Washington Pre-Occupied

robert-reich

The biggest question in America these days is how to revive the economy. The biggest question among activists now occupying Wall Street and dozens of other cities is how to strike back against the nation’s almost unprecedented concentration of income, wealth, and political power in the top 1 percent. The two questions are related. With [...]

How Austerity Is Ushering in a Global Recession

robert-reich

Not only is the United States slouching toward a double dip, but so is Europe. New data out today show even Europe’s strongest core economies – Germany, France, and the Netherlands – slowing to a crawl. We’re on the cusp of a global recession. Policy makers be warned: Austerity is the wrong medicine. We all [...]

Washington: Real Change if not a New Consensus

In Washington last week I attended an interesting debate at the Brookings Institution between IMF chief Dominique Strauss-Kahn, ITUC General Secretary Sharan Burrow, Nobel-winning economist George Akerlof and Stephen Pursey from the ILO. A video and a summary (with transcript)  are available. The event was notable not least for DSK cuddling up to the ITUC, [...]

A Social America? Obama and the Left

Readers of this site, it can be presumed, want a social Europe. But what about a social America? Presumably we want that too. But is President Obama going to leave a legacy of a more social USA and help end the political schism between the two continents? I was lucky enough to spend three fast [...]