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.
Nothing else has been able to stop the decline in workers’ bargaining power. The decline in unions seems to be directly related to the decline in wages and the separation between … Continue reading Stronger Labor Unions Could Do a Lot of Good – Bloomberg
In reality there has been a class war, in which [corporations] spent decades using the state to undermine workers, writes Guardian economics editor Larry Elliott Interesting article that discusses how attacks … Continue reading Think our governments can no longer control capitalism? You’ve been duped
More than 52 million Americans live in deeply-disadvantaged, “distressed” neighborhoods. Source: Prosperity gap benefiting wealthy, deepening inequality Continue reading Prosperity gap benefiting wealthy, deepening inequality
It’s a sign of just how extreme US and global wealth inequality has become that even the folks on the winning side of the class war are starting to worry about it. … Continue reading Inequality is getting so bad even Wall Street is starting to pay attention
In many countries, the richest 1% have benefited disproportionately from economic growth in recent years, the IMF says. The IMF says fiscal policy is “a powerful instrument for ensuring inclusive growth and … Continue reading Inequality makes growth less sustainable, IMF says
Today’s mountains of wealth throttle the very engine of wealth creation itself. When all the wealth accumulates at the very top, the problem is that the very wealthy do not, and … Continue reading Insanely Concentrated Wealth Is Strangling Our Prosperity
