Economy

Brown sign reading

The IRS Finally Takes the Gloves Off The IRS Finally Takes the Gloves Off

Under the Biden administration, wealthy tax cheats can no longer count on getting the “audit lite” treatment.

Mar 1, 2024 / David Cay Johnston

Lockheed F-35 Jet Australia

Military Spending Isn’t the Economic Galvanizer You Think it Is Military Spending Isn’t the Economic Galvanizer You Think it Is

The opportunity costs of throwing endless trillions of dollars at the military means far less is invested in other crucial American needs

Feb 29, 2024 / William D. Hartung

A demonstration in 1993 against NAFTA in Austin, Texas.

After 30 Years of NAFTA, the Working Classes Are Still Losing After 30 Years of NAFTA, the Working Classes Are Still Losing

The promise of free trade was never fulfilled. Workers are continuing to lose ground.

Feb 29, 2024 / Gerardo Otero

Marcie Pedraza pickets near an entrance to Ford's Chicago Assembly plant during UAW's stand-up strike on September 29, 2023.

The Auto Workers Who Stand With Gaza The Auto Workers Who Stand With Gaza

More than half of organized labor in the US is part of a union that has called for a permanent cease-fire in Gaza. One worker explains why.

Feb 28, 2024 / Sarah Lazare

AI Isn’t a Radical Technology

AI Isn’t a Radical Technology AI Isn’t a Radical Technology

Actually, it’s not a technology at all—regardless of what overheated predictions about Sora have to say about it.

Feb 27, 2024 / R.H. Lossin and Jason Resnikoff

Scoop Jackson holding a model plane

Biden’s Cold War Nostalgia Is Dooming His Presidency Biden’s Cold War Nostalgia Is Dooming His Presidency

Missile scares and military Keynesianism won’t win voters who want domestic reform.

Feb 26, 2024 / Jeet Heer

The Desolation of America’s Urban Schools

The Desolation of America’s Urban Schools The Desolation of America’s Urban Schools

Austerity measures have resulted in dangerous, squalid conditions for the most vulnerable students.

Feb 26, 2024 / Feature / Jonathan Kozol

An empty Panera Bread in Manteca, Calif., may not look like much, but the rise of Panera and its dismal present reveals a lot about 21st-century capitalism.

The Story of Late Capitalism as Told Through Panera Bread The Story of Late Capitalism as Told Through Panera Bread

It used to make on-site sourdough. Now, the private-equity-owned chain is better known for its (allegedly) killer lemonade.

Feb 26, 2024 / Devin Thomas O’Shea

President Joe Biden announces almost $5 billion for 37 transportation projects across the US.

Why the Public Is Negative on the Economy Why the Public Is Negative on the Economy

The economic picture under Biden actually looks great—but he’s polling poorly anyway.

Feb 21, 2024 / Dean Baker

Grand Ethiopian Renaissance Dam

Hydropower Won’t Stop the Climate Crisis—It Might Make It Worse Hydropower Won’t Stop the Climate Crisis—It Might Make It Worse

The dispute over Ethiopia’s enormous dam should be a warning of what the future holds on a hotter, drier planet.

Feb 21, 2024 / Joshua Frank

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