How can we fund universal childcare, Medicare for All, and a green economy while reducing inequality? A new plan shows how taxing wealth and corporate profits more fairly—and cutting wasteful spending—could pay for a fairer, more prosperous economy.
In the 1990s and early 2000s, many emerging markets—including Mexico, Thailand, and Argentina—endured severe financial crises that began with capital flight. The special status of the dollar has protected the United States from such capital flight—so far. Read more »
Since 9/11, immigrants have become America’s most wanted—good news for the private firms and local governments that profit from their detention. Read more »
There is a sense of inevitability about the manias and panics of capitalist financial markets. The problem is that financial markets trade in unknown and unknowable future returns. Lacking real information, they are inevitably driven by the madness of crowds.
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