The title of this short book, only 130 pages, Building the New American Economy: smart, fair, & sustainable by Jeffrey D. Sachs with a foreword by Bernie Sanders (Columbia University Press, 2017) is unfortunately misleading. There is much here about the new economy. The misleading part is that there is very little about its construction, the building of the new economy.
Sachs covers many important issues in a thorough, efficient fashion. If you need a primer or a tune up about the economy this is a good place to start. These include: investment in our society, infrastructure, Federal budget, income inequality, healthcare, energy, military and the empire (not his phrase), and innovation. If you have been reading my postings over the last 5 or so years much of this will seem a bit deja vu. Continue reading →
There is much ongoing discussion about steps needed to turn the enormous one day action of the global Women’s March in to a sustained movement to achieve better outcomes for the vast majority of Americans.1 To focus on just one strategic element, the movement needs to move beyond identity politics to embrace class warfare. The rich and corporations have carried out a sustained and successful class war for more than 40 years. They control the government and the economy. Donald Trump is just a symptom of the underlying issues. We need to break this hammerlock and shift the rules of politics and the economy back towards us, the 90% who are living off the remainders, the scraps from their feast. Continue reading →
The energy of this action is illustrated locally by the fact that over a 1,000 people marched in Hudson NY, a town of 7,000 in a county of 68,000. Video here of this event [↩]
The Trump election debacle demonstrates the bankruptcy of the current leadership of the Democratic Party. Faced with a foe who has engaged in serial bankruptcy as a business strategy, is a notorious know-nothing bully with a very sensitive ego, and is best known as the red-faced guy on reality TV who says “You’re fired”, they could not come up with a candidate and story to retain their core voters in the old rust-belt states. Continue reading →
The election of Trump and the continued Republican control of both Congress and Senate guarantee that the rich will continue to get richer at the expense of the shrinking middle class and further aggravate conditions for the poor. Trickle down economics and tax subsidies will flow for the rich and corporations. The financial sector will buy its way out of the weak regulations of Dodd/Frank and lurch towards new adventures in gambling; a financial disaster will once again require the socialization of their risk at taxpayer expense. Continue reading →
Now that the quadrennial Presidential election circus has officially passed the first pole, we can take a look at the field. None of the Republicans would even be allowed into my outhouse let alone past the front door. They are all counter-factual, racist, homophobic, religious, free market fundamentalist zealots (excepting of course Trump who is most of that but also a made for TV grinning orange monkey). So, enough with them. Continue reading →