‘Great Depression’ Ahead? IMF Sounds Dire Warning

Is another “Great Depression” on the horizon? It would be easier to dismiss these words from Nouriel Roubini, Marc Faber or other doom-and-gloom prognosticators. Coming from Christine Lagarde’s team, though, they take on a new dimension of scary. The International Monetary Fund head isn’t known for ... Read more

The Co-op Farming Model Might Help Save America’s Small Farms

Across the U.S.—from New England to California—a small but growing movement of farmers is foregoing traditional farm ownership in favor of a cooperative model. In Maine, four Somali Bantu refugees raise crops on shared land at New Roots Cooperative Farm, growing both regional and ... Read more

Amazon Concedes $15 Floor Wage, Bernie Sanders Plays Minor Role In Significant Victory

Amazon’s announcement last week that it would boost the wages of its lowest paid workers to $15 an hour in time for this year’s holiday rush, was not a generous gift from its owner Jeff Bezos, reportedly the wealthiest man on earth. It was also not, as some ... Read more

Trump And The Dynasty Defense Industry

There is little that’s shocking in the latest New York Times expose, which revealed Donald Trump and his family were handed hundred million dollar inheritances as they schemed to avoid taxes. Despite Trump’s boast to being a self-made billionaire, he was “born on third base,” inheriting a real estate ... Read more

The United States Can ‘Share The Wealth’ Now, Here’s How

In the United States, back during the Great Depression, three simple words animated a grassroots upsurge that would help make the nation the world’s first mass middle-class society: Share the wealth! And the nation did. By the end of the 1960s, the top 1 percent’s share of America’s national ... Read more

Trump’s New NAFTA Would Drive Up Drug Prices

On the campaign trail, Donald Trump set himself apart from fellow Republicans and even Hillary Clinton by advancing a protectionist trade agenda and promising to renegotiate or scrap the 1994 North American Free Trade Agreement between the United States, Canada and Mexico. So, the president celebrated ... Read more

Worker Co-Ops Catch On In Philadelphia

Last fall, Colombia native Luis Eduardo Lozano and four other immigrant day laborers, tired of the indignities of scant, irregular hours and wage theft from employers, formalized the PWA Handymen Cooperative in Philadelphia. Now the worker-owned LLC offers residential and commercial interior and exterior ... Read more

In North Carolina, Co-Ops Are Building A More Democratic Economy

Nestled at the foot of the Appalachian Mountains in western North Carolina, Morganton may seem like an unlikely place to find a large Mayan community. But since the 1980s, the Burke County city of almost 17,000 people, over 75 percent of them white and 12 percent black, is home to ... Read more

Global De-Dollarization Spells Jolts And Crises For US Economy

BEIJING — In January, President Donald Trump took to Twitter to denounce Pakistan’s commitment to fighting terrorism. Twenty-four hours later, Pakistan’s central bank announced that it no longer would use the U.S. dollar in international transactions, and would instead switch to the ... Read more

A Case For Giving Everyone A Share Of Public Wealth

In late August, the People’s Policy Project, a left-wing think tank run by economist and writer Matt Bruenig, released a proposal for the creation of a social wealth fund in the United States. Dubbed the American Solidarity Fund, the idea behind the proposal is to establish a pool of shared, ... Read more