Hong Kong CNN — Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private industry, including the struggling tech and property sectors. The new pledge marks a big shift from leader Xi Jinping’s years-long effort to rein in […]
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Biden Hasn’t Helped the Economy. He’s Made It Worse.
Comment on this story Comment To President Joe Biden’s credit, his policies didn’t cause many of the economic problems we face today. But they did make them worse. Even more troubling, his policies might reduce growth in the future and make the economy less equal and resilient. The president normally […]
Hiltzik: The enduring failure of economic neoliberalism
Here’s the central riddle of U.S. politics since the Great Depression: Social Democratic policies crafted in the 1930s succeeded in creating a long era of widespread prosperity, then suddenly lost their credibility in the mid-1970s. They were replaced by the neoliberalism of Ronald Reagan, which failed to help anyone but […]