The government isn’t to blame for the rise of Wall Street

Costas Lapavitsas is professor of economics at the School of Oriental and African Studies, University of London, and author of “Profiting Without Producing: How Finance Exploits Us All.” During 2015, he was a member of the Greek Parliament collaborating with the governing Syriza party. Financialization is an awkward word, but it captures a prominent aspect […]

What’s More American Than Inheriting a Fortune?

Donald J. Trump, as he is happy to tell anyone who will listen for five seconds, is wealthy. Although he has yet to provide the tax returns that would tell us exactly how much he’s worth, he reminds voters again and again: “I’m really rich.” He said as much when he announced his campaign. Yet […]

The State of Our Economy: What It Needs vs. What Washington Is Willing to Do

For those who closely follow financial markets, the first two weeks of 2016 have been the most fun since the financial crisis triggered by the collapse of the housing bubble. The market has lost more than 10 percent of its value since its late December peak, destroying more than $2 trillion of stock wealth. Markets […]

You Can’t Work Your Way Through College Anymore

Working to pay for college doesn’t work. Despite the fact that 40 percent of undergraduates work at least 30 hours per week while in college, tuition is too high for those hours to make much of a difference, a new report shows. Even toiling away full time probably won’t yield nearly enough to pay for a traditional college education, […]