Thursday, 13 February 2020

'Brexit Is a Mistake But It Is Not a Catastrophe' - Nobel Prize-winning Economist Paul Krugman

Paul Krugman is a Nobel prize-winning liberal economist, author and New York Times columnist.

Ahead of the 2020 Presidential debate, his new book 'Arguing with Zombies' tackles common misunderstandings in the world of economics.

Krugman talks to Krishnan about what are these Zombie ideas, comparing American and British politics and why Brexit isn't a catastrophe.

Wednesday, 12 February 2020

WELTjournal +: Abstieg - Der amerikanische Alptraum | 22.11.2017/ORF 2

Das WELTjournal+ porträtiert die wachsende Schicht der Working Poor in den USA, die arm sind trotz Arbeit.

Monday, 10 February 2020

‘The System Is Broken’: The Billionaire Investor Who Fears a Return to the 1930s

THE GUARDIAN: Ray Dalio, who has a near $19bn fortune, is one of a handful of the 0.01% to go public with concerns about the system that created that wealth

Ray Dalio, the billionaire investor, has just released his first children’s book. It’s a bedtime story he hopes will inspire a new generation of entrepreneurs and leaders. There are other stories that keep Dalio awake at night.

Stock markets have soared in recent years, employers are struggling to find workers, inflation is under control. And yet: “This period is very similar to that of the 1930s,” he says. “We’re at each other’s throats when these are the best of times. I worry about the bad times.”

Dalio, the founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds, and a man with a personal fortune that tops $18.7bn, is one of a handful of the 0.01% who have gone public with their worries about the system that created that wealth.

“The world has gone mad, and the system is broken,” he wrote in a series of viral posts on the issues he sees in the modern economy last year.

The gap between rich and poor has grown too wide, and most people have not seen real income growth in decades, he wrote. The economy is stacked against those at the bottom. Education, healthcare, the tax system, the prison system and political deadlock have created a situation that presents an “existential risk” to the US and the rest of the world. It was a searing indictment of the status quo, not least because it came from someone who had benefited from it the most. » | Dominic Rushe in New York | Sunday, February 9, 2020

Prof Richard Wolff: An Economic Crash Is Coming and It Will Be Bad

Professor Richard Wolff discusses the state of the economy and the potential impact the 2020 election could have.

Monday, 20 January 2020

Donald Trump Is a Good President … But Only for the Top 1%

THE GUARDIAN: On all economic measures, from jobs to health to GDP to disposable income, the president has failed America

As the world’s business elites trek to Davos for their annual gathering, people should be asking a simple question: have they overcome their infatuation with the US president?

Two years ago, a few rare corporate leaders were concerned about climate change, or upset at Donald Trump’s misogyny and bigotry. Most, however, were celebrating the president’s tax cuts for billionaires and corporations and looking forward to his efforts to deregulate the economy. That would allow businesses to pollute the air more, get more Americans hooked on opioids, entice more children to eat their diabetes-inducing foods and engage in the sort of financial shenanigans that brought on the 2008 crisis.

Today, many corporate bosses are still talking about the continued GDP growth and record stock prices. But neither GDP nor the Dow is a good measure of economic performance. Neither tells us what’s happening to ordinary citizens’ living standards or anything about sustainability. In fact, US economic performance over the past four years is Exhibit A in the indictment against relying on these indicators. » | Joseph Stiglitz | Monday, January 20, 2020

Oxfam Warns of Widening Gap between Rich and Poor

The world's billionaires have more money than 60% of the world's population, says Oxfam's annual report on global inequality. It said poor women and girls were at the bottom of the scale, putting in "12.5 billion hours of unpaid care work each and every day," estimated to be worth at least $10.8 trillion a year. James Wilson reports.

Tuesday, 14 January 2020

Poverty Keeps Millenials from Middle Class

Millenials are being held back by extreme poverty and having trouble getting into the middle class, what will this do to our country?

A whole generation is being pushed out of the middle class and it could have devasting effects on our country, years of reaganomics have added so much debt that Millenials no longer feel like they can get to the middle class.

Saturday, 11 January 2020

Full Interview: Bernie Sanders Meets with the Register's Editorial Board (December 6, 2019)

Watch live as presidential candidate and U.S. Sen. Bernie Sanders of Vermont meets with the Register's editorial board on Friday, Dec. 6, 2019.

Sunday, 5 January 2020

US Killing of Iran's Soleimani Pushes Oil Prices Up, Stocks Down | DW News

News that a US airstrike killed top Iranian general Qassem Soleimani, ratcheting up geopolitical tension in the region, has struck fear across the world's stock market trading floors. Worries over Iranian retaliation against the US and further instability in the crude-rich Middle East have sent oil prices soaring. Soleimani was the head of the elite Quds Force of Iran's Revolutionary Guard. Iran's Supreme Leader Ayatollah Ali Khamenei declared three days of national mourning for the general's death. According to reports, US President Donald Trump ordered the attack. So how can we expect markets to respond to the escalation of tensions in the Middle East?

Thursday, 5 December 2019

Days of Revolt: How We Got to Junk Economics

In this episode of teleSUR's Days of Revolt, Chris Hedges interviews economist Michael Hudson on the history of classical economics and explores Marx’s interpretation of capitalism as exploitation

Richard Wolff on Reaganomics (2017)

Richard Wolff Interview On The Negative Results Of Reaganomics. A Modern History Lesson In American Economics.