Dr. Gerald Epstein is Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst. Among his many excellent works he and Juan Antonio Montecino calculated the costs to the United States economy of its financial sector across three categories: rents and excess profits; misallocation; and the crisis costs of 2008. Gerald believes that the number he arrives at, an excess cost of $22.3 trillion between 1990 and 2023, is likely to be a modest underestimation because the costs of the financial crisis may be much greater and the numbers do not involve lost tax revenues from various financial innovations.
Anthony Barnett discusses his new book, The Lure of Greatness, Part 1 – LabourTube
Paul Mason, Dr Faiza Shaheen, Anthony Barnett and Dr Johnna Montgomerie discuss whether radical social democracy offers a way out of the crisis of neoliberalism, and what that means for future economic policy. […]
In edition 70 of the Taxcast we look at the booming business of passports and residency for sale, and why it should worry us all. Also: even the IMF now advocates wealth taxes to combat […]