As workers, as consumers, and as citizens, Americans are increasingly powerless in today’s economy. A 40-year assault on antitrust and competition policy—the laws and regulations meant to guard against the concentration of power in private hands—has tipped the economy in favor of powerful corporations and their shareholders. Under the false assumption that the unencumbered ambitions

10 Ideas 2018

Roosevelters all across the country are rising to the challenges of today and building their own rulebook, so that government can be reflective of and responsive to the people it’s meant to serve. Our current political and social reality is profoundly different than ones that existed in previous iterations of this journal, but despite that,

The George Washington University (GW) has a student health insurance problem. Annual insurance premiums for the university-sponsored student health insurance plan (SHIP) reached a five-year high of $4,103 for the 2017-18 policy year. This cost is exorbitantly high in comparison to similar plans offered by many other universities, discouraging students from enrolling in the school’s

The ability of workers to bargain for a greater share of a firm’s corporate profits has eroded over decades, and one of the growing drivers of this reality is the financialization of the corporate sector. Corporate financialization can be summed up as two behaviors: firms (like Walmart or Pfizer) increasingly earning profits from financial activity

Despite record corporate profits and high stock prices, most Americans have not shared in the post-recession recovery. In a new Roosevelt Institute report, Fellows Mike Konczal and J.W. Mason discuss how the Great Recession changed the way the Federal Reserve (the Fed) uses macroeconomic monetary policy—a set of rules influencing the supply of credit and

Fighting Short-Termism With Worker Power asks, “Can Germany’s co-determination system fix American corporate governance?” Prioritizing immediate increases in share price and payouts at the expense of long-term business investment and growth—a behavior we refer to as short-termism—has driven the inequality crisis in America and weakened our economy. By comparing the German stakeholder system of co-determination

High-speed internet has become essential to full participation in today’s economy and is increasingly considered the “fourth utility,” joining the more commonly recognized vital goods: water, electricity, and heat. From applying for jobs to doing homework, access to fast, reliable internet is crucial to making the most of opportunities in today’s world. Based on the

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How would a massive federal spending program like a universal basic income (UBI) affect the macroeconomy? We use the Levy Institute macroeconometric model to estimate the impact of three versions of such an unconditional cash assistance program over an eight-year time horizon. Overall, we find that the economy can not only withstand large increases in

Today’s dominant story, told by the Federal Reserve, the media, and many prominent economists, is that the economy has recovered from the recession and is growing about as fast as it can without overheating. This outlook has led the Fed to increase interest rates four times since December 2015, ending the historically low rates it

Our debate about what is possible in U.S. policy is severely constrained by the assumption that our public resources are scarce and already overspent, meaning we are not capable of the large-scale social investments needed to provide every American with income security and a dignified life. This assumption is misguided and false. Implementing tax policies