Weaker Unions Correlated with More Inequality, Higher Pay for Top Earners
The decline in union power plays an important role in explaining the rise in inequality in advanced economies.
Read more...Category Archives: Income disparity
Attacks on Sanders, Progressives Falsely Depict Obama As Lefty Failure as Opposed to Neoliberal Success
A sign that the progressive cause is moving out of the wilderness and starting to rattle The Powers That Be is that the messaging apparatus is starting to attempt to demonize Sanders as a hopeless cause. And the arguments made against him and the progressive cause generally are made via bizarre analogies to the neoliberal Obama.
Read more...5 of the Biggest Acts of Corporate Hypocrisy in America
Socialism for the rich is inherently hypocritical….but which forms of corporate truth-distortion are the most brazen?
Read more...Adam Levitin: Fighting for the Middle Class
How the deck is stacked against the middle class, and what it takes to change that.
Read more...Mark Ames: Why Finance is Too Important to Leave to Larry Summers
Mark Ames explains why the left became stupid about finance and why that was a very costly mistake.
Read more...Michael Hudson: The Paradox of Financialized Industrialization
The great question today is whether post-feudal rentier capitalism will stifle industrial capitalism instead of serving it. The aim of finance is not merely to exploit labor, but to conquer and appropriate industry, real estate and government. The result is a financial oligarchy, neither industrial capitalism nor a tendency to evolve into socialism.
Read more...How Much Money Does the 1% Have Hidden in Tax Havens?
UC Berkeley professor Gabriel Zucman is doing pathbreaking work on tax havens. HIs estimates of how much the rich hide in them are eye-popping.
Read more...Michael Perelman: The Essential Handbook for Engineering an Unequal Society
While the thrust of Perelman’s post is no doubt familiar to readers, take note of how simple and few in number are the essential principles for creating a highly unequal society, and how easy it is to describe them them in antiseptic language.
Read more...Sanders Debate “Results” as Case Study of the Modern Versailles Hall of Mirrors
Bernie Sanders by all objective measures “won” the first Democratic party debate. Yet pundits almost universally said the reverse. What does that tell us about the state of American politics?
Read more...Payday Lenders Pay Off the System So They Can Keep Ripping Off Borrowers
Paying a visit to payday lenders at one of their conferences.
Read more...U.S. Climate Goals: A Reckoning
The current US lifestyle needs to go if the world is to succeed in limiting climate change.
Read more...Clinton Outdoes Tsipras in Kolotoumbas with Her Reversals on TPP, Bank Regulations
The big problem with Hillary is it is hard to believe she stands for anything other than her desire to exercise power. Her latest bout of opportunism only reinforces that notion.
Read more...Right-Wing Urban Outfitters Now Asking Employees to Work for Free
Gawker caught out Urban Outfitters attempting to violate labor laws.
Read more...Zeitgeist Watch: Wall Street Suicides and the Fear of Falling
Some ruminations about what bankers suicides say about Wall Street.
Read more...Richard Richard Wolff on Jobs Now, and David Cay Johnson and Jobs Then
By Lambert Strether of Corrente. Typically, when we post a video, we post only one. But I felt these two posts were more powerful combined than separately. First, Richard Richard Wolff, in 38% of American Workforce Still Jobless. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst, and currently a Visiting […]
Read more...