U.S. Economy

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Connexions Library

The ABCs of the Economic Crisis: What Working People Need to Know
Magdoff, Fred; Yates, Michael D.
Book
2009
Rich, powerful people created the economic crisis of 2008-09, while hundreds of millions of working people suffer the consequences -- lost homes, lost jobs, rising insecurity, and falling living stand...
America in Decline
Chomsky, Noam
Article
2011
The American Deep State: Wall Street, Big Oil, and the Attack on U.S. Democracy
Dale Scott, Peter
Book
2014
Scott makes a compelling case for a hidden "deep state," a second order of government behind the public or constitutional state, that influences and often opposes official U.S. policies.
The American Economy: Crisis and Policy
Mattick, Paul
Article
1971
Since capitalist economic policy must make no mention of the exploitation relations underlying the capitalist mode of production, economists and politicians must seek 'solutions' to economic problems ...
Austerity and U.S. Decline: Against The Current vol. 153
The Editors
Article
2011
The full frontal assault on public workers and their unions in one state after another — stripping collective bargaining rights and dues checkoff, slashing wages and pensions and health benefits, abol...
The Biggest Heist in Human History
Whitney, Mike
Article
2016
The only way stimulus can work is if its put where it’s needed. And we can now say with 100 percent certainty, that the Fed’s stimulus wasn’t put where it was needed which is why it hasn’t worked.
The Budget/Deficit Deal
Finkel, David
Article
2013
Some serious ruling class intervention finally presented John Boehner an instruction he couldn't refuse: Get the Harry Reid-Mitch McConnell Senate deal to the House floor for a straight vote to reopen...
Can You Figure Out What This Chart Means?
Whitney, Mike
Article
2016
The U.S. economy is in the throes of the lousiest recovery since World War 2. The so called monetary stimulus has failed to lift the economy out of the doldrums or produce the robust recovery that th...
The Complete Works of Rosa Luxemburg, Volume I: Economic Writings 1
Luxemburg, Rosa (Edited by Peter Hudis
Book
This first volume in Rosa Luxemburg's Complete Works, entitled Economic Writings 1, contains some of Luxemburg's most important statements on the globalization of capital, wage labour, imperialism, an...
Connexions Library: USA Focus
Website
Selected articles, books, websites and other resources on the United States of America.
The Crisis Beneath the Bailout: Against The Current vol. 137
Rasmus, Jack
Article
2008
In early September, 2008 the Department of Labor reported that the U.S. economy in August had lost another 84,000 jobs. This was followed on October 2 with an announcement that officially recorded Sep...
Devastating Crisis Unfolds: Against The Current vol. 132
Brenner, Bob
Article
2008
Bob Brenner, for the ATC editors. The current crisis could well turn out to be the most devastating since the Great Depression. It manifests profound, unresolved problems in the real economy that have...
Disaster Capitalism: Making a Killing out of Catastrophe
Loewenstein, Anthony
Book
2015
Journalist Antony Loewenstein travels across Afghanistan, Pakistan, Haiti, Papua New Guinea, the United States, Britain, Greece, and Australia to witness the reality of disaster capitalism.
The End of the Regime?: Against The Current vol. 125
The Editors
Article
2006
The Permanent Detention and Torture Enabling Act of 2006 was the final obscene gesture of a dying Congressional session. (Actually, make that next-to-last: They topped it off with the billion-dollar a...
Fictitious Capital and Contracted Social Reproduction Today: China and Permanent Revolution
Goldner, Loren
Article
2012
Once gain, as in 1914, capital requires, in order to survive as capital, a vast devalorization of all existing values, however great the destruction of human beings and means of production which that ...
The Fix Is In: Washington's Planned Social Contract Destruction
Lendman, Stephen
Article
2011
New audit figures show that Bernanke's Fed gave Wall Street and European banksters at least $16.1 trillion (called emergency loans) from December 1, 2007 - July 21, 2010, besides unknown amounts earli...
FTAA, The Hydra's New Head: Against The Current vol. 90
Hart-Landsberg, Martin
Article
2001
Capitalism in many ways is like the mythical hydra of Greek legend, a gigantic serpent with multiple heads, the center one being immortal; every time an attacker chopped off one of its outer heads, tw...
How Offshoring Has Destroyed the Economy: Nobel Laureate: Globalism Has Been Ruinous for Americans
Roberts, Paul Craig
Article
2011
All of economics is predicated on the notion that resources are inexhaustible, and that the only challenge is to use them most efficiently. But if resources are not inexhaustible and cannot be replica...
Lessons of an Ambiguous Struggle: Against The Current vol. 88
Mel Rothenberg
Article
2000
The conflict around Congress' granting China Permanent Normal Trade Relations (PNTR) signals the opening of important new terrain of political struggle. With the background of the two major mass demon...
The Lies of Neoliberal Economics (or How America Became a Nation of Sharecroppers)
Hudson, Michael; Hedges, Chris
Article
2016
Michael Hudson and Chris Hedges talk about how America become a nation of 'sharecroppers'.
A Marxist History of the World part 104: 2001: 9/11, the War on Terror, and the New Imperialism
Faulkner, Neil
Article
2012
The Al-Qaida terror attacks allowed the great powers to justify new imperialist wars to safeguard the interests of global capital.
A Marxist History of the World part 105: The 2008 Crash: from bubble to black hole
Faulkner, Neil
Article
2012
The financial crisis represents the end of an era in which greed and casino-madness had been given free rein by market deregulation and rising debt.
Nearly $2 Trillion Purloined from U.S. Workers in 2009
Cypher, James M.
Article
2011
The upward redistribution has remained as hidden as possible. The forms it has taken—as bonuses, bloated salaries, elephantine stock options, padded consulting fees, outsized compensation to boards of...
A New Phase of Economic Crisis: Against The Current vol. 135
Rasmus, Jack
Article
2008
In early AprilL 2008 the general consensus was that the U.S. economy had clearly fallen into recession. A long list of key economic indicators from November 2007 through March 2008 were all flashing r...
Occupy!: Scenes from Occupied America
Taylor, Astra; Gessen, Keith (eds)
Book
2011
An unofficial record of the New York branch of the Occupy movement, Occupy! combines adrenalin-fueled first-hand accounts of the early days and weeks of Occupy Wall Street with contentious debates and...
The Post MFA Era and the Rise of China, Part 1: Against The Current vol. 125
Loong-Yu, Au
Article
2006
The Agreement on Textiles and Clothing expired in 2005, ending 30 years of a quota system under the Multi-Fibre Arrangement (MFA). Ending the Agreement signalled the World Trade Organization’s (WTO) p...
Privatizing Social Security: Who Wins?: Against The Current vol. 114
Prins, Nomi
Article
2005
Over the years, there have been numerous attempts and proposals to privatize the social security system. It was a key Republican platform item in the 2000 election. The idea was subsequently thwarte...
The Protectionist Trap: Against The Current vol. 88
Lund, Caroline
Article
2000
In July, the United Nations and some fifty large corporations came to an agreement that the companies would all respect workers' rights and protect the environment in their investments around the worl...
Racist Undercurrents in the "War on Terror": Against The Current vol. 125
Miah, Malik
Article
2006
Although it is rarely mentioned in the so-called war on terrorism, racism is an undercurrent in every action and decision taken by the Bush-Cheney government. It is a dangerous element that has long-...
A Short History of Liberal Myths and Anti-Labor Politics
Mitrani, Sam; Pearson, Chad
Article
2017
A history of how labour and working-class groups have been alienated or disserviced by the major US political parties, particularly by liberal policies which are primarily aligned with business intere...
The Socialist Register 1981: Volume 18: A Survey of Movements & Ideas
Miliband, Ralph; Saville, John (eds.)
Serial Publication (Periodical)
1981
State of the "Recovery"
Brenner, Robert; et. al
Article
2014
The editors provide an overview of current issues in American politics, such as the debate over minimum wage, Wall Street, immigration reform, the Trans Pacific Partnership and the need for economic r...
Their "Recovery" and Ours - Review: Against The Current vol. 161
Zigedy, Zoltan
Article
2012
A review of 'Obama’s Economy: Recovery for the Few' by Jack Rasmus.
This Land Is Their Land: Reports from a Divided Nation
Ehrenreich, Barbara
Book
2008
A look at the effects of corporate Americ on the general populace, pointing out the tactic of side-tracking those who would protest onto more superficial issues.
Virtual Economy's Phantom Job Gains are Based on Statistical Fraud: And More Fraud Is in the Works
Roberts, Paul Craig
Article
2014
Washington can't stop lying. Reports of job gains are more fiction than reality.
Want to Stop Trump? Take a Page From These Dockworkers, and Stop Work
Cole, Peter
Article
2017
On the day of Donald Trump's inauguration, many Americans wrung their hands. Some took to social media to express their discontent while others protested. But, perhaps, the most dramatic and important...
We Are Wisconsin
Williams, Amie
Film/Video
2012
When a Republican Governor’s bill threatens to wipe away worker rights and lock out public debate, six (extra)ordinary citizens join the growing protest at the Wisconsin State Capitol, and spend the n...
Wealth in America
Brneer, Michael
Article
2011
The greatest wealth transfer in America history goes on – into the bank accounts of the nation's 2% upper crust from the increasingly threadbare pockets of the lower 85% - to the sounds of silence.
Which Way Out for Detroit?
Feeley, Dianne
Article
2013
Feeley discusses the prevention of further home foreclosures in Detroit through a consideration of two of the most urgent issues: unemployment and evictions. These indicators reflect the poverty of th...
Whose Wipeout? Whose Bailout?: Against The Current vol. 137
The Editors
Article
2008
Is this what 1931 looks like? Years ago, we recall, two themes for popular cinema were people trapped in burning skyscrapers ("Towering Inferno") and market sharks engaged in financial manipulations ...

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