Source: Common Dreams
by Bruce T Boccardy
“Our economic model is plagued with a history of periodic recessions and depressions. That history is recorded by the National Bureau of Economic Research (NBER). Recessions and depressions are clinically presented as normal components of the ‘business cycle’. The NBER does not report the chronic instability and destruction of communities and working people’s lives by this ‘business cycle’. Political democracy demands economic democracy. We have statutes, laws, regulations, and rules to protect the common good. Why not apply the same principles to the relations of production? Many economists, psychologists, and journalists have attempted to rationalize the chronic crisis in our economic model. These fanciful assertions are thoroughly inadequate. As Leo Huberman chronicled in Man’s Worldly Goods, some experts actually attributed the chronic crises to radiation from the sun or the path of the planet Venus.” (09/07/26)
https://www.commondreams.org/opinion/limits-reform-economic-model