Truthout
Economy
Britain’s Economic Unraveling May Be Boris Johnson’s Real Legacy
The combination of Brexit, the aftereffects of COVID-19 and the war in Ukraine has left the British economy weak.
Sanders Rebukes Senate for Crafting $50 Billion “Handout” to Microchip Industry
“I guess when you’re giving corporate welfare to big and powerful interests, the deficit no longer matters,” he said.
Hiking Interest Rates Protects Financial Assets of the 1% at Workers’ Expense
The Fed doesn't need to hurt workers to curb inflation -- there are alternatives, says economist Gerald Epstein.
Second-Richest Man Jeff Bezos Defends Oil Industry Price-Gouging
Prices at the pump have bolstered the call by progressives for a windfall profits tax, which Bezos would oppose.
Sanders Calls for Windfall Tax to Defend Economy Against Corporate Greed
The demand for the popular proposal comes as Biden's call for a federal gas tax holiday faces growing pushback.
Corporate Profits Soared to Highest Levels in 7 Decades Last Year
Experts call for a tax on excess corporate profits as a tool to rein in sky-high inflation.
Many Nations Have Used COVID to Impose the Tyranny of Transnational Capital
The “new normal” rammed during the pandemic involves increasingly obscene power held by transnational corporations.
Federal Reserve Puts Burden of Curbing Inflation on Global Working Class
The Fed's plan to raise interest rates could increase unemployment and set the stage for lowering wages.
Progressive Economists Say Interest Rate Hikes Are Wrong Approach to Inflation
The Federal Reserve's recent moves risk causing a recession and imposing more pain on vulnerable workers, critics warn.
Poll Shows Confronting Corporate Greed Is Biden’s Best Anti-Inflation Message
Voters are particularly responsive to messaging that connects price hikes to profiteering by big business.