Articles in Economics

The Wall Street Journal Makes The Case For Expropriating Billionaires

The paper says redistributing the wealth of the 735 richest people would “only” give every single person $14,000. But that would be amazing.


The Incalculable Harms Imposed by Debt

Asking about the “cost” of student debt cancellation is misleading. Debt is more than just an amount in dollars; it’s experienced by people. Those living with debt suffer emotionally and physically, making the cost of not canceling crushing debt much higher than we can calculate.


Trillions and Trillions: The Selective Blindness on Endless Economic Growth

Despite conservative rhetoric, we actually can afford nice things that benefit the public.


The American Nightmare Mall

The promise of New Jersey’s American Dream Mall had occupied my childhood imagination. What I found there one snowy day in 2021 was nothing but an American nightmare.


The IMF’s Bottomless Bottom-Line Cruelty

How the IMF & the World Bank—in the name of progress—succeed in keeping poor countries poor.


How the State Created Fast Food

Because of consistent government intervention in the industry, we might call fast food the quintessential cuisine of global capitalism.


Of Towers and Toilets: A Tale of Two Developments

Developments in Florida and Illinois show how land is valued only as capital. What if we thought of land use differently?


Who Actually Owns Corporations, Anyway?

It’s time to clear up one of the most enduring—and insidious—neoliberal myths about corporations. Shareholders don’t own corporations. Corporations are unowned sovereign entities, just like people. And that should terrify us.


The Age of Imperialism is Not Over—But We Can End It

Capitalist accumulation has always depended on cheap labor and resources extracted from the Global South. To end this violence we need a post-capitalist transition—otherwise, as climate breakdown accelerates, the ceaseless search for profit will drive us further into barbarism.


How Serious Is The Inflation Situation?

Current Affairs economist-in-residence Rob Larson offers a primer on rising prices and an assessment of conservative inflation panic.


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