Economy

  • Why Karl Marx was right

    When mainstream economists start citing capitalism's greatest critic, you know the crisis of the free market is severe.

  • The $16 trillion bailout

    While Washington debates how deep budget cuts should go, the banks are still pocketing huge amounts of taxpayer cash.

  • Exploiting the unemployed

    Unemployment doesn't just affect workers without jobs--it's being used to push down the living standards of the entire U.S. working class.

  • The left-out and left-behind economy

    The plague of unemployment that took hold during the Great Recession is still upending the lives of millions of U.S. workers--with no end in sight.

  • No unemployed need apply

    No, it's not a typo: Significant numbers of employers are openly discriminating against job seekers because...they need a job.

  • The markets crack the whip

    The choice of the people in the polling booths counts for nothing against the dictates of the financial markets.

  • What's causing the market mayhem?

    Panic has returned to international stock markets because of the fears of new financial crises--and the threat of a slump back into recession.

  • Saving the euro at workers' expense

    The euro has been pulled back from the brink of collapse--but only because working people in Greece and other European countries will suffer.

  • The jobs meltdown

    Two years after the official start of an economic "recovery," the latest government report on jobs shows things are as bad as ever for the unemployed.

  • The profit guzzlers

    Skyrocketing gas prices are hitting working people hard--but that's good news for the oil companies and financial speculators who profit at our expense.

  • The non-recovering recovery

    The strut of confidence is gone, and the jitters are back after a flurry of dreadful economic statistics at the end of April.

  • The super-rich 1 percent

    While many forms of discrimination have been put behind us, fear and anxiety still stalks one of America's last despised minorities--the top 1 percent.

  • Did the bankers buy off an investigation?

    When it comes to investigating the "robo-signing" scandal, Tom Miller is proving to be less than a crusader.

  • Several doctrines for the same shock

    The policy of governments in industrialized countries is now crystal clear: make their own citizens foot the bill for the crisis.

  • Capitalism's global slump

    David McNally's new book Global Slump explains the roots and nature of a new epoch of economic crisis, austerity and working-class resistance.

  • Wishing won't make it so

    In contrast to the happy talk about economic recovery in the business press, slumping home prices and stagnating employment tell another story.

  • For an end to the debt crisis

    The president of the Committee for the Abolition of Third World Debt looks at the global debt crisis--and how some smaller nations are refusing to pay.

  • Blame the wars, not China

    Don't believe the growing chorus that blames China--the U.S. government deficit problem has one source: addiction to war and empire.

  • The cuts they won't consider

    Instead of making working people pay the price for reducing the federal deficit, how about raising taxes on the rich and cutting the Pentagon budget?

  • The few, the proud, the filthy rich

    "Got it, flaunt it" is the rule again for the super-rich after a few difficult years--and yet the wealthy are acting like they are the persecuted ones.

  • Golden economic follies

    Should we take seriously the idea, promoted by World Bank president Robert Zoellick, to partially root the monetary system in gold?

  • The knives behind the smiles

    Cooperation has given way to backstabbing at the G20 summit as industrialized nations try to push the costs of the world economic crisis onto each other.

  • Welcome to the new normal

    My mom has found herself among the long-term unemployed who are struggling in the suburbs where the American Dream is supposed to thrive.

  • Waiting for unemployment

    When I found a spot in the corner at the unemployment office, number 80 was called. The person to my left was holding 169.

  • The broken mortgage promise

    If you want to get to the roots of the foreclosure epidemic, you need to go back to the beginning--mortgage applications.