Exclusively in the new print issue of CounterPunch
HOW MODERN MONEY WORKS — Economist Alan Nasser presents a slashing indictment of the vicious nature of finance capitalism; The Bio-Social Facts of American Capitalism: David Price excavates the racist anthropology of Earnest Hooten and his government allies; Is Zero-Tolerance Policing Worth More Chokehold Deaths? Martha Rosenberg and Robert Wilbur assay the deadly legacy of the Broken Windows theory of criminology; Gaming the White Man’s Money: Louis Proyect offers a short history of tribal casinos; Death by Incarceration: Troy Thomas reports from inside prison on the cruelty of life without parole sentences. Plus: Jeffrey St. Clair on how the murder of Michael Brown got lost in the media coverage; JoAnn Wypijewski on class warfare from Martinsburg to Ferguson; Mike Whitney on the coming stock market crash; Chris Floyd on DC’s Insane Clown Posse; Lee Ballinger on the warped nostalgia for the Alamo; and Nathaniel St. Clair on “Boyhood.”
Archives by Tag 'economics'
The Free Market: Means or End?
JASON BERNARD CLAXTON
Free market advocates sometimes champion the free market as a means to an end, sometimes as an end in itself.  Sometimes the free market is better at achieving certain goals than any alternative, sometimes there is no alternative.  Sometimes the free market is the...
The Contradictions of Real Socialism
LOUIS PROYECT
Several months ago the Crooked Timber blog held a seminar on Francis Spufford’s “Red Plenty”,...
Mitt’s Bad Week
ROB URIE
It was Spring of 2010, less than a year after the official end of the last recession but still deep in the throes of the Great Recession, that Barack Obama’s ‘deficit commission’ met for the first time. With close to twenty-five million people unemployed ...
Obama vs. Economic Reality
SHAMUS COOKE
It took less than 24 hours for Obama’s “inspiring” convention speech to be smothered by the reality of the job crisis. The August national jobs report showed that the U.S. economy failed to create enough new jobs to keep up with population growth. More i...
The Economic Mess
ELLIOT SPERBER
Bill Clinton raised a good deal of applause the other night in his speech at the Democratic National Convention, pointing out that the Republicans made a huge mess out of the economy. And while what Clinton said was to some degree the case, it was only the case insofar as...
The Spreading Financial Rot
SERGE HALIMI
The US financial rot spread, causing a global economic crisis with catastrophic results: no jobs, millions of property owners bankrupt, waning social security. That was five years ago. Now it is quite possible that the next incumbent of the White House may be Willard Mitt...
Capitalism’s Vanishing Appeal
JAMES ROTHENBERG
It should be clear by now that our economic system is at a critical impasse, and therefore becoming less and less useful. America is not as prosperous as it once was, although some Americans enjoy the wealth of sovereigns. Americans work harder and longer than they used t...
The Finance Bomb
ROB URIE
A sort of joke making the rounds a few years back had (billionaire) Bill Gates walking into a working class bar. The joke was that the moment he did everyone in the bar on average became a billionaire. Understand—he didn’t give away any money or, other than possibly o...
What Ryan and Obama Share
PAUL A. PASSAVANT
When Mitt Romney picked Paul Ryan as his vice-presidential running mate, progressive groups immediately began to message their networks.  They said Romney had committed “political suicide,” and openly asked, “Did Romney just give away the election,” to quote some...
Greetings From the New Economy
ABBY SCHER
“Are you ready for a new economy? Are you ready for a new politics?” The challenge at the podium came from Gus Speth, the courtly co-founder of the Natural Resources Defense Council, now a professor at Vermont Law School, who is on the board of the newly created New E...
Escape From Economics
PAUL CRAIG ROBERTS
Readers ask me from time to time to recommend a book from which they can learn about economics. The problem with reading a book to learn economics that is taught in the universities and practiced in Washington is that economics is now a highly formalized subject ba...
Wall Street be Damned
SANDY LEON VEST
Bill Moyers observed recently that poor people haven’t “lost their voice.” Rather, he said, “They can’t afford a voice.” That “voice,” as more and more Americans are beginning to understand, is further muffled by Washington political elites, aided a...
The Trouble With Bubbles
DEAN BAKER
The United States has more than 20 million people unemployed, underemployed or out of the workforce altogether because of a burst housing bubble. We also have more than 10 million homeowners who are underwater in their mortgages. And, we have tens of millions of people ap...
The Virtues of Big Government
ROBERT HUNZIKER
For decades now, actually since President Reagan’s administration, Republicans, with encouragement from Neocons, Supply-siders, Neoliberals, Tea Partiers, or, in short, the Right Wing in toto, have argued big government is evil, a bureaucratic money-trap that is ineffic...
What the Market Does to Our Souls
ALAN NASSER
We live in new times. For about thirty years American capitalism featured a small but not insignificant concession to social democracy, what we are taught to call “the welfare state”, in which government contributed to the provision of a degree of material security wh...
Occupy is Alive; So is History
ROB URIE
Political leadership in the West has calcified atop a set of existing facts and trajectory that assure rebellion in one form or another until they are reconciled. In addition to the economic divides between wealth and poverty, employment and unemployment, opportunity and ...
Why Obama Must be Defeated
RUSSELL MOKHIBER
Not Ralph Nader. Not Amy Goodman. Not Noam Chomsky. Not Chris Hedges. Not Cornel West. Not Alexander Cockburn. Not one of the great left critics in the United States have dared say what Harvard Law School Professor Roberto Unger said last week. “President Obama must be ...
Supply-Side Mayhem
ROBERT HUNZIKER
Supply-side economics is front-and-center this political year. Every presidential candidate who participated in the Republican primary debates preached the gospel of Supply-side economics, prompting this article, inquiring about its efficacy. Supply-side economics ...
I’m So Bored by the Keynesians
JONATHAN M. FELDMAN
I’ve been listening to various Keynesian arguments lately and I find them boring.  In the United States, United Kingdom and Sweden, the Keynesians are critiquing the utter stupidity of the austerity agenda which is half a loaf in the battle for sanity.  Yet, the probl...
The Poverty of Nations
ROBERT HUNZIKER
There is plenty of wealth to go around in the world, but it’s tied up in too few hands for democratic capitalism to operate efficiently for society at large. Thus, in order to maintain civil order, totalitarianism increasingly becomes a byproduct of this conundrum. ...
50 Percent of the 99 Percent
LAURA CARLSEN
What’s 50 percent of 99 percent? This isn’t a math quiz. To put the question in non-numerical terms: where are women in the global economic crisis? The movement of the 99 percent that began in the United States made visible the human beings who suffer th...
Paul Krugman’s Economic Blinders
MICHAEL HUDSON
Paul Krugman is widely appreciated for his New York Times columns criticizing Republican demands for fiscal austerity. He rightly argues that cutting back public spending will worsen the economic depression into which we are sinking. And despite his partisan Demo...
What Gay Marriage Can Teach Us About Economic Recovery
SAM SMITH
The excitement over Obama’s acceptance of gay marriage, albeit on a state by state basis, illustrates two often overlooked political points: •   The lesser of two evils occasionally does something right, which, in fact, is what defines his lesserdo...
The Power of Plutocracy
ROB URIE
Last Tuesday, Mayday, 2012, tens of thousands from Occupy Wall Street and a coalition of unions and immigrant rights groups marched in New York, Oakland, San Francisco, Los Angeles, Chicago and other major cities to protest economic inequality and to celebrate other possi...
What Should People Fight For?
ROBERT JENSEN
After an engaging half-hour interview with India’s pre-eminent Marxist economist during a conference at New York University, I told a friend about my one-on-one time with Prabhat Patnaik. “There are Marxists in India?” came the bemused response. “I thought ...