Tag Archives: growth

Hope and Ka-ching

Hope and Ka-ching
Finance, as Martin sees it, is the key to getting significant control of wealth into workers’ hands. “There is this myth of capitalism that says that the 1 percent invest productively, but the fact is, we don’t need them,” Martin explains. “They said, ‘If you don’t bail us out, there won’t be jobs.’ But their aim isn’t to ... Read more

The Real ‘Real’ GDP

The Real ‘Real’ GDP
This past Friday, May 30, 2014, the US government released its revised estimates for the first quarter 2014 US Gross Domestic Product. The initial April estimate of GDP for the first quarter showed the US economy stagnating, at only a 0.1% growth rate. Last week’s revised data showed, however, a significant further downward ... Read more