Thomas Frank: How Democrats Created Liberalism of the Rich
Make no mistake; the Democrats engineered the Third Way faux liberalism that sold out the working classes to benefit the rich and their minions.
Read more...Category Archives: Income disparity
Oxfam Report on Rent Seeking Among the Top Wealthy Reinforces Neoliberal Shibboleths
A well-meaning effort to analyze rent-seeking goes off the rails.
Read more...Bill Black: Democrats Need to Give Up Being Deficit Hawks Even When it Feels Good Politically
Why do Democrats act like Republican wannabes with deficit scaremongering? Let us count the reasons: Wall Street, Pete Peterson, hatred of the poor…
Read more...Michael Pettis: Trump and the Re-Emergence of the Jacksonians
Why Trump represents a recurring set of grievances in American politics, and elites are making a mistake in dismissing them.
Read more...Phoenix Mayor Calls for Department of Justice Investigation into Maricopa County Disproportionately Reducing Polling Stations in Minority Neighborhoods
The mayor of Phoenix describes the successful effort to impede electoral participation by minority voters by Maricopa County and calls for a Department of Justice investigation.
Read more...Michael Hudson and Chris Hedges: The Real World Cost of Turning Classical Economics Upside Down
Classical economics recognized the costs of rent extraction, excessive borrowing, and encouraging speculation over commerce. Ideologues have turned those lessons on their head.
Read more...Robert Reich: 5 Reasons Why Trump’s and Cruz’s Tax Plans are Huge Giveaways to the Rich
Trump’s tax plan reveals that his economic populism is three-card Monte.
Read more...Assuming Away Unemployment and Trade Deficits from the TPP
It should come as no surprise that the Peterson Institute has managed to model the impact of the TPP so that it does not increase unemployment.
Read more...Income Inequality and Income Mobility: New Evidence from OECD Nations
Some economists argue that income inequality suggests intra-generational mobility in society. This column provides comprehensive evidence across a large number of advanced economies on the importance of intra-generational mobility and its relationship with earnings inequality. The findings do not support the belief that higher earnings inequality necessarily goes hand-in-hand with greater mobility over the working life. Higher inequalities are not systematically compensated by higher mobility opportunities.
Read more...Wolf Richter: Hamptons Super-Luxury Homes Whacked by Reversing “Wealth Effect”
Hamptons real estate is soft at the high end. A portent for the financial health of the super rich?
Read more...How the Cutthroat Walmart Business Model Is Reshaping American Public Education
Walmart has played a huge role in promoting and funding the charter school movement and plans to expand much further.
Read more...How Much International Tax Evasion is There?
More experts are working up estimates of the magnitude of cross-border tax evasion, and the amounts involved are considerable.
Read more...An Eyewitness Report from the Thwarted Trump Rally
A first-hand account from the aborted Trump rally.
Read more...Hoisted From Comments: American Education, Then and Now
A query to readers with children in or who have very recently graduated from public school: has education stagnated, as experts suggest, or is it getting worse?
Read more...Gaius Publius: When Trump Talks Trade, Voters Listen
It’s easier for liberals to blame Trump voters for racism than to blame themselves for the job-loss and pain of the working class.
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