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.
Geopolitics
Craig Mokhiber – “It’s not complex, it’s genocide”
‘Israel operates under a climate of absolute impunity,’ says Craig Mokhiber, former top UN official. Since the start of Israel’s war on Gaza the United Nations has been under pressure. More than 85 percent of […]
EU politics
New Economics Foundation – The rise of the data oligarchs
There are troubling signs that the new data-driven economy is inheriting all the same problems as the old one: power imbalances, monopolies and a lack of accountability. Listen here
Austerity
Tax Justice Network – Taxcast November 2018
In the November 2018 Tax Justice Network monthly podcast/radio show, the Taxcast: we look at how governments can better protect, encourage and even incentivise whistleblowers. what do the latest Brexit developments tell us about dark […]
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