Robert Borosage: The record 74 months of private sector jobs growth has only begun to make labor scarce enough to give workers bargaining power to lift wages.
Ellen Brown: Despite North Dakota’s collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota’s population, could do following that state’s lead.
Walter Moss: In a fitting irony for our mixed-up, topsy-turvey political season, the Jewish Bernie Sanders praises the Catholic papal positions on capitalism, while the Republican Speaker of the House, the Catholic Paul Ryan, is much more influenced by the free-market philosophy of Friedman and Hayek. Bernie Sanders Moral Economy
Richard Eskow: The simple fact remains: Even if our too-big-to-fail institutions each gave us a credible-sounding “living will,” we could never be sure it would actually be implemented successfully during a real crisis. Break Up Big Banks
Robert Reich: Given the gargantuan size of the financial market and the huge volume of trading occurring within it every day, this tiny tax would generate lots of revenue.
Michael Hertz: The SSA can make more money on its assets, while at the same time lending out money at lower rates than do the credit card companies.
Ellen Brown: Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.
Natalie Davis: It’s not just the United States that boasts political and economic systems rigged to favor the corporatist, moneyed class over the people, it’s pretty much the whole damn world, covering the Americas, Europe, Africa, Asia, and the Middle East.
Robert Borosage: We experienced jobs growth in retail trade, construction and health care, but lost manufacturing jobs again last month (down 29,000). The economy keeps getting better, but most Americans don’t experience it.
Ernest Canning: Bernie is the only person out there who is talking about those fiscal stimulations and banking rules that will get the banks lending.
RJ Eskow: Wall Street has now paid more than $200 billion in fines and settlements for fraudulent activity. This almost unimaginable sum can be broken down into slightly more digestible (though still enormous) portions by looking at the amounts paid by individual banks.
Robert Reich: By making it easier for American corporations to make things abroad, the deals have reduced the bargaining power of American workers to get better wages here.
Ellen Brown: Critics have long questioned why violent intervention was necessary in Libya. Hillary Clinton’s recently published emails confirm that it was less about protecting the people from a dictator than about money, banking, and preventing African economic sovereignty. Hillary Email Server