Eve Garrow and Julia Devanthéry: The five people directly responsible for the systemic failures leading to the abusive conditions in county-funded shelters—the Orange County Board of Supervisors—have been conspicuously silent since the report’s release on March 14.
Richard D. Wolff: By democratizing our workplaces, we can supplant the dominant economic system which cannot escape its intrinsic exploitation of labor
Richard Wolff: As capitalism’s dysfunctionality for the mass of the people continues to come to a head, the continued rise of socialist criticism, ideals and movements is highly likely.
Sikivu Hutchinson: As workers around the world observe May Day, Combahee’s vision still resonates for Black women workers facing a bleak economic landscape. Black women have the lowest proportion of household wealth in the U.S., possessing only pennies to the dollar of white families.
Jessica Goodheart: In the unincorporated communities of Los Angeles County, nearly a quarter of residents spend more than half of their income on housing costs.
Karen Chapple: Despite enacting dozens of well-intentioned housing bills, and discussing hundreds more, the state Legislature has yet to identify and take the bold actions necessary to ensure housing affordability for all Californians.
As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919. The race is close, with state bank bills now passing their first round of hearings in both states’ senates. n […]
Mel Gurtov: The American economic story is that wealth inequality increases along with increasing wealth overall. The higher up in the wealth chain one is, and most especially at the top 1 percent of households, the greater the gains in riches.
Mark Dempsey: Neoclassical economics gets at least a propaganda victory by the kind of willful ignorance forced on the public, particularly ignorance of the potential to make the economy more productive by paying attention to the effect of land as a productive input.
Ellen Brown: Taxpayers are paying $36 billion annually to private banks for the privilege of parking their excess reserves at one of the most secure banks in the world – parking their reserves rather than lending them out.’
Ellen Brown: To fund a project as massive as the Green New Deal, we need a mechanism that involves neither raising taxes nor adding to the federal debt; and such a mechanism is actually proposed in the US Green New Deal – a network of public banks.
Matthew Johnson: The college bribery scandal is just the latest example of what anyone who’s been paying attention should already know: the United States is not a meritocracy.
Jessica Goodheart: As cities struggle to rein in the short-term rental service, a detente in San Francisco may show the way.