Tuesday Links; New Issue!


New Issue!  We are just sending this to the printers; e-subscribers will get their full-color pdfs in the next few days. Check out the table of contents here. Not a subscriber?  We can help!

Arthur MacEwan, Dollars & Sense, Puerto Rico’s Colonial Economy;  Linda Backiel, Monthly Review, Puerto Rico: The Crisis Is About Colonialism, Not Debt.  We have posted one article from our November/December issue, Arthur MacEwan’s “Ask Dr. Dollar” column on the source of Puerto Rico’s current economic crisis: status as a colony. Monthly Review has a good (and longer) piece making the same point.

Labor Network for Sustainability, The Clean Energy Future: Protecting the Climate, Creating Jobs and Saving Money.  A new report co-produced by the Labor Network for Sustainability, 350.org, and Synapse Energy Economics (where D&S co-founder Frank Ackerman works). Our November/December issue (soon to be sent to our e-subscribers) includes a feature by Jeremy Brecher, co-founder of the Labor Network for Sustainability on a related topic:  “A Superfund for Workers: How to Promote a Just Transition and Break Out of the Jobs vs. Environment Trap.”  We should be posting that article to the website sometime in the next two weeks.

Paul Krugman, New York Times, Something Not Rotten in Denmark. He’s picking up on Sanders’ suggestion in the Democratic primary debate that Denmark (and other Scandinavian social democracies) have something for the U.S. to learn from. I didn’t like the smug American exceptionalism of Hillary’s answer (that she loves Denmark, but “we aren’t Denmark)”, which just appeals to the right-wing “common sense” that what works there won’t work here.  It’s not an argument–it’s an argument-stopper. Our November/December issue includes an “Economy in Numbers” column by Jerry Friedman about Sanders’ economic policies, how much they would cost, and how they would be funded.

Sayu Jayaraman, New York TimesWhy Tipping Is Wrong.  By one of the founders of the Restaurant Opportunities Center-NY (ROC-NY), who spoke at a D&S 35th-anniversary fundraiser back in 2009.  Very interesting on the racist history of tipping.


Corbyn Victory; Other election links

Scott Fullwiler, New Economic Perspectives, Corbynomics 101
.  A good piece responding to three critiques of Corbyn’s idea of a “People’s Quantitative Easing”: ” the government would create a public bank for financing infrastructure (National Investment Bank, or NIB), which the Bank of England (BoE) would then lend to directly in order to fund.  The NIB would then carry out infrastructure projects to jumpstart the economy, create public capital, and create jobs.” It also addresses one worrisome part of Corbyn’s economic plan, which is the emphasis on deficits–I wonder if he is just deciding that if you want to oppose austerity, you have to just pretend that you think deficits matter, because the public has been so thoroughly convinced that they do.

John McDonnell, The GuardianJeremy Corbyn would clear the deficit – but not by hitting the poor, by the shadow Chancellor of the Exchecquer in Corbyn’s shadow cabinet. Again, they seem to be just accepting deficit-phobia, and making their big point that the burden of closing it should fall on the rich, not the poor.

Arthur MacEwan, Dollars & Sense, A Case for Public Ownership.  Corbyn has called for re-nationalization of the trains and the energy sector in Britain. Our “Ask Dr. Dollar” columnist coincidentally responds in the current issue to a reader’s question about what industries, besides banks, there might be a case for nationalizing.

Michael Robert’s Blog, Corbynomics: Extreme or moderate? Nice piece about the overheated claims that Corbyn is “hard left”: “In my view, the problem with Corbynomics is that opposing austerity is not enough.”

Pablo Iglesias, The Guardian, Jeremy Corbyn, welcome to Europe’s fight against austerityThere was a related piece in El Pais by Iglesias, the head of Spain’s left party Podemos, who has endorsed Corbyn.

Nate Silver, FiveThirtyEight blog, Stop Comparing Donald Trump and Bernie Sanders.  One of the pieces Silver criticizes is this stupid column by David Brooks comparing Trump, Sanders, Carson, and Corbyn. Silver has nice things to say about Sanders, but his main point is that Trump is more of a threat to the Republican Party than Sanders is to the Democrats. “Sanders’s policy positions … are about 95 percent the same as those of a typical liberal Democrat in Congress. And where they diverge, they push Democrats further to the left in a fairly predictable way.” But he has a footnote contrasting Sanders with Corbyn:  “In contrast, consider the odd mix of radical and reactionary positions that Jeremy Corbyn has in the U.K.” Say what? The Atlantic piece he links to says nothing about reactionary positions Corbyn might have, as far as I can tell.

Conn Hallinan, Foreign Policy in Focus, These Four Elections Could Determine the Future of Europe, about upcoming elections in Greece, Portugal, Spain, and Ireland.