Truthout
Economy

Argentina and the Emerging Market Crisis
James Henry: Facing a surging public deficit, Argentina has devalued its currency in response to the Fed's tapering of quantitative easing and China's slowed purchasing of imports.

|
The Political Underbelly of the Pensions Crisis: What Broke the System, and How Do We Fix It?
Since the beginning of the Great Recession, policymakers and reporters have spoken of a growing crisis in public pensions.

Without any Grassroots, This Austerity Group Withered: The American People Know a Fake When They See It.
The austerity mania that plagued our political system for four years is finally subsiding.

|
Ukraine: “Go West, Young Man” (or Dr. Strangelove’s Revenge)
In Ukraine, the US deep state and its accomplices promote civil warfare and concentrate wealth to channel it to London, New York and other financial centers.

Truth Is Overrated
Lies are sexy and mysterious. Lies illustrate our deepest innovation. Lies make for our most historic moments. Lies are great for business. And above all, lies validate the yawn …

|
The Poisons of Extreme Wealth and InequalityÂ
Excess wealth, widespread poverty, and inequality are all poisonous to our nation. These poisons threaten our economy, our democratic process, academic integrity, our justice system and our culture.

Economic Update: Capitalism and Its Costs
Richard D. Wolff gives an economic update on Delta Airlines changes; US millionaires in office; irrational student debt; Rupert Murdoch's wealth; and more.

Rich People Save, Poor People Don’t
While saving money is recommended for financial stability, doing so has become more difficult for the working class as the divide between rich and poor deepens

Richard Wolff: Enterprise Structure Is Key to the Shape of a Post-Capitalist Future
Richard Wolff discusses his conviction that making the transition from capitalism to socialism requires a deliberate critique of workplace organization.

The Next Obama Budget: The Chained CPI and the “Era of Austerity“
There are two debates underway about President Obama's upcoming budget: One involves the President's proclamation that this budget will signal the “end of austerity,” while the other involves the …