion began to erode shortly after the Roe v. Wade decision; Uber vs. the Cabbies: Ben Terrall reports on the threats posed by private car services; Remembering August 1914: Binoy Kampmark on the enduring legacy of World War I; Medical Marijuana: a Personal Odyssey: Doug Valentine goes in search of medicinal pot and a good vaporizer; Nostalgia for Socialism: Lee Ballinger surveys the longing in eastern Europe for the material guarantees of socialism. PLUS: Paul Krassner on his Six Dumbest Decisions; Kristin Kolb on the Cancer Ward; Jeffrey St. Clair on the Making of the First Un-War; Chris Floyd on the Children of Lies and Mike Whitney on why the war on ISIS is really a war on Syria.
Archives by Tag 'economics'
Breaking Down Inequality
MOSHE ADLER
 “Divided, The Perils of Our Growing Inequality,”  edited by David Cay Joh...
The Brutal Legacy of the Muscular Christian Movement
MICHAEL PERELMAN and VINCENT PORTILLO
In the late nineteenth century, a fear about the softness of American society raised doubts about the capacity of the United States to carry out its imperial destiny.  This problem was associated with the final settlement of the frontier.  As important as the developmen...
Obama’s Plan for Economic Immiseration
ROB URIE
President Barack Obama spoke at length on the economy on Wednesday in the first of what is reported to be a series of speeches he will give around the country to push his economic ‘agenda.’ A question for his supporters is why Mr. Obama is now purporting to promote th...
Obama’s Master Class in Economic Demagogy 101
MICHAEL HUDSON
Yesterday President Obama chose Knox College in Galesburg, Illinois (originally founded by anti-slavery activists in the 1830s) to float the economic program he has been working out with Wall Street investment bankers. His aim is to wrap this program in a democratic rheto...
Cuba’s Economic Performance in 2012
JOSÉ LUIS RODRIGUEZ
Havana. Recently, the National Office of Statistics and Information (ONEI) published a digital version of the Economic and Social Outlook for 2012,  a document it publishes regularly as a preview of the Statistical Yearbook of Cuba (AEC).  [1] The...
Why Stiglitz is Wrong About Abenomics
MIKE WHITNEY
Liberal economists in the US are absolutely ga-ga about Abenomics, and for good reason. Under Japanese Prime Minister Shinzo Abe’s leadership the Bank of Japan (BoJ) has flooded financial markets with money pushing stocks up nearly 80 percent in a matter of months,...
The Corporate State and Manufactured Dependence
ROB URIE
An argument often heard in the 1980s and ‘90s by those favoring lower taxes on the rich was the rich could avoid paying taxes because they had the resources to do so, so why not be pragmatic and set tax rates low enough the rich would actually pay them? The people makin...
Mortgages in the Era of Mass Terror
LAURA GOTTESDIENER
Terrorism is a tricky act to define, particularly when household appliances have become weapons of mass destruction. Earlier in April, as the National Guard and Boston Police scoured the city’s suburbs in search of two men believed to have planted the fatal marathon bom...
The Economics of Over-Ripe Capitalism
ALAN NASSER
“We have now grown used to the idea that most ordinary or natural growth processes (the growth of organisms, or populations of organisms or, for example, of cities) is not merely limited, but self-limited, i.e. is slowed down or eventually brought to a stand...
Ready for Rationing?
ROBERT JENSEN
It’s not clear whether Stan Cox is a plant breeder with a penchant for politics, or a political provocateur who finds time to do science. Whichever aspect of his personality is dominant, Cox artfully draws on both skill sets to make the case for rationing, perhaps the m...
A Short History of Primitive Accumulation
MICHAEL PERELMAN
The choice of Adam Smith as an introduction to a discussion of primitive accumulation might seem curious even though he inadvertently began the discussion of the concept.  Like a modern astrophysicist trying to understand the Big Bang, he asserted that “the accumul...
The Economy and a Pair of Shoes
TOBIAS ROBERTS
The other morning, after dreaming to the tune of the constant patter of rain on the tin roof of my house, I woke early to enjoy a morning stroll through the mountains of northern Guatemala.  After an hour or so of watching the mystical dance of clouds caressing the valle...
An Interview with Michael Klare
KEN KLIPPENSTEIN
Michael T. Klare is the author of the book, The Race for What’s Left (2012), in which he...
Comparing the US and Venezuela
ERIC DRAITSER
What does it mean to be “Third World” in 2013? If we are to t...
Deficit, Debt and Decline
MICHAEL BRENNER
Washington’s foreign policy establishment is wringing its hands over the deficit. They voice fears that America’s dominant position in the world will be jeopardized by tight budgets and lingering austerity that lowers its influence on all manner of global economic mat...
Reality Economics
MICHAEL HUDSON
“Whom the gods would destroy, they first make mad.” And if they would destroy economies, they first create a wealthy class on top, and let human nature do the rest. The acquisition of power soon leads to its abuse, to economic and social hubris. By seeking to protect ...
Peña’s Promises
LAURA CARLSEN
Mexico City. Against the sharply contrasting backdrop of violent conflicts in the streets and carefully staged official events, Enrique Peña Nieto took office yesterday. The general outlines of the plan for his six-year term, although still not detailed, ...
Whose Side is Warren Buffett on Anyway?
D. SIDNEY POTTER
It’s not often that I can’t figure out, or even admit that I can’t figure out a person.  And fortunately, that hasn’t happened in this particular instance when it comes to deciphering Warren Buffett’s true stripes.  The problem is, like a Discovery cable show ...
Back to the Future
VIVUDS BALDAVS and JEFFREY SOMMERS
We have arrived at a historical moment of economic crisis where no exit appears visible. The limits of financialization and the “service” economy have been reached.  The way forward is through a return to developing the real economy. However, we are also at the limit...
By Their Fruits Ye Shall Know Them
MICHAEL HUDSON
The Democrats could not have won so handily without the Citizens United ruling. That is what enabled the Koch Brothers to spend their billions to support right-wing candidates that barked and growled like sheep dogs to give voters little civilized option but to vote for ...
The Economy is not Society
GYANENDRA PANDEY
Powerful hurricanes and disasters can actually increase economic activity, we are told. The point could be made in relation to Katrina and Andrew – and now it may be repeated with Sandy. One economist notes that this is “a problematic aspect of how we account for econ...
Why Revive the System?
ROB URIE
One of the more telling stories of Western economics takes me back to my days as a wee lad studying at university. Ben Bernanke (Chairman, Federal Reserve) and Andrew Abel had co-written the imaginatively titled ‘...
The Wrecking Society
DEAN BAKER
There is an old story from the heyday of the Soviet Union. As part of their May Day celebrations they were parading their latest weapon systems down the street in front of the Kremlin. There was a long column of their newest tanks, followed by a row of tractors pulling mi...
Trickle Up and Trickle Down
PAUL CANTOR
Trickle down economics refers to the view that the profits of the rich ultimately trickle down to the poor.  Specifically, for example, tax cuts that benefit the rich motivate them to invest and the growth that results from that investment benefits everyone....
The Broken Record of Supply-Side
ROBERT HUNZIKER
Like an aged phonograph playing a scratched record, the same old Supply-side Tune keeps playing over and over again in the political arena. The centerpiece of the 2012 presidential election is the economy and how to best manage it by reducing budget defici...