BY PHILIP KOTLER The US has been downgraded in The Economist’s Democracy Index. It is now in the “flawed democracy” category. What is most disturbing is the President Trump’s attack on the idea of America. America is an idea, not simply a country. This is not an accident. What we see with Trump is a systematic targeting of all the institutions and … Continue reading The ‘Terrorist’ in the White House
FLYNT L. LEVERETT, Pennsylvania State University and ROBERT SPRINKLE, University of Maryland Chinese President Xi Jinping’s appearance at last week’s World Economic Forum shows global leadership is shifting, not drifting, toward Beijing. The most vigorous defense of globalization and multilateral cooperation was mounted not by an American statesman, but by the president of the People’s … Continue reading China steps up as US steps back from global leadership
BY JOANNE BERNSTEIN “May none but honest and wise men ever rule under this roof.” —President John Adams, upon moving into the new White House. All of us who are passionate about the arts are repelled by our new administration’s promise to eliminate the NEA, the NEH, and government funding for PBS. We know that cutting … Continue reading The Real Value of Government Support for the Arts in the U.S.
BY PHILIP KOTLER & CHRISTIAN SARKAR – As President-Elect Trump and his “Corporate Cabinet” take over Washington – the American public will witness radical changes taking place in our institutions, policies, and regulations. These changes might undermine America’s position as the world’s leader over the past century. The billionaires and generals who make up Trump’s cabinet bring … Continue reading Are We Kissing Democracy Goodbye?
BY RALPH NADER – Even for a failed gambling czar, Donald Trump has been surprisingly quick to show his hand as he sets the course of his forthcoming presidency. With a reactionary fervor, he is bursting backwards into the future. He has accomplished this feat through the first wave of nominations to his Cabinet and … Continue reading Trump Trumpets His Real Plans
By ROBERT WEISSMAN “Trump has converted the GOP into a populist working-class party,” Trump advisor and far-right economist Stephen Moore told Republican members of Congress at a caucus meeting. Well, advisor Moore, meet the Trump transition team. The leader of the would-be populist working-class party has invited rogues’ gallery of insiders—corporate lawyers, investment fund managers, … Continue reading What Populism? Trump’s America Is Party Time for the Corporate Elite
Philip Kotler’s upcoming book – Democracy in Decline: Rebuilding its Future describes 14 symptoms of a sick democracy: #1. Voter Literacy & Turnout #2. Quality of Political Leadership #3. Exceptionalism #4. Public Trust #5. Gridlock #6. Money in Politics #7. Gerrymandering #8. Extremist Primaries #9. The President vs. Congress #10. Federal vs. State Governments #11. Supreme Court vs. … Continue reading Democracy in Decline: An Interview with Phil Kotler
Ryan J. Thomas, University of Missouri-Columbia In a 2012 column, former New York Times public editor Arthur Brisbane asked his readers if the Times should be a “truth vigilante.” Clumsily worded and unnecessarily dramatic, Brisbane’s question pertained to something simpler: whether Times reporters should fact-check assertions made by subjects and sources in the text of … Continue reading Why presidential debates need real-time fact-checking
BY BERNIE SANDERS in the New York Times: WALL STREET is still out of control. Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it was before the bailout. If any were … Continue reading Bernie Sanders: “To Rein In Wall Street, Fix the Fed”
Michael Hopkin, The Conversation As French foreign minister Laurent Fabius brought his gavel down on the most ambitious climate deal ever struck, at 7:27pm on Saturday December 12, 2015, applause broke out throughout the sprawling conference centre in Le Bourget. It spread even into the cavernous media centre that played host to an estimated 3,700 … Continue reading Beyond Paris: what was really achieved at the COP21 climate summit, and what next?
The Econ4 network of teachers, professors, practitioners, students and others are working to shift how economics is understood, taught and practiced. We’re now launching a video contest to crowdsource as many short, 3 minute videos about “Greed” as possible. We will distribute many of these across our network and beyond. The contest is patterned after the … Continue reading CALL FOR ENTRIES: Greed! A Video Contest from Econ4
Richard Gunther, Ohio State University On November 3, Ohio voters approved by a margin of 71% to 29% a constitutional amendment that will greatly reduce, or even eliminate, the gerrymandering of state legislative districts beginning in 2021. Ratification of Issue 1 by the voters followed its approval by bipartisan votes of 28-1 in the Ohio … Continue reading Ohio strikes blow against gerrymandering
Corpocracy is the absurd reality of our society in which corporations and their interests are allowed to have dominance over the economic and political systems. Through the subversive imagination, the artist works toward a transformation of social consciousness. WATCH: The show features 13 artists including, Beehive Design Collective, Michael D’Antuono, Ron English, Clark Fox, Kenneth … Continue reading VIDEO: Corpocracy – at the Station Museum of Contemporary Art
by Jon Queally, staff writer – CommonDreams.org An independent investigation by journalists featured in the New York Times on Sunday offers an in-depth look at the way American corporations have used the inclusion of “arbitration clauses” within consumer contracts to strategically circumvent judicial review of their behavior and immunize themselves from class action lawsuits –”realistically the only tool citizens have to fight … Continue reading Corporate America’s Plan to ‘Misbehave Without Reproach
This course is an economic history of what happened to ordinary American people and families from about 1930 to 2010. From the late 1940s to about 1980 ordinary people and families in the United States enjoyed a tremendous increase in their prosperity and quality of life, especially when compared with the conditions that existed during … Continue reading Free Online Class: “The Creation and Destruction of the Great American Middle Class (1930-2010)” with Professor Stanley Stasch
We’ve just begun a partnership with Huffington Post – and we invite you to join us. It’s worth repeating why we’re doing this: Capitalism must evolve to serve the needs of all citizens, not just the very affluent. Our goal is to discuss the 14 Shortcomings of Capitalism and systematically analyze the problems and potential solutions. … Continue reading Our Partnership with Huffington Post – Join Us!
In April 2015, Capital Institute released Regenerative Capitalism (by John Fullerton) at an event hosted by Yale University. John Fullerton is the founder and president of Capital Institute, “a collaborative working to explore and effect the economic transition to a more just, regenerative, and thus sustainable way of living on this earth through the transformation of finance.” Through the … Continue reading REPORT: Regenerative Capitalism
Many a bitter fight is waged over tax policy. How high should sales taxes go? How should we tax personal income? What deductions should be allowed? Should all income regardless of the source be treated the same? Most countries have a similar list of income classes: the poor, the working class, the middle class, the … Continue reading A Note on Progressive Taxation of Personal Income