The Economic Policy Institute (EcPI) calls itself a “nonprofit, nonpartisan” think tank. But behind its façade of political balance lays an agenda-driven organization. EcPI has roots in radical leftist politics, and it receives a large portion of its funding from organized labor. EcPI‘s donors have on at least one occasion been allowed to review its research prior to publication.
The Economic Policy Institute was founded in 1986 by Jeff Faux, who was previously the co-director of the National Center for Economic Alternatives (NCEA). As its name suggests, the NCEA specialized in offering “alternatives”—alternatives characterized as “radical” in The New York Times—to mainstream U.S. domestic policy.
NCEA‘s co-director was Gar Alperovitz, now a University of Maryland professor and author of America Beyond Capitalism. Prior to working at the NCEA, Alperovitz co-authored the essay collection Strategy and Program: Two Essays Toward a New American Socialism, where he advocated using socialist ideas to make the United States a “fairer” nation.
Together, Faux and Alperovitz advocated reindustrialization, a scheme that required a national committee to review and guide the re-development of selected major industries in the United States. One professor at Columbia University, writing in The New York Times, called their ideas “a poorly disguised version of national planning.”
At NCEA, Faux and Alperovitz promoted public ownership of energy, defense, and transportation corporations, and economic planning handled through local councils. Over time, they envisioned the replacement of large U.S. corporations with new institutions directly accountable to the public.