Opinion: A progressive one-two punch to fix the U.S. economy
Sen. Elizabeth Warren at her campaign headquarters in Dorchester, Mass., in October.
This abysmal record isn’t an accident, the report shows. It isn’t because of inexorable forces such as globalization, technology or the “invisible hand" of the market. It is because the rich and the big corporations have organized government power to rig the rules of the economy to benefit themselves. They evangelized market fundamentalism, the illusion that markets are self-correcting and efficiently serve the public interest, while governments are ineffective and wasteful.
To change course will require a new, progressive one-two punch of initiatives that curb the power of big corporations and serve the public interest. In the first category: progressive taxes, revived antitrust laws, reforms to corporate governance rules to curb chief executive and shareholder excesses, financial regulation, and empowering workers to organize and bargain collectively.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why the Longest U.S. Bull Market Has Failed to Fix the Nation’s Public PensionsRobust gains from the longest bull market in U.S. history have failed to solve the deep-seated problems of the nation’s public pensions. We explain why.
Read more »
Opinion | Trump has one big advantage heading into 2020. Here’s a progressive response to it.The president still has high economic approval. A major new report offers Democrats an argument.
Read more »
U.S. EPA to revise proposed freeze of vehicle fuel economy rulesThe head of the U.S. Environmental Protection Agency said on Thursday the agency...
Read more »
Japan and U.S. hold 'frank and good' trade talks: economy ministerConfirmed with U.S. trade talks to be based on September statement: Japan economy minister
Read more »
Boeing CEO says two thirds of MAX customers have seen software fixBoeing Co's chief executive said on Thursday that about two-thirds of the p...
Read more »
Opinion | The U.S. must stand up to Erdogan and his politically motivated detentionsSerkan Golge’s wrongful imprisonment at the hands of the Turkish government cannot stand. Turkish police have also used false terrorism charges to detain three longtime Turkish employees of U.S. consulates.
Read more »
On Tax Day, here’s a tale of two returns — one nasty and one niceTax-return stories this year go from ‘great expectations’ to ‘bleak house.’
Read more »
Opinion | Bernie Sanders’s Medicare-for-all advocates what the U.S. already does indirectlyOpinion: Bernie Sanders’s Medicare-for-all advocates what the U.S. already does indirectly
Read more »