With the introduction of iPhone 5, Apple Inc. is now the world’s richest company, valued at over $625 billion. Given its momentum, the firm in another year or so could be worth a trillion dollars. It is more than just…
Author Archive for jeff.faux
Education Profiteering; Wall Street’s Next Big Thing?
by jeff.faux •
The end of the Chicago teachers’ strike was but a temporary regional truce in the civil war that plagues the nation’s public schools. There is no end in sight, in part because — as often happens in wartime — the…
Barry Commoner and the Dream of a Liberal Third Party
by jeff.faux •
Barry Commoner died on September 30 at the age of 95. The New York Times called him “a founder of modern ecology and one of its most provocative thinkers and mobilizers in making environmentalism a people’s cause.” Among many accomplishments,…
Big Dollar, Little Democracy (review of Republic Lost: How Money Corrupts Congress – and a Plan to Stop it, by Lawrence Lessig))
by jeff.faux •
Money talks.. It is also a conversation stopper. Almost any discussion among progressives of what is really needed to solve the nation’s multiple crises typically ends in despair when someone says, “But they will not accept that,” they being…
In The Twilight of Empire
by jeff.faux •
Historians who look back to our time will surely conclude that our problem was not that we didn’t know where we were headed, it was that we didn’t act on what we knew. Before the financial crash of 2008-2009 and…
Paul Ryan’s Wink
by jeff.faux •
Many Democrats turned away from the Republican convention both incredulous and optimistic. As one put it: “How do these guys think they can win with a such an out-of-touch hard right platform?” The answer is, they don’t. History tells us…
Servant Economy: Interview with Diane Rehm, NPR
by jeff.faux •
MS. DIANE REHM Thanks for joining us. I’m Diane Rehm. The middle class, as we have known it, is on the way out. That’s according to Jeff Faux, founding president at the Economic Policy Institute. In the new book, he…
Servant Economy: Interview at AFL-CIO
by jeff.faux •
Jeff Faux, Distinguished Fellow at the Economic Policy Institute (EPI), joined us here today at the AFL-CIO to discuss his new book, The Servant Economy: Where America’s Elite is Sending the Middle Class. The event launches the AFL-CIO summer book series, which includes discussions with noted economists who will…
The Elites Are Unanimous: Lower Everyone’s Wages and Standard of Living
by jeff.faux •
Calls for a bipartisan “Grand Bargain” on taxes and spending for the next decade ring out daily, if not hourly, from the politicians and pundits who dominate our political media. But the national discourse is silent on the tacit agreement…
The Hunger Games Economy
by jeff.faux •
In the eyes of most of the world and in our own, to be an American is to be an optimist—entrepreneurial, positive-thinking, and future-oriented. It is not surprising, then, that our politics has not come to grips with the question…