The long read: The economic arguments adopted by Britain and the US in the 1980s led to vastly increased inequality – and gave the false impression that this outcome was not only … Continue reading ‘Socialism for the rich’: the evils of bad economics
These days, the average American has to deal with a lot. The news is full of strife and controversy, jobs are plentiful but frequently don’t pay, and we all live on a … Continue reading Study suggests Americans stop eating out, getting drinks, enjoying life in any meaningful way
“The 400 richest Americans — the top 0.00025 percent of the population — have tripled their share of the nation’s wealth since the early 1980s, according to a new working paper on … Continue reading Wealth concentration returning to ‘levels last seen during the Roaring Twenties,’ according to new research
Charity calls for 1% wealth tax, saying it would raise enough to educate every child not in school This kind of inequality is a threat to the very existence of democracy due … Continue reading World’s 26 richest people own as much as poorest 50%, says Oxfam | The Guardian
While many of us work to create a better world, it’s worthwhile to consider other countries where masses of people succeeded in nonviolently bringing about a high degree of democracy and economic justice. … Continue reading How Swedes and Norwegians Broke the Power of the ‘1 Percent’
Strengthening them could blunt inequality and wage stagnation. Economists are starting to suspect that unions were a better deal than textbooks made them out to be. Source: Unions Did Great Things for … Continue reading Unions Did Great Things for the Working Class | Bloomberg
In the lead-up to his Australian visit, the renowned economist warns of the triple threat of rising inequality, the undermining of democracy and climate change The growing gap between the rich and … Continue reading Joseph Stiglitz: ‘America should be a warning to other countries’ | Inequality
Are bachelorette parties the new avocado toast? Excuse me? With student debt through the roof, and house prices also through the roof, it’s got nothing to do with bachelor parties. Wake up … Continue reading Why can’t millennials afford houses? Blame bachelor parties, says study
“Bezos did not just make his $150 billion. In some ways, we gave it to him, perhaps to the detriment of all of us.” With so many of his employees barely surviving … Continue reading Jeff Bezos’s $150 Billion Fortune Is a Policy Failure – The Atlantic
A new report from Oxfam highlights a global system that rewards the super-rich This is not sustainable. Source: A ‘Billionaire Bonanza’ Is Driving Global Inequality | Time Continue reading 82% of the World’s Wealth Went to the Richest 1% in 2017
Very informative article. The bottom line is that corporations have grown so large and have gobbled each other up to the point where there are less public companies today than in the … Continue reading Why American Workers Aren’t Getting A Raise: An Economic Detective Story
When adjusted for inflation, wage growth since 1967 has been nothing short of a disgrace. The United States has suffered close to five decades of real wage stagnation. People, it’s time … Continue reading When adjusted for inflation, wage growth since 1967 has been nothing short of a disgrace.
