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Workshop on Saturday: Introduction to CPE’s Political Economy Analysis

Introduction to CPE’s Political Economy Analysis

Teachers: Zhongjin Li and David Eisnitz

Saturday June 7 2-5PM

Springfield, MA at the Pioneer Valley Central Labor Council at 640 Page Boulevard

Today’s economic crisis raises profound questions about the nature of the dominant
economic model — free-market capitalism. The struggle for a new world requires many
things, and one of them is an understanding of the current economic system. This
participatory workshop serves as an introduction to CPE’s approach to political economy. We
will provide tools for analyzing the structure and dynamics of the U.S. capitalist system, and
explore the various ways the pursuit of profit contributes to economic instabilities, inequality,
and ecological destruction. We will also identify changes in the dominant economic
ideologies and forms of capitalism in 20th century U.S. history, making connections with our
own histories and with other major social movements.

To register for this event, and for more information, click here.

 

The Pay’s The Thing: How America’s CEO’s Are Getting Rich Off Of Taxpayers

By Susan Holmberg

It’s proxy season again, and we will soon be deluged with news profiles of CEOs living in high style as our ongoing debate on CEO pay ramps up. The floodgates opened on April 12th, when the New York Times released its annual survey of the 100 top-earning CEOs. Lawrence Ellison from Oracle Corporation led the list again with over $78 million in mostly stock options and valued perks, an 18 percent drop in pay from last year. Poor Larry. Read more

Can The Federal Reserve Chair Take On Wall Street?

By Danish Khan

YellenStiglitz

The recent speech by the new Chair of the Federal Reserve, Janet Yellen, was remarkable in multiple ways. First of all, Ms. Yellen acknowledged that working people are still suffering from the recent economic crisis and the recovery is at best incomplete. She also gave a precise number of the unemployment rate that can be sustained while maintaining a stable inflation rate, and in her estimates that number is around 5.2 percent to 5.6 percent. This number is simply too high, it should not be more than 4.0 percent. In simple terms, by accepting 5.2 percent to 5.6 percent, she is saying that if the number of unemployed people gets down to 8 million people out of the 155 million who are in the labor force, then the Federal Reserve will have achieved its ultimate target. I think the Madame Chair should be reminded that the primary task assigned to the Federal Reserve, as far back as the 1940’s, is to achieve full employment. Read more

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