(1 comments) SHARE Friday, May 1, 2020 It's Not a "Chinese Virus." The Correct Name Is "The Capitalism Virus"
COVID-19 reached New York primarily from Europe, not China. Italy was a center of the infection in Europe, and the deep business ties between Italy and China -- including the manufacture of designer bags and cheap clothing in Tuscany -- contributed to its devastating spread there.
(1 comments) SHARE Friday, March 27, 2020 Seven Rules for the Boeing Bailout
As we change the way we live our lives, corporations like Boeing should change the way they are run. Corporate mismanagement made this crisis worse and, if it doesn't change, will make the recovery more difficult.
SHARE Thursday, March 26, 2020 No, I Will Not Die for This Damned Economy
Texas Lt. Governor Dan Patrick received a lot of attention Monday night when, according to many progressives, he seemed to tell Tucker Carlson that he was willing to die in order to preserve the American economy.
SHARE Friday, February 7, 2020 Of Course Bloomberg's an Oligarch -- and He's Coming For Your Social Security
Given his virtually unlimited resources, Bloomberg could theoretically win both the nomination and the presidency. Bloomberg could pay the same "unit price" he paid to make himself mayor of New York -- $88 per voter -- and make himself president for $12 billion. He'd even have $50 billion set aside for a rainy day.
(3 comments) SHARE Thursday, February 6, 2020 After Iowa, The Democratic Party Faces a Crisis of Legitimacy
The Democratic Party's Iowa caucuses wasn't a failure of technology. It was a failure of values. This failure casts a shadow on the party's ability to carry out its basic responsibilities. Worse, it suggests that its leaders care more about helping their friends than serving the public interest.
SHARE Saturday, February 1, 2020 "Balfouristans" for Bibi: "Apartheid" Isn't an Insult, It's a Blueprint
The Palestinians don't need any more advice. If they ever do, they can always look to the South African freedom struggle. It will remind them of the path forward, a path for justice they have long known lies before them, the only path that will lead to a decent future for the generations to come: no compromise on basic rights, no colonialism, and full nationhood for the Palestinian people.
(2 comments) SHARE Sunday, November 10, 2019 Can Bloomberg Buy the Election for $12 Billion? If So, He Can Write the Check Today
If anybody can buy this election with personal funds, "Mike" can. He is one of the richest people in the world. According to Forbes, a source that is hardly hostile to the wealthy, Bloomberg currently has a net worth of $52.3 billion. He may have certain restrictions on his investments and assets, but borrowing against them would be easy.
(7 comments) SHARE Wednesday, July 31, 2019 The Fatal Flaw in Kamala Harris' Health Plan
In the end, we're likely to find ourselves exactly where we are today: with a Democratic plan that has been damaged before it can be fully rolled out. Kamala Harris' plan is too fragile, too complex, and most of all too trusting of the predatory private sector to succeed.
(3 comments) SHARE Thursday, April 11, 2019 Medicare For All: Accept No Substitutes
It's misleading to argue that Medicare for All would "eliminate" the current Medicare system. It would keep and enhance its positive features, while eliminating the out-of-pocket costs and administrative challenges that bedevil so many of its current recipients. Worse, the word "eliminate" is likely to sow unfounded panic among fearful elders.
(1 comments) SHARE Friday, August 3, 2018 Pandering to Deficit Hawks Is a Losing Strategy
Calls for Democratic unity are premature. Democrats are debating important ideas, including the importance of deficit reduction and the "pay as you go" principle. If the left loses that debate, the party is likely to lose later -- either this year, or in years to come. It shouldn't be silenced.
SHARE Tuesday, July 31, 2018 An Economy in the Fast Lane -- With No Brakes
Trump has been bragging about the economy a lot lately. He says the United States is now the "economic envy" of the world. Unfortunately, Trump is once again trying to reshape reality to fit his own delusions. Reality is refusing to cooperate. Is the world likely to "envy" the tens of millions of Americans living in poverty, including the estimated 5.3 million Americans living in deep poverty?
SHARE Tuesday, July 24, 2018 Was Goldman's CEO "Inspiring" or Good for the Economy? Nope, and Nope
There was the financial crisis, which was primarily the product of Wall Street firms. The recovery from that crisis has been lopsided, with only upper-income households seeing an increase in their median wealth. Middle- and lower-income families are worse off, and the wealth gap between upper-income families and everyone else is now rarely recorded.