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...Category Archives: Income disparity
The Decline and Fall of American Public Space as Shown in #BlackLivesMatter Tweets
Looking at the backgrounds of #BlackLivesMatter images shows America’s decaying infrastructure.
Read more...David Leonhardt Links Two-Parent Families to Low Social Mobility, Without Taking Race and Socio-Economic Status Into Account
Leonhardt reinforces the myth that family form causes low social mobility, a disservice to the real debate about what causes family change
Read more...Even Affluent American Strongly Support Higher Taxes on the Rich
As they have for decades, Americans poll in favor of higher taxes on top earners.
Read more...Memo to Readers: If You Want to Beat Big Finance, You Need to Be Able to Take the Fight to Their Terrain
We are now 35 years into a finance-led counterrevolution. If you care about income inequality, student loan debt slavery, foreclosure abuses, and other products of the success of this effort, it behooves you, as Sun Tzu urged, to understand your enemy.
Read more...Cathy O’Neil: If You Redefine “Performance,” Magical Things Happen
A new study tries to justify high pay for supposedly top performers. But all it really does is prove that feedback loops are powerful.
Read more...High School Dropout Rates Increase with Income Inequality
An important element of how income inequality is becoming institutionalized in the US.
Read more...The Shafting, Um, Sharing Economy
The Wall Street Journal, of all places, describes the dark economic underbelly of Uber and other Orwellianly-named “sharing” services.
Read more...More on the Myth of Outsourcing’s Efficiency
Why outsourcing winds up producing cost creep over time.
Read more...Michael Perelman: The Dysfunctionality of Slavery and Neoliberalism
Slavery and periods of low pay to labor are correlated with low innovation .
Read more...Wolf Richter: How Soaring Housing Costs Impoverish a Whole Generation and Maul the Real Economy
Housing costs are beyond the reach of many middle class earners. And while that is no news, housing has been the engine of past recoveries. So inflated home prices are part of why the economy will stay mired in low growth.
Read more...Branko Milanovic: Income Inequality and Citizenship
Dave here. This is a readable discussion of inequality between nations, but the conclusions suffer from the conceit that people – particularly people in poor countries – have universal freedom, wherewithal and mindset to pick and choose what country to which they want to emigrate. But other than that nitpick, worth a read. By Branko […]
Read more...Ilargi: Sucking Spoilt Milk From A Bloated Dead Sow
Ilargi describes why the US is not a democracy, it is not the supreme leader of the world, and the American economy is not in recovery.
Read more...Quantitative Easing and The Great Recession: Who Wins? Who Loses?
The Federal Reserve (“the Fed”), the central bank of the United States, is at the center of a big political fight, once again.
Read more...How the Federal Reserve Is Destroying Your Economic Future
How Fed policies exacerbate inequality and dampen growth.
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