For sustainable recovery from the COVID-19 global economic shock, it’s imperative to break from policy choices that produce a concentration of economic power and wealth in a limited section of the economy but old habits, die hard warns UNCTAD’s Richard Kozul-Wright.
If there were a real fear of inflation, there wouldn’t be such an appetite for long term government debt at what amounts to a negative interest rate. Rana Foroohar and Mark Blyth on theAnalysis.news with Paul Jay.
The Biden campaign is trying to appeal to supporters of a Green New Deal and the finance sector at the same time. He’s promising an FDR style New Deal at a time when Wall St. is more powerful than ever. Thomas Ferguson joins Paul Jay on theAnalysis.news podcast.
The Federal Reserve has been subsidizing the megabanks, but what’s needed is an institution that provides the backstop, the loan guarantees, the subsidies, the lines of credit, et cetera, to support the development of a whole variety of public financial institutions. Gerald Epstein on theanalysis.news podcast with Paul Jay.