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Subjects Archives: Political Economy

Bryan Cup

Money Politics before the New Deal with Jakob Feinig

Jakob Feinig, assistant professor of human development at Binghamton University, joins Money on the Left to discuss the history of political organizing and activism around money in the United States, from the pre-Revolutionary period to the New Deal era. Characterized alternately by periods of widespread “silencing” and mass mobilization, the history of money politics that […]

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Marx on Taxation

Marx on taxation

“Marx on tax” is seen as an “empty box” by David Harvey in his latest book on Capital, but Marx and Engels had plenty to say about tax. Their tax theorizing is no anachronistic curiosity but perfectly applicable to the income and wealth inequalities of our own era.

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Economic Growth

Degrowth: a theory of radical abundance

Degrowth seeks to invert the Lauderdale Paradox. By calling for a fairer distribution of existing resources and the expansion of public goods, degrowth demands not scarcity but ratherabundance (see Sahlins, 1976; Galbraith, 1998; Latouche, 2014; D’Alisa et al., 2014).

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us federal reserve

A rate cut that failed to please

On 31 July, the United States Federal Reserve System (U.S. Fed) announced its decision to cut its benchmark short-term interest rate by one quarter of a percentage point to a target range between 2% and 2.25%. It also announced that it would put an end to its policy of selling chunks of its holdings of […]

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Amanda : Flickr

Top 1% up $21 Trillion. Bottom 50% down $900 Billion.

The insights of this new data series are many, but for this post here I want to highlight a single eye-popping statistic. Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion. The bottom 50 percent actually saw its net worth decrease by $900 billion over the same period.

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Socialism in the 21st Century

Green designs for 21st century socialism

Before turning to the subject matter at hand two abiding issues in Marxist thinking need to be addressed. First, when Marx inveighed against Utopian Socialist futuristic model building, he never intended it to become a mantra dissuading socialists from thinking practically about socialist institutional design.

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Time is running out

Time is running out

Richard Reeves is right about one thing: time is crucial to capitalism’s legitimacy. The premise and promise of capitalism are that the future will be better than the present. And “if capitalism loses its lease on the future, it is in trouble.”

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