Meet the Hedge Funders and Billionaires Who Pillage Under the Shield of Philanthropy
For every dollar these billionaires give, they take 44 from the rest of us.
Read more...Category Archives: Income disparity
Gaius Publius: The Rorschach Candidacy of Hillary Clinton
What you can learn from applying the Hillary Clinton Rorschach test to friends and family!
Read more...The 3 Most Ludicrous Corporate Arguments Against CEO-Worker Pay Disclosure
Public corporations and their lobbyists make intelligence-insulting arguments against Dodd-Frank mandated CEO-worker pay disclosure.
Read more...How Pension Funds, Universities and Endowments Pay for Private Equity Private Jets
One of the class markers of the private equity industry is that its members routinely fly on private jets. That’s because the larger and even some of the smaller firms charge their private jet travel to private equity portfolio companies.
Read more...How Recessions Crush Certain Geographic Areas: Puerto Rico as a Case Study.
How US policy neglect helped created Puerto Rico’s lousy economy.
Read more...De-Industrialisation, ‘New Speenhamland’ and Neo-Liberalism: Government Subsidies to Low Wage Employers
Efforts to reform social welfare programs in England operated on the assumption that lack of consistent work (as in periods of unemployment) and overly large families were the big drivers of poverty. But the majority of poor now are working poor, and as in the Speenhamland days, social welfare programs are helping to subsidize below-living-wage pay levels.Similar factors are in play for US employers like Wal-Mart and McDonalds.
Read more...Why Don’t Americans Take More Vacations? Blame It on Independence Day
On Independence Day’s roots as an “Americanization” propaganda project to increase acceptance of immigrants who competed with native-born workers.
Read more...The Washington Consensus and Long-Term Austerity in Latin America
Most Latin American countries—including those, like Chile and Brazil, where democratically elected leftist governments were overthrown in the 1960s and 1970s. reversed course to adopt “neoliberal” economic policies. How well did that work?
Read more...Obergefell v. Hodges, Identity, and Dignity
Does the logic of Obergefell apply to the dignity of labor?
Read more...Detroit: A Case Study of Oligarchs and Vigilantes Taking Over Public Safety in a Big City
In Detroit, safety is a privilege enjoyed by the white and wealthy.
Read more...Who was Alexander Hamilton? Militarism, High Finance and Checking the Democracy.
Alexander Hamilton, often held up by liberals as the most admirable Founding Father, was not the man you probably thought he was.
Read more...Cringley on How the Bogus Shareholder Value Theory is Wrecking the Computer Industry (and America Generally)
Why the bogus idea that managers should focus on “maximizing shareholder value” is driving the American IT industry into the ditch.
Read more...Economists, Wall Street Upset About Stingy Millennials
Stingy spending and investing behavior by millennials is a part of the New Normal that the officialdom would like to ignore.
Read more...New Study Debunks Myth That Exorbitant CEO Pay Results from “Talent”
In the last month or so, I’ve seen some remarkably dubious studies flogged around what Lambert calls the Innertubes, all ringing changes on the same themes: outsized pay for those at the top is a reflection of a state of nature. Fortunately, a new study from Lawrence Mishel and Alyssa Davis of the Economic Policy Institute has done the heavy lifting of shredding new, creative defenses of out-of-control CEO pay.
Read more...Tom Engelhardt: Armed Violence in the Homeland
If you worry about safety, stop fretting about terrorists and focus on the nasty intersection of rising social stress and widespread gun ownership.
Read more...