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A few notable cases of how the market has failed us
Jack Rasmus
Dr. Jack Rasmus, Ph.D Political Economy, teaches economics at St. Mary’s College in California. He is the author and producer of the various nonfiction and fictional workers, including the books The Scourge of Neoliberalism: US Economic Policy From Reagan to Bush, Clarity Press, October 2019. Jack is the host of the weekly radio show, Alternative Visions, on the Progressive Radio Network, and a journalist writing on economic, political and labor issues for various magazines, including European Financial Review, World Financial Review, World Review of Political Economy, ‘Z‘ magazine, and others.
Trump is a ‘true believer’ that the market solves everything and immediately. Just wave the magic market wand and it will appear
Why It Won’t Be Enough
They fear economic collapse and their loss of incomes more than the virus and its destruction of American lives
It is important to understand how the now three great economic crises of the last century are in many ways similar
During World War II the US lost about 500,000. The enemies were afar, offshore. Today the Coronavirus is projected to eventually kill…
The Coronavirus has been wrecking the US and global economies. While focus has been on addressing the biological devastation wrought by the…
Under Trump, tax policy and Trump monetary policy have been in the service of the stock markets ever since he came into office
Will the financial asset markets deflation soon spill over to the credit system (especially corporate bonds) and accelerate the decline of real economies worldwide in turn?
Average working class folks cannot afford to voluntary quarantine themselves. Or to stay home from work for any reason. Even if they have symptoms. They will continue going to work. They have to, in order to economically survive