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John Kenneth Galbraith

My Dishwasher Is What's Wrong With Capitalism

Peter Dreier | Posted 06.13.2016 | Business
Peter Dreier

Today's appliances -- like many consumer products -- are built to break. It is not a matter of consumers mistreating their products. It is designed to maximize corporate profits. This is a concept called "planned obsolescence."

Reviewing Boom Bust Boom: A Documentary

Joel Sucher | Posted 03.09.2017 | Business
Joel Sucher

Boom Bust Boom picks up on the notion that financial crashes like 2008 -- the result of an overheated housing market -- are nothing new and to prove it the film takes you on an excursion to 17th century Holland.

It's About Time, Again

Paula Gordon | Posted 08.06.2014 | Politics
Paula Gordon

For those who judge their financial interests or ideological blindness to be more reliable than evidence, American energy policy has been a success. For the rest of us, it has been clear for decades that the policy is an abject failure.

Of Marxists, Mouthpieces and Men of the Cloth

Patricia McGuire | Posted 02.08.2014 | DC
Patricia McGuire

The pope is hardly alone in criticizing trickle-down economics. David Stockman, one of the architects of Reaganomics, was no pinko commie when he expressed grave second thoughts about supply-side economics. At least Francis did not use the horse manure analogy of John Kenneth Galbraith.

An Open Letter to the One Percent

Anthony W. Orlando | Posted 01.25.2014 | Politics
Anthony W. Orlando

You worked hard for that money. No one can deny that. You have been rewarded for your talent, your intelligence, your risk-taking, your creativity, and your good fortune. The notion that you should change a system that has worked so well must seem downright stupid.

Let's Bring Back American Jobs

Harlan Green | Posted 05.12.2013 | Business
Harlan Green

It turns out taking away the voice of American employees is really taking away democracy for the majority of Americans, something that cannot be tolerated if America is to remain a prosperous democracy.

BOTH SIDES NOW: Huffington & Matalin on Mitt's Do-or-Die Debate in Denver

HuffPost Radio | Posted 09.30.2012 | Politics
HuffPost Radio

2011-11-29-20111107bothsidesnow.jpg Arianna and Mary differ on Obama's new lead and preview the first debate: Arianna thinks Romney needs to surprise us with humor and details while Mary suggests a Q for Obama.

Without Mudslinging: Is Mitt Romney Purple Enough?

Deepak Chopra | Posted 08.11.2012 | Politics
Deepak Chopra

A favorite joke circulating a few months back went like this: A liberal, a moderate, and a conservative walk into a bar. The bartender says, "Hi, Mitt."

Why Can't They Be Friends?

Stuart Muszynski | Posted 02.20.2012 | Politics
Stuart Muszynski

At this time of year, Congress, who once again didn't get their chores done, might take a cue from children who aren't messing up because they know it's better to be good and nice than to risk getting on Santa's naughty list.

Dems Must Stop Hiding Behind the Notion That Politics Is "The Art of the Possible"

John Odum | Posted 11.26.2011 | Politics
John Odum

Bismarck's famous line and the sentiment behind it sums up the steady marginalizing of anything that could be considered visionary by so many elected Democrats.

Kennedy's Blunder, or How Free Trade Turned Sour for America

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

How did America end up in its present trade pickle? In retrospect, America's decisive wrong turn was probably John F. Kennedy's Trade Expansion Act of 1962.

Jumpstarting Jobs: The Lost Lesson of the Great Depression

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

The "investment deficit" -- the rich hoarding rather than investing their money -- is the forgotten lesson of the Great Depression. To jumpstart jobs, we need to remember it.

Wall Street, DC, and the New Financial Euphoria

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

I spent last week in New York and Washington, speaking with many erstwhile Masters of the Universe and those charged with cleaning up the mess they've created. And in both cities I was stunned by how many Wall Street and political insiders were ready to break out the champagne. Forgive me if I keep the bubbly on the shelf. READ MORE Ending the War on Drugs: The Moment is Now When it comes to addressing America's disastrous war on drugs, the Obama administration is saying the right things. But when it comes to putting its rhetoric into action, the administration has faltered. Is the Obama administration really committed to a fundamental shift in America's approach to drug policy or is this about serving up a kinder, gentler drug war? READ MORE

Obama Right to Reassure Wall Street Markets With Rubinauts But Also Needs Econ Advisors Who Stand for Main Street

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

We can only hope that Obama balances the smart Rubinauts whom he has picked to lead his economic team with some equally smart pro-Main Street economic minds.

Stiglitz on War Cost, Economic Outlook

John Tepper Marlin | Posted 05.25.2011 | Business
John Tepper Marlin

conomics Nobel Laureate Joseph Stiglitz spoke Friday at a fundraiser for Economists for Peace and Security (EPS), which was created to study the "full costs of war and conflict."

A Call for National Teach-Ins on the Economy

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Most of us don't have much of a sense of how systems and institutions and economic laws and cycles operate. We expect rationality in a marketplace driven by panicky irrationality.