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Why is Wall St. OK with a Higher Deficit?
Robert Pollin
Robert Pollin is Distinguished Professor of Economics and Codirector of the Political Economy Research Institute at the University of Massachusetts, Amherst. He has served as a consultant on energy and the economy for a wide range of organizations and institutions, including the U.S. Department of Energy, the International Labour Organization, the United Nations Industrial Development Program (UNIDO), and numerous nongovernmental organizations. He is author of Back to Full Employment (MIT Press), also in the Boston Review series, and Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity.
While better than Trump’s climate denial, a review of the Biden climate plan reveals an over reliance on unproven carbon capture and far too limited investment in solar and wind
35 percent of the entire U.S. labor force filed unemployment claims between March and August.
The world needs a New Deal to counter levels of unemployment and inequality last seen in the Great Depression
The best way to defeat the fossil fuel companies is to bring the companies under public scrutiny and control, which should create a clear path for a relatively painless death over the next 20 years or so
With the right decisions, we have the means not only to rescue the complete collapse of the economy, but also to move in the direction of a just, equitable and sustainable socioeconomic order
Is it an insufficient social-democratic response to the present crisis, or is it, in fact, the only realistic project we have to save the planet?
If the average wage had kept up with productivity over this 44-year period, the average worker would be earning $49 an hour today
Interview on moving toward solutions
Interview on the perverse and extreme nature of the neoliberal economic landscape in the US