Stock Market Reaches Milestone, But Who Cares?

Stock Market Reaches Milestone

RJ Eskow: We need to start thinking about our nation’s “economies,” of which there are at least two. There is the one that is inhabited by corporations, the wealthy, and the investor class. Call that one the “elite economy.” Then there’s the other economy, the one where most of us live.

Snakes and Ladders at Netroots Nation

Netroots Nation 14

RJ Eskow: When it comes to influencing the presidential campaign, this year’s Netroots Nation was a missed opportunity. Ready for Warren had an extraordinary impact on the convention, however, and there will be other opportunities.

The GDP Fiasco: It’s Been One Snafu After Another

Shrinking Economy

Richard “RJ” Eskow: Granted, everybody gets it wrong sometimes, but this time our economists were really wrong. We were told the economy grew slightly in the first quarter of this year. Now, two revisions later, the latest GDP estimate concluded that the economy actually shrank.

Outsource Social Security?

Outsource Social Security

RJ Eskow: One of the bitter ironies of the bipartisan austerity craze has been the fact that, while there has been an assault on government jobs, there has been an equal or greater push to transfer government revenues to the private sector using lucrative, cost-inflating “privatization” contracts.

Is the ‘New Populism’ Real?

New Populism

RJ Eskow: Profound social change — whether in the agrarian economy of the 1900s, the growth of labor rights, civil rights, women’s rights, or in other transformative historical moments — has always begun with a popular movement.

Tim Geithner’s Pillow Book

Tim Geithner

RJ Eskow: It’s not that Tim Geithner is venal, or evil, or corrupt. The problem is that he is deeply embedded in a social group whose worldview is insulated from the very experiences and viewpoints that could have enriched and improved Geithner’s public service immeasurably.

Did Washington Rescue the Wrong Economy?

Tim Geithner Is Wrong

Richard Eskow: Borrower relief has an even greater stimulus effect than originally thought — if it is targeted towards non-wealthy homeowners. Wealthier homeowners are less likely to spend money when offered debt relief.

What Does Hillary Believe?

What Does Hillary Believe

Richard “RJ” Eskow: The New Populism promises to re-energize the political conversation and could potentially restore the Democratic Party’s fortunes as well. But the Democratic Party is at risk of being sidelined from the debate, paralyzed by the Sphinx-like silence of its presumptive 2016 nominee.

Madoff’s Billionaires: The Fear and the Fury

bernie-madoff-600

Richard “RJ” Eskow: There’s more than fear at work among these billionaires. There’s rage, too. These are people who are unaccustomed to hearing “no.” And many of them got where they are because they possess an overwhelming and insatiable drive for more.

The Populist Moment

plutocracy-600

Populist Revolt — The signs indicate that, however much the folkways of Washington may resist, this nation has entered a Populist Moment.

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