Tag Archives: Economics

Employment Crisis : Inequality and the Global South

How it impacts workers:Transformation in the Global South The end product… has been increasing global inequality in wealth and income and the continuation of massive poverty, powerlessness, and precariousness. By Harry Targ (with David Cormier) / The Rag Blog / … Continue reading

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Harry Targ : The Theory of Bagel Capitalism

Political theory and the tower of bagel. Image from Neurotopia.Bagels and the theory of capitalist development I think Marx had a pretty good analysis of how capitalism works but even I recognize that his theory did not adequately come to … Continue reading

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Harry Targ : How the Ruling Class Rules

Image from La Revue Gauche.The new class society:How does the ruling class rule? By Harry Targ / The Rag Blog / February 23, 2010 The substructure In an effort to teach and reflect more systematically about class rule in the … Continue reading

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BOOKS / ‘The New Class Society : Goodbye American Dream?’

New Class Society:Making class analysis relevant By Harry Targ / The Rag Blog / February 12, 2010 I am using a text by Robert Perrucci and Earl Wysong called New Class Society: Goodbye American Dream? (Rowman and Littlefield, 2008) in … Continue reading

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‘Trickle Down’ Folly : Cutting Taxes Doesn’t Create Jobs

The “trickle down” theory: how it works.How NOT to create jobs:Cut business taxes and lower wages? Money does not trickle down in a capitalist economy — it flows upward, and that has always been true. By Ted McLaughlin / The … Continue reading

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Dark Ages Redux : Trickle Down Feudalism

Doge Enrico Dandolo preaching the Crusade. Gustave Doré (1832-1883) / Wikimedia Commons.The reincarnation of the Dark Ages:White evangelicals are the new Crusaders In place of mote-defended castles surrounded by thatched-roof shanties will be ‘gated communities’ (sporting high-tech surveillance to keep … Continue reading

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Fixing the Economy? Like Filling a Leaky Bucket

“Old tin bucket.” Photo by {JO} / Flickr.Bucket’s got a hole in it:Can we revive the U.S. economy? By Roger Baker / The Rag Blog / December 13, 2009 Is trying to fix the U.S. economy like trying to fill … Continue reading

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Economy and Unemployment : Real Recovery a Long Shot

Photo from OOlaah.comReal unemployment nears depression levels;Sustained recovery appears unlikely By Roger Baker / The Rag Blog / December 6, 2009 It should come as no big surprise that our economy is in worse shape than the U.S. government would … Continue reading

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Understanding our Economic Fix : The Crippled Financial System

Cartoon by Manny Francisco / Manila Times / Black Commentator.The product of neocon economics:Our badly damaged financial system By Sherman DeBrosse / The Rag Blog / December 5, 2009 The Democrats could lose between 20 and 35 House seats in … Continue reading

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Roger Baker : Can the Economy Recover?

Cartoon from Talking Union.Can the economy recover?And, for that matter, should it? By Roger Baker / The Rag Blog / December 4, 2009 [Steven Chu, U.S. Secretary of Energy] was my boss. He knows all about peak oil, but he … Continue reading

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Minsinformation and the Economy : The Games Republicans Play

The independents are jumping ship…Republican misinformation and economic realityBy Sherman DeBrosse / The Rag Blog / November 18, 2009 By persistent obstructionism and using endless false information, the GOP pulled off some big wins in the 2009 elections. Worse still, … Continue reading

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BBC Poll on Capitalism : Where’s the Love?

Global survey on free market capitalism:Majority say fix it or ditch it By James Robbins / November 9, 2009 Twenty years after the fall of the Berlin Wall, a new BBC poll has found widespread dissatisfaction with free-market capitalism. In … Continue reading

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