CEPR (8/26/24)

This week on CounterSpin: Corporate economic news can be so abstract that it’s disinforming even when it’s true. The big idea is that there’s something called “the US economy” that can be doing well or poorly, which obscures the reality that we are differently situated, and good news for the stock market, say, may mean nothing, or worse, for me. A people-centered press corps would spell out the meaning of economic “indicators,” not just in terms of their impact on different communities, but in relation to where we want to go as a society that has yet to address deep historical and structural harms.

A new report on the current state of the Black economy takes up these questions. We’ll hear from its co-authors: Dedrick Asante-Muhammad is president of the Joint Center for Political and Economic Studies; and Algernon Austin is director of the Race and Economic Justice program at the Center for Economic and Policy Research.