Joseph Palermo: Mylan’s price gouging has nothing to do with the costs of “research and development” or supply and demand. This obscene price hike is nothing more than a “rent,” pure and simple. Mylan is extorting Americans who depend on the drug because it can.
Hannah Petrie: I couldn’t call myself an affordable housing advocate if I became a supplier of short-term rentals. If we ever do soup up the carriage house it will be so someone can call it home.
Steve Hochstadt: Palaces require much more than personal wealth. Russian emperors used funds they collected from millions of Russian peasants to construct homes that spoke of their unearthly power.
Richard Eskow: Without any changes at all, Social Security would be capable of paying a majority of its current benefits … forever. That’s because it will continue to collect revenue forever (or at least the foreseeable future).
s California’s housing crisis worsens, the state’s allocation of $400 million for affordable housing is on life support. That’s because the $400 million was conditioned upon passage of Governor Brown’s housing “as of right” plan, and a labor, environmental and tenant coalition is battling the proposal without a backup plan to secure the desperately needed new […]
Richard Wolff: Many system-critics of today’s capitalism are focusing increasingly on an economic transition from hierarchical capitalist enterprise organization to enterprises organized more horizontally as democratic worker cooperatives.
Robert Reich: Even a one tenth of 1% transaction tax would raise $185 billion over 10 years according to the non-partisan Tax Policy Center.
RJ Eskow: It’s rare to see Trump put much effort into anything, so it was almost likable to watch him work so hard to read his speech from a Teleprompter. All that concentration! It was like watching a child learn to draw.
Richard Eskow: There’s a recovery going on, but a lot of people can’t feel it. The middle class is dying. Inequality is getting worse. Wages are stagnating. Labor force participation remains low.
Ellen Brown: The Japanese test case could finally resolve a longstanding dispute between monetarists and money reformers over the economic effects of government-issued money.
Bill Raden: At a time when the income chasm between California’s wealthiest and poorest residents continues to be one of the widest in the nation, 2016 might become a watershed year in California’s ongoing struggle to achieve income equity for the state’s nearly 4.8 million low-wage households.
Richard Eskow: Inequality interferes with economic growth, robs people of opportunity (and with it, hope), dooms millions to poverty or near-impoverished conditions, and offends that part of the human spirit that constantly searches for fairness and equality.
Richard Wolff: Capitalists’ incomes and wealth are determined by their particular, unique and superior contributions to production. In mainstream economic theory, capitalists are not just ripping off their employees.