Category

Trickle-Down

Will socialism make a comeback? Trickle-Down

Will socialism make a comeback?

The ongoing global crisis caused by the COVID-19 pandemic has raised fundamental questions regarding globalisation and claims of its invincibility. These questions are social, political, economic, ideological and ecological in nature. The current world order, dominated by neoliberal capitalist ideologies, has fallen woefully short in the face of this global…
bubmag
May 19, 2020
An economist-exorcist’s lessons Trickle-Down

An economist-exorcist’s lessons

In his monumental work, The General Theory of Employment, Interest and Money, economist John Maynard Keynes pointed to the tremendous influence of the ideas of economists and political philosophers — “both when they are right and when they are wrong.” Even practical men, Keynes noted, “who believe themselves to be…
bubmag
May 18, 2020
The economy is in free fall but Wall Street is thriving: The bailout is working — for the rich Trickle-Down

The economy is in free fall but Wall Street is thriving: The bailout is working — for the rich

Ten weeks into the worst crisis in 90 years, the government’s effort to save the economy has been both a spectacular success and a catastrophic failure. The clearest illustration of that came on Friday, when the government reported that 20.5 million people lost their jobs in April. It marked a…
bubmag
May 10, 2020
Stocks of private equity firms soar as the economy free falls: Investors think Wall Street is the real beneficiary of government’s massive rescue efforts Trickle-Down

Stocks of private equity firms soar as the economy free falls: Investors think Wall Street is the real beneficiary of government’s massive rescue efforts

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Ten weeks into the worst crisis in 90 years, the government’s effort to save the economy has been both a spectacular success and a catastrophic failure. The…
bubmag
May 10, 2020
Don’t believe Mitch McConnell’s talk about ‘austerity’ — his track record shows he’d rather bail out corporations and the wealthy at the expense of everyday Americans’ futures Trickle-Down

Don’t believe Mitch McConnell’s talk about ‘austerity’ — his track record shows he’d rather bail out corporations and the wealthy at the expense of everyday Americans’ futures

Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein.In the latest episode of the "Pitchfork Economics," Roosevelt Institute Director Mike Konczal said government austerity causes leaders to slash budgets when…
bubmag
May 7, 2020