Unfettered Capitalism Leads to Corruption

Unfettered Capitalism Leads to Corruption

Charles Hayes: At its best, capitalism dramatically improves lives; at its worst, unchecked greed ravages the environment, oppresses individuals, and destroys culture. Capitalism is analogous to radiation. Used carefully, it can produce miraculous results, while overuse kills.

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.

Better Than Redistributing Income

Redistributing Income

Richard Wolff: Bringing democratic decision-making into the core organization of enterprises provides the best chance for a less unequal initial distribution of income than is now common in most societies.

Too Much Talk About Taxes

bridge-collapse-600

Steve Hochstadt: Our conversations about government all seem to revolve around whether the tax rate is high or low, or who should pay more or less. We need to talk more about what we want government to do.

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.

Progressives Taught Us What Not to Do

Reversing Inequality

David Huyssen: Progressives never realized the full potential of the regulatory state to lessen inequality because they were too busy trying to change the behavior of the working class through educational reform, racist moral crusades in low-income neighborhoods, and empathy-building exercises.

What Housing Recovery?

missing housing recovery

Peter Dreier: Dealing with this problem on a city-by-city basis may not be the most efficient way to confront a national crisis, but in the face of Wall Street intransigence and federal indifference, cities have had to find their own way to restore the lost wealth of their constituents.