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Sunday, May 27, 2018

Book Excerpt: Can Democracy Survive Global Capitalism?

In Can Democracy Survive Global Capitalism (W.W. Norton, 2018), Robert Kuttner refreshes the great tradition of political economy to examine the upheavals of our era. From worsening inequality and the domination of global finance to the rise of fascist movements masquerading as populism, he reveals how the U.S, economy went wrong and why bad policy threatens democracy both here and abroad.  The following is excerpted from the preface:

A quarter century ago in the glow of post-communist triumphalism, many were predicting that globalization would link democracy with capitalism in a splendid convergence. Instead, we are witnessing a primitive backlash against both the global market and liberal democracy.…

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#EndorseThis: Bernie Burns Trump For Reneging On Every Bipartisan Promise

Today’s clip is not devoid of pabulum. Before the end, Jake Tapper and 2016 Presidential candidate Bernie Sanders hit all of the usual notes. A new book is hyped. Tapper asks if he’ll run for POTUS again in 2020, and the politician doesn’t give a straight answer. Surprising!

But the first half of the interview is more interesting. Bernie runs down a list of President Trump’s campaign promises on popular bipartisan issues. Infrastructure? Passed by in favor of military spending. New and improved health care? Haw. Tax cuts aimed at the middle class? Hardly. If you count Trump’s stand-down proposal on prescription drug prices, it marks the administration 0-4 in keeping its word on issues Americans agree on.…

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Carson’s HUD Will Triple Rents On Low-Income Households

Reprinted with permission from Shareblue.com

 

Housing and Urban Development (HUD) Secretary Ben Carson is set to unveil a plan on Wednesday that will triple the amount low-income households are expected to pay for rent.

Carson’s proposal is also expected to add work requirements for everyone who receives federal housing subsidies, according to the Washington Post. The latest figures show that about 75 percent of those receiving housing assistance are either working or recently worked.

The proposed overhaul, which is the latest move by the Trump administration to crack down on federal assistance for the poor, will affect an estimated 4.5 million American families who rely on housing assistance.…

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