Slashing taxes for the rich won't help America, and Trump probably can't do that anyway

Joseph Stiglitz, winner of a Nobel prize in economics, describes the foolishness of enacting further tax cuts for the wealthy in America, and the structural impediments that stand in the way of Trump's pursuit of this foolish goal. Read the rest

Politics got weird because neoliberalism failed to deliver

Ian Welsh says that the USSR collapsed because its promises -- "a cornucopia and a withering away of the state" -- conspicuously failed to materialize; now, neoliberalism's promises ("If the rich have more money, they will create more jobs; Lower taxes will lead to more prosperity; Increases in housing and stock market prices will increase prosperity for everyone; Trade deals and globalization will make everyone better off") are likewise being shown to be lies, and so we're in crisis. Read the rest

Conservative economics: what's happened to the UK economy after a year of Tory rule

It's been a year since David Cameron's Tories took control of the UK Parliament with a majority that gave their free rein to govern UK, plc to their taste. Read the rest