In a report released earlier this week, Roosevelt Fellow Todd Tucker explains what industrial policy is and how we can do it better. Notably, he argues that—despite the common but mistaken assumption that the US does not use industrial policy—ad hoc and exclusionary industrial policies have hindered the kind of robust industrial planning necessary to
Between machines and outsourcing, technological change and trade in the 21st century have impacted much of how the American economy functions. As a result, workers are not only facing renewed challenges in their day-to-day experience on the job, with algorithmic scheduling and greater management surveillance, for example; but also in their experience within the economy
Also posted at the Institute for Agriculture & Trade Policy website. The Democratic primary debate on Thursday night was probably the first time that soil management—as climate policy—was ever mentioned at a primetime presidential campaign event. It was also one of the first tangible mentions of farm policy in two nights of debates. “Carbon farming”—building
Behind the Numbers: Today’s Unemployment Numbers are Good News on the Economy … and Bad News on Economic Policy
On Friday, the Bureau of Labor Statistics (BLS) released the unemployment figures for May. As expected, the reported unemployment rate was very low—3.6 percent, the same as last month. Combined with the steady growth in employment over the past few years, this level of unemployment—not seen since the 1960s—suggests an exceptionally strong labor market by historical
Tomorrow at Walmart’s shareholders’ meeting in Bentonville, Arkansas, Walmart workers will call out America’s broken corporate governance system and propose that Walmart workers be included on its board of directors. Walmart associate Cat Davis will be joined by Senator Bernie Sanders (I-VT), who will speak on behalf of workers’ right to participate in corporate decision-making.
New Rules for the 21st Century: Corporate Power, Public Power, and the Future of the American Economy
America’s political landscape and economic thinking are shifting. The 2016 election—and the rise of powerful movements over the past decade—has shown us that Americans are calling for change. They want a diagnosis of our economy to help make sense of what’s gone wrong and to suggest ways to make things better. In New Rules for
This blog post is based off of remarks given at “Wall Street and the Next Recession: Protecting Main Street in the Next Economic Downturn,” an event co-sponsored by Americans for Financial Reform and the Center for Popular Democracy at the US Senate. One thing is certain about markets: they go up and they go down.
Vox published an excellent discussion with economist Brad Delong where he makes the argument on why left-leaning neoliberals (who “use market means to social democratic ends when they are more effective, and they often are”) should be comfortable with the “baton rightly pass[ing] to our colleagues on our left. We are still here, but it
Corporate profits are at record highs and unemployment is below 5 percent, yet 40 percent of Americans say that they would not be able to meet a $400 emergency. For too long we’ve been guided by the 50-year-old myth that fewer regulations and lower taxes on corporations and the wealthy will lead to economic growth
Rejecting the Theory of the Firm: Why the ‘Free-Market’ Economy is a Myth and How to Rebuild Public Power
Companies today are not working the way that most Americans, policymakers, or the media think that they do. To fight inequality, we need to rewrite the laws that guide corporations. We must first, however, change the way that people understand the role of the American firm in our economy and explore how we can deploy