Category Archives: Income disparity

Why So Little Media Coverage of How the Rich Are Becoming Richer and the Middle Class Wages are Being Squeezed?

Ryan Grim and Mark Gongloff of Huffington Post described one of the key mechanisms by which CEO pay has risen to stratospheric levels: cronyism and backscratching among board members, many of whom are also CEOs. And that’s not the only one that gets less attention than is warranted.


Yanis Varoufakis: Can the Internet Democratize Capitalism?

Yves here. Trust me, you must read this post. In its entirety. Varoufakis discusses the operation of “liberal democracy” as opposed to “classical democracy,”. and argues that voter apathy is a feature, not a bug. But the real meat is in his discussion of how the economic rights of laborers has changed over time and how that has had profound implications for democracy.


Money and Elections in Washington: Pro Wrestling, but With More Respectable Clothes

kayfabe: Term in pro wrestling. Kayfabe was the unsaid rule that the wrestlers should stay in character during the show and in public appearances in order to maintain a feeling of reality (albeit suspended) among the fans.