Tag Archives: Economics

BOOKS / ‘The New Class Society : Goodbye American Dream?’

New Class Society:Making class analysis relevant By Harry Targ / The Rag Blog / February 12, 2010 I am using a text by Robert Perrucci and Earl Wysong called New Class Society: Goodbye American Dream? (Rowman and Littlefield, 2008) in … Continue reading

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‘Trickle Down’ Folly : Cutting Taxes Doesn’t Create Jobs

The “trickle down” theory: how it works.How NOT to create jobs:Cut business taxes and lower wages? Money does not trickle down in a capitalist economy — it flows upward, and that has always been true. By Ted McLaughlin / The … Continue reading

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Dark Ages Redux : Trickle Down Feudalism

Doge Enrico Dandolo preaching the Crusade. Gustave Doré (1832-1883) / Wikimedia Commons.The reincarnation of the Dark Ages:White evangelicals are the new Crusaders In place of mote-defended castles surrounded by thatched-roof shanties will be ‘gated communities’ (sporting high-tech surveillance to keep … Continue reading

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Fixing the Economy? Like Filling a Leaky Bucket

“Old tin bucket.” Photo by {JO} / Flickr.Bucket’s got a hole in it:Can we revive the U.S. economy? By Roger Baker / The Rag Blog / December 13, 2009 Is trying to fix the U.S. economy like trying to fill … Continue reading

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Economy and Unemployment : Real Recovery a Long Shot

Photo from OOlaah.comReal unemployment nears depression levels;Sustained recovery appears unlikely By Roger Baker / The Rag Blog / December 6, 2009 It should come as no big surprise that our economy is in worse shape than the U.S. government would … Continue reading

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Understanding our Economic Fix : The Crippled Financial System

Cartoon by Manny Francisco / Manila Times / Black Commentator.The product of neocon economics:Our badly damaged financial system By Sherman DeBrosse / The Rag Blog / December 5, 2009 The Democrats could lose between 20 and 35 House seats in … Continue reading

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Roger Baker : Can the Economy Recover?

Cartoon from Talking Union.Can the economy recover?And, for that matter, should it? By Roger Baker / The Rag Blog / December 4, 2009 [Steven Chu, U.S. Secretary of Energy] was my boss. He knows all about peak oil, but he … Continue reading

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Minsinformation and the Economy : The Games Republicans Play

The independents are jumping ship…Republican misinformation and economic realityBy Sherman DeBrosse / The Rag Blog / November 18, 2009 By persistent obstructionism and using endless false information, the GOP pulled off some big wins in the 2009 elections. Worse still, … Continue reading

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BBC Poll on Capitalism : Where’s the Love?

Global survey on free market capitalism:Majority say fix it or ditch it By James Robbins / November 9, 2009 Twenty years after the fall of the Berlin Wall, a new BBC poll has found widespread dissatisfaction with free-market capitalism. In … Continue reading

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FILM / Michael Moore : Anti-Capitalism Goes Mainstream

Capitalism: A love Story… Michael Moore’s new film names the systemAnd presents a radical democratic critique By Alex Knight / The Rag Blog / October 27, 2009 Capitalism: A Love Story, which opened in 962 theaters earlier this month, is … Continue reading

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Nobel Laureate Elinor Ostrom : Economics and the Environment

Elinor Ostrom celebrates winning the Nobel prize in economics. Photo by John Sommers II / Reuters.Elinor Ostrom breaks the Nobel mold:A new look at economics, the environment and the commons The economics profession needs to be shaken up. Ostrom’s Nobel … Continue reading

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Greg Moses : Cramming for the Downside

Downside up.Riding down the moody Dow: Cramming for the downside If the humming engine of human history rides a geometry of social mood, then downtimes cannot be caused by anything that uptimes do… By Greg Moses / The Rag Blog … Continue reading

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