White House: OK, Amnesty Cuts Wages, But Not for the 'Longer Run'
The White House’s economic advisors tried Friday to hide their admission that migration and amnesty suppress the wages that Americans can earn.
Topic
Economics
A collection of 107 articles
Probe Finds World Bank Fudged China Data for 'Doing Business' Report
The World Bank has canceled its annual Doing Business report after an independent investigation found the bank “pressured” economists into modifying data in 2018 to boost China’s ranking, the Wall Street Journal reported Thursday. “Although the data-gathering process for the 2018 report was finished, the World Bank’s economists
Consumer Sentiment Stuck Near Decade Low While Inflation Fears Rise
Consumer sentiment remains mired in the depths it sunk to in August.
Old Normal vs New: From 1980s Neoliberalism to the ‘Great Reset’
Sold under the pretence of a quest for optimising well-being and ‘happiness’, capitalism thrives on the exploitation of peoples and the environment.
WATCH: The Markets are Rigged
At base, the markets are a con game where the rich and powerful employ a raft of confidence men to lure suckers into the latest mania.
In this game, the suckers are the general public who are left holding the bag as the market bubble bursts while the smart money
WATCH: Survival Currency
We all know the problem: in the coming dystopia of social credit scores and central bank digital currencies, our ability to buy and sell will be at the mercy of the criminals in government…Unless we have an alternative means of transaction, that is.
Join James for this exploration of
Reimagining the World: Agroecology vs Post-COVID Plunder
Contingent on World Bank aid to be given to poorer countries in the wake of coronavirus lockdowns, agrifood conglomerates will aim to further expand their influence.
Putin’s Call For A New System and the 1944 Battle Of Bretton Woods
As today’s world teeters on the brink of a financial collapse greater than anything the world experienced in either 1923 Weimar or the 1929 Great depression, a serious discussion has been initiated by leaders of Russia and China regarding the terms of the new system which must inevitably replace
Lockdown Therapy for Capitalism
Artwork: “Isolation Therapy”, by Jess Ebsworth
One might think that artists wouldn’t mind being isolated and having more time in studios on account of the current Coronavirus situation. After all, we spend an enormous amount of time alone, and isolation allows us to have uninterrupted amounts of time to
Sugar and Spice and Everything Vice: the Empire’s Sin City of London
The over 1000 point plunge of the stock market on Feb 27th and broader ruptures of the financial system last week have been yet another wake up call for those who have been contented so far to “live in the moment” of fast money.
Since the 2008 financial crisis, which
Sanctions, Security and the Nord Stream 2 Pipeline
The Nord Stream 2 gas pipeline, construction of which is intended to transport 55 billion cubic metres of Russian gas to Germany per year under the Baltic Sea, is a ragbag of options and promises. The fruit of a deal between Berlin and Moscow, it has troubled those within Russia,
GOSPLAN COMES TO THE US
During the early years of the Thatcher regime, Conservative MP, Sir Ian Gilmour, served as a member of the new Conservative government elected to power in 1979.
Can the US beat China in a “trade war”?
Illustration by Henry Wong
It is very popular these days to talk and write about the “trade war” between the United States and China. But is there really one raging? Or is it, what we are witnessing, simply a clash of political and ideological systems: one being extremely successful and
Can the US beat China in a “trade war”? Or will this be the end of turbo-capitalism?
Illustration by Henry Wong
It is very popular these days to talk and write about the “trade war” between the United States and China. But is there really one raging? Or is it, what we are witnessing, simply a clash of political and ideological systems: one being extremely successful and
Asia-Pacific Trade Deal: Trading Away Indian Agriculture?
(AP Photo/Deepak Sharma)
On the back of Brexit, there are fears in the UK that a trade deal will be struck with Washington which will effectively lower food and environmental standards to those of the US. At the same time, it seems that the Transatlantic Trade and Investment Partnership
