How did unfettered business become a bipartisan issue?

Professor Luigi Zingales explains why Democrats and Republicans are both pro-business parties, at the expense of everyone else. In the latest episode of the Pitchfork Economics podcast, we sought to explore the idea of how our national relationship with regulation has changed. At one point in American history, regulations were understood as a positive — a force for … Read moreHow did unfettered business become a bipartisan issue?

Our relationship with trade is badly broken. Can we fix it?

In order to make international trade work, we have to make sure everyone has a seat at the table. Walk to Seattle’s waterfront on any day of the year and you can witness global trade at work. Trade is arguably the biggest reason why candidate Donald Trump outperformed all expectations in traditionally Democratic states like Michigan and … Read moreOur relationship with trade is badly broken. Can we fix it?

Economics is not a science; it’s a story

What the wealth tax debate tells us about the bias of economists (Photo credit: warren.senate.gov) One of the clearest illustrations of the economic notion of a “market failure” is the market for academic economists — a market so captured by the dominant neoliberal narrative, that it has proven nearly impervious to competition from empirical facts. Take, for … Read moreEconomics is not a science; it’s a story

Angry about public safety? Blame law and order.

Angry about public safety? Blame law and order If Rudy Giuliani’s heart was physically capable of delivering blood to his face, this is what him blushing would look like. Seattle: We need a timeout. Our civic dialogue on public safety is fast approaching a level of fear mongering that would have made even the 1990s-era Rudy Giuliani … Read moreAngry about public safety? Blame law and order.

An Open Letter to the Business Leaders Who Wrote an Open Letter on the Head Tax

Exactly one year ago, CEOs and business leaders from the Seattle area signed an open letter arguing against a head tax. They said they’d work to solve the city’s housing crisis. How’s that going? See? I can put a pretty picture of Seattle on top of my open letter, too! Dear Seattle tech and business leaders: Exactly one … Read moreAn Open Letter to the Business Leaders Who Wrote an Open Letter on the Head Tax

Howard Schultz Is Waging War on Getting Anything Done

The so-called centrist presidential candidate announced today that as president he wouldn’t do anything without bipartisan support. Uh, okay? Schultz’s speech today was watched live on Facebook by literally dozens of viewers. “Nothing is free,” Howard Schultz announced early in his speech at Miami Dade College today. To emphasize his point, Schultz repeated, angrily, “nothing.” That could … Read moreHoward Schultz Is Waging War on Getting Anything Done

I Don’t Have the Luxury to Wait on Climate Change

The media is mocking Jay Inslee for making climate change a priority. Here’s why they are wrong. Screenshot from The Rachel Maddow Show, March 4th 2019 Last week, Washington Governor Jay Inslee announced his candidacy for president. He opened his campaign by defining climate change as the “one central, defining, existential-with-a-capital-E threat to the future of the … Read moreI Don’t Have the Luxury to Wait on Climate Change

Cory Booker Has a Plan to Fix Stock Buybacks

The elite shareholder class is funneling trillions of dollars away from American workers. How can we turn back this trickle-down tide? You already know that income inequality is causing many of America’s worst problems. And you probably can identify many of the tools that the trickle-down crowd uses to take money away from ordinary Americans … Read moreCory Booker Has a Plan to Fix Stock Buybacks

“No” Is Not Enough

Here’s Howard Schultz at the Moore Theatre, telling his fellow Seattleites what is not possible. So you’re running for president—great! Stop telling us what you’re against and start telling us what you’re for. In a Medium post over the weekend, Howard Schultz said the response to his independent presidential flirtation was “beyond any expectation I had.” … Read more“No” Is Not Enough

Who Fact-Checks the Fact-Checkers?

When the Washington Post’s Fact Check columnist gave three Pinocchios to Rep. Alexandria Ocasio-Cortez, he was revealing an important lesson about implicit bias. No puppet! No puppet! You’re the puppet! On Martin Luther King Jr Day, Representative Alexandria Ocasio-Cortez (hereafter AOC) discussed the American Dream in a conversation with Ta-Nehisi Coates. The full interview is fascinating and … Read moreWho Fact-Checks the Fact-Checkers?

The Fight Against $15 Is Built on Nothing

Using outdated, disproven research, Labor Secretary Alexander Acosta told the Wall Street Journal that raising wages kills jobs. Why doesn’t anyone call him out on his trickle-down BS? Labor Secretary Alexander Acosta can’t see the evidence, even when it’s right under his nose. When Democrats took control of the House of Representatives this month, one of … Read moreThe Fight Against $15 Is Built on Nothing

Think Big or Go Home

Why whiny pundits like Max Boot are missing Alexandria Ocasio-Cortez’s point On the left: Congressperson Alexandria Ocasio-Cortez. On the right: Max Boot, probably. “I feel a little guilty writing this column,” conservative Washington Post columnist and unrepentant hat-wearer Max Boot wrote yesterday, “because [New York Congressperson Alexandria Ocasio-Cortez] has already gotten more publicity than she … Read moreThink Big or Go Home