Posts in: economy

Cut to the bone

August 2017

Trump’s budget is an atrocity from town to country.

Freedom Socialist opinion — Neoliberalism is failing. Even the IMF says so!

August 2016

What the hell is going on over at the International Monetary Fund (IMF)? Have socialists or some malcontents infiltrated the place with the aim of bringing it down from the inside? Nah. It is just three research wonks who wrote a document saying that the benefits of “neoliberalism” may have been “oversold.” The IMF acts… Read more »

Venezuela in crisis

October 2016

Three years after Hugo Chávez’s death, Venezuela is in a state of social and economic breakdown. Plummeting world oil prices have gutted the coffers of successor President Nicolás Maduro’s government, which gets 95 percent of its revenue from oil. As the treasury dried up, the government subsidies people depended on have vanished – and with… Read more »

As homelessness soars in Los Angeles, politicians pretend to care

October 2016

Yes. LA has a housing and homelessness problem. No news there. And it’s probably not news that many solutions are continually rejected by politicians and developers — capitalists all! The problems are myriad. Thrust onto the cement by sky-rocketing rents, foreclosures and evictions, homeless people routinely face the indignities of life without walls, where nothing… Read more »

6 economic myths debunked: Fact-checking the conventional wisdom

December 2016

Before, during, and after this election season, there are several economic myths that the capitalist system and its two party political representatives perpetuate, manipulate, downplay and upsell to justify their existence. We are going to examine, nay, debunk, six of these myths. 1. Immigrants take away “American” jobs. Whenever the ruling class needs to stoke… Read more »

Affirmative action = class solidarity

December 2016

The election to the presidency of a man who stoked the fires of racial resentment and misogyny sparked protests by thousands in cities across the U.S. Now working people need to plan the next steps in stopping a potential right-wing dystopia. High on the list should be a drive to restore affirmative action, one of… Read more »

Freedom Socialist opinion: Off with their heads!

April 2017

So, did you hear the one about the eight richest men in the world? Unfortunately, it was no joke. Obscene and surreal as it is, they own more than half of the global population does. That’s over 3.6 billion people. This from a report that Oxfam, the international anti-poverty organization, publishes before the World Economic… Read more »

Grecia, el Triángulo Imposible

2 de julio 2015

“Esto puede fallar, pero vale la pena intentarlo porque todas las otras opciones son peores,” escribió al final de su reciente mea culpa Dominique Strauss-Khan, ex director del Fondo Monetario Internacional, en el que admite que las políticas del FMI para Grecia fracasaron y propone operar una cuantiosa reducción de la deuda pública. El hecho… Read more »