Writing on our blog and in Real Clear Politics, my Campaign for America’s Future colleague Bill Scher dismisses Zephyr Teachout’s call for progressive primary challenges against conservative Democrats. Scher argues the left should focus instead on “gaining influence without launching a civil war,” arguing that “unlike the dynamic in the Republican Party, disagreements within the Democratic family are not debilitating.”
Scotland’s independence vote has been cast, and its citizens chose overwhelmingly to remain part of Great Britain. But this historic vote should be studied by all those who want to affect political and economic change around the world, because there are important lessons to be learned.
Two little-known rules on corporate reporting of executive pay are currently being reviewed by the Securities and Exchange Commission. While they have received almost no press coverage, these rules could have far-reaching consequences for our nation’s economy and the future of the middle class.
Our economy is broken. There’s one economy for the wealthy, and another for the rest of us. This division has been worsened by the behavior of corporate executives who manage their corporations for short-term personal gain rather than for long-term fiscal soundness.
“This is an economic revolution,” a new online video says about automation. The premise of “Humans Need Not Apply” is that human work will soon be all but obsolete. “You may think we’ve been here before, but we haven’t,” says CGP Grey, the video’s creator. “This time is different.” The video has gone viral, with nearly two million YouTube views in one week. But is it true?
The transfer of used military equipment from the armed forces to police departments around the country has been accompanied, at least to a certain extent, by a shift in public thinking. The news media have played a critical part in that shift, both in its coverage and in what it chooses not to cover.
They say that one swallow doesn’t make a summer, and one Politico story certainly doesn’t make a campaign season. But if a recent article there is correct – if the Democratic Party’s strategy this year really is “Running as a Dem (while) sounding like a Republican” – then the party may be headed for a disaster of epic but eminently predictable proportions.
Our long national nightmare is over – for the moment. Congress has adjourned for summer recess after a session that can safely be described as “historic,” both for its historic lack of accomplishment and the historically low regard in which it is now held by the public.
Walgreens is the pharmacy that, at least according to its website, can be found “at the corner of Happy & Healthy.” If its executives have their way, however, it may soon be found near the intersection of Ziegelackerstrasse and Untermattweg in Bern, Switzerland. By acquiring the much smaller Swiss company that is located near that corner, the American company can dodge millions in American taxes.
William Galston writes in the Wall Street Journal about a Republican senator’s plans to force a confrontation on government disability benefits. Though Mr. Galston doesn’t seem to see it this way, it sounds as if Sen. Orrin Hatch plans to hold benefits for disabled Americans hostage in order to force Social Security cuts on everyone.
The event we celebrate on the Fourth of July is not America’s victory over Great Britain. The British weren’t defeated until September 3, 1783. July 4, 1776 is the day the Continental Congress ratified the Declaration of Independence.
The Prime Minister of Morocco recently compared women to “lanterns” or “chandeliers,” saying that “when women went to work outside, the light went out of their homes.” His remarks, which ran counter to Morocco’s constitutionally-guaranteed rights for women, promptly provoked both street demonstrations and an “I’m not a chandelier” Twitter hashtag.
AFL-CIO President Richard Trumka characterizes his vision of a progressive and populist-oriented labor coalition, not as a modern innovation, but as a return to labor’s roots. In an in-depth interview for The Zero Hour, Trumka covered a range of topics that included the postwar heyday of the middle class, the union movement’s relationship to the left, the logic behind fighting for non-unionized workers, and the possible presidential candidacy of Sen. Elizabeth Warren.
The Board of Governors of the Federal Reserve was created to represent the economic sectors and portions of our population most directly affected by the central bank’s actions. Instead, it’s comprised almost entirely of economists and lawyers who are associated with Northeastern institutions and the Washington, D.C. political class.
There’s a vibrant debate underway that could shape the future of our economy and our society. The New Populism promises to re-energize the political conversation and could potentially restore the Democratic Party’s fortunes as well. But the Democratic Party is at risk of being sidelined from the debate, paralyzed by the Sphinx-like silence of its presumptive 2016 nominee.
Even as the Campaign for America’s Future prepares for its May 22 conference on the New Populism in Washington, attacks on populism keep coming from all directions. One of the latest salvos to be publicized comes in an anecdote about former President Bill Clinton.
Sixty years after the Supreme Court ruled in favor of school integration, a review by the Economic Policy Institute (EPI) found that “Schools remain segregated today because neighborhoods in which they are located are segregated.” EPI’s Richard Rothstein found that “raising (the educational) achievement of low-income black children requires residential integration, from which school integration can follow.”
His racism got all the headlines, but there was something to be learned from Donald Sterling’s other words. So, before the spotlight turns elsewhere and Sterling crawls back into well-deserved obscurity, it’s worth considering his usefulness as a representative sample of the oligarchical class.
Forget inequality! Judging by the White House and the media, the real answer is sucking up to the wealthiest. Inequality is a burning topic among economists, especially since the release of Thomas Piketty’s recent book on the subject. Many are questioning whether this is a temporary period of runaway inequality, or whether we are on the verge of an irreversible collapse into extremes of wealth and poverty. (What would we call it? The Oligopolypse? Plutogeddon?)
Republican Senator Rand Paul has been making a big play for millennials lately, most notably by taking his civil liberties pitch to colleges around the country. Paul has got the right idea when he says his party must “evolve, adapt or die” (although I think the first two are virtually the same thing). Katie Glueck of Politico wrote that “The Kentucky senator drew a largely friendly reception at the University of California-Berkeley as he skewered the intelligence community.”
What Koch calls “character assassination,” however, others would describe as a simple recounting of the facts. Koch and his brother David are known for injecting massive amounts of their (partially inherited) wealth into the political process, academia, and propaganda in order to promote their right-wing (and self-serving) point of view. But now that he’s brought it up: Is Charles Koch really un-American?
If progressive and populist ideas resonate with most voters, some people have asked, why isn’t the Democratic Party doing better in the polls? Here’s one reason: Some of the party’s most prominent leaders are still pushing Wall Street’s unpopular and discredited economic platform. Recent speeches by former President Bill Clinton and House Minority Whip Steny Hoyer showed that Wall Street continues to hold considerable sway in their party, despite the fact that its austerity agenda has failed. Its “deficits over growth” ideology has wounded both Europe and the United States.
Has the American left ceased to exist as a viable political force by surrendering its power to a corporatized Democratic Party? That's the argument put forward by political scientist Adolph Reed Jr., first in an essay for Harper's magazine and then in a televised follow-up interview with Bill Moyers.
President Obama signed an executive order on Wednesday, January 28 of 2014 raising the minimum wage for some federally contracted workers to $10.10. This move illustrates the fact that we need a higher minimum wage for all workers. It also promotes the bill by Sen. Tom Harkin and Rep. George Miller that would raise the minimum wage to $10.10 by 2015.
These highly privileged and highly unaware individuals have been inappropriately lionized by society.The cult of the libertarian-minded ultra-weatlhy would make an intriguing anthropological case study. But it would be a case study with a twist: its research subjects increasingly control our economy, our politics, and even our personal lives. We’re dealing with a cohort of highly fortunate, highly privileged and highly unaware individuals who have been inappropriately lionized by society. That lionization has led them to believe that their wealth and accomplishments are their own doing, rather than the fruits of collaborative effort – effort which in many cases was only made possible through government support.
What's the economic issue we should focus on - jobs, or inequality? An increasing number of people, including the President and New York's new mayor, have suggested that inequality of wealth and opportunity is the defining issue of our time. But some of the folks at the Washington Post's "WonkBlog" are having none of it. First editor Ezra Klein declared that unemployment, not inequality, should be the left's defining issue. That drew responses from the likes of Paul Krugman and Jared Bernstein (and yours truly, here).
As the Bob Dylan song says: “Things should start to get interesting right about now.” You may think they’re already interesting—what with government closings, threats of a debt default, and extremist rhetoric under the Capitol Dome—but chances are we ain’t seen nothin’ yet. In twelve weeks or so our new system of government-by-crisis will resume its regularly scheduled programming: more threats, more confrontations, and even more extreme rhetoric.
A new study says that nearly half of all American jobs may soon be performed by robots. And the White House has just announced the formation of “the Advanced Manufacturing Partnership Steering Committee ‘2.0,’” which it describes as “part of a continuing effort to maintain U.S.leadership in the emerging technologies that will create high-quality manufacturing jobs and enhance America’s global competitiveness.”
Once again our nation is contemplating an act of war, entering into one of the most solemn debates a society can have. It’s worth restating some fundamental principles as that debate begins, especially for those of us who support economic justice, progressive ideals, and the reinvigoration of American democracy.