From The Washington Post’s Monkey Cage: “I provide evidence for another. Paradoxically, high economic growth and the high national income it—ultimately—causes have counterposed effects: the first entrenches the dictator, while the second undermines the dictatorship. Vigorous growth—which boosts household incomes and government revenues—enhances the incumbent’s survival odds. Thus, dictators have a personal interest in growth. […]
The debate over who lost Detroit and how to fix it rages on while Politico reports in “Break-up-the-big-banks fever hits the states” that legislators from “at least 18 states have introduced resolutions this year calling on Congress to split up banking giants by putting back in place a wall between commercial banking, taking deposits and […]
New York, NY – The City University of New York School of Law’s Community Economic Development (CED) Clinic has launched a new partnership with the Mondragon Cooperatives, the largest worker-owned cooperative in the world. Under the new partnership, the CED Clinic, in collaboration with Pennsylvania-based Regional Housing Legal Services, will help launch the Pittsburgh Clean […]
How Government Encourages Broad-Based Inclusive Capitalism By David Madland and Karla Walter American companies use a variety of financial incentives, from broad-based profit sharing and stock options to worker cooperatives and employee stock ownership plans, to reward their employees with a portion of the wealth those workers help generate. This kind of compensation goes well […]
by Georgia Kelly Riding from the Bilbao Airport to the small town of Mondragón, one is struck by the sheer beauty of the forested hills and verdant valleys in Spain’s Basque Country. The roads are as smooth as if they were paved yesterday, and there is nothing in this bucolic landscape to suggest anything is […]
“Think about it this way. We’re killing people in foreign lands in order to extract 200-million-year-old sunlight. Then we burn it . . . in order to boil water to create steam to drive a turbine to generate electricity. We frack our own backyards and pollute our rivers, or we blow up our mountaintops just […]
By David A. Stockman The Dow Jones and Standard & Poor’s 500 indexes reached record highs on Thursday, having completely erased the losses since the stock market’s last peak, in 2007. But instead of cheering, we should be very afraid. Over the last 13 years, the stock market has twice crashed and touched off a […]
by William H. Simon UCLA Law Review, 38 UCLA L. Rev. 1335, August, 1991 Copyright 1991 by the Regents of the University of California; William H. Simon INTRODUCTION Economic democracy is the idea that the norms of equality and participation that classical liberalism confines to a narrowly defined sphere of government should apply to the […]
by Joe Guinan Democratic wealth-holding can give social democracy a new set of economic institutions and political power bases. Social democracy at a crossroads Historians joke that, no matter what the period, the middle class is always rising. In the same vein, social democracy seems perpetually at a crossroads. This may not be surprising, given […]
“In this nation I see tens of millions of its citizens—a substantial part of its whole population—who at this very moment are denied the greater part of what the very lowest standards of today call the necessities of life. I see millions of families trying to live on incomes so meager that the pall of […]