Austerity Comes to America
by Gerald Friedman
Economists at the University of Massachusetts and elsewhere have thoroughly discredited research suggesting that cutting government spending will promote economic growth during a time of recession. Even while scholarship has exposed the fallacy of austerity economics and this news has reached wide audiences through Twitter and the Colbert Report, the United States government is embracing austerity’s policy prescriptions. While employment has barely kept up with the growth of the [...] read more >
CPE Member Thomas Herndon on the Colbert Report!
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by Anastasia Wilson
Think capitalism isn’t working? Several Massachusetts businesses agree and are doing something about it.
Real Pickles, Green River Ambrosia, and Katalyst Kombucha are fermenters of all kinds in Western Massachusetts, The Just Crust in Cambridge rises up by baking pizzas, and all of these businesses have transitioned into worker-owned cooperatives within the last few months.
A capitalist firm typically has a hierarchal structure of owners, bosses, and workers, with those on top [...] read more >