Yves here. This post is wonky but important. While Stiglitz has written regularly about inequality as problematic from an economic perspective, and has mentioned rent seeking as a contributor, to my knowledge, this is the first time he’s said that old theories need to be tossed and that rent seeking is one of the main factors now driving wealth and income inequality.
Read more...Bernie has unapologetically rejected sclerotic visions of what is ‘politically possible’. And now he should add the Job Guarantee to his list of issues.
Read more...If “talent” gets only itty bitty relief from extreme workplace demands, and that due to media pressure, imagine what it’s like for the help.
Read more...Yet again, HIllary Clinton tries to distance herself from her “sell out the middle class” policies, this time on “free trade”.
Read more...The Republican candidates for President all made shameless appeals for even more plutocracy, in particular preferential treatment for the rich.
Read more...Cornel West: “How do you straighten your back up? How do you tell the truth? How do you bear witness? How do you organize? How do you mobilize? How do you generate forms of resistance and resiliency in the face of some very, very ugly forms of terror and trauma and stigma?”
Read more...For every dollar these billionaires give, they take 44 from the rest of us.
Read more...What you can learn from applying the Hillary Clinton Rorschach test to friends and family!
Read more...Public corporations and their lobbyists make intelligence-insulting arguments against Dodd-Frank mandated CEO-worker pay disclosure.
Read more...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 US policy neglect helped created Puerto Rico’s lousy economy.
Read more...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...On Independence Day’s roots as an “Americanization” propaganda project to increase acceptance of immigrants who competed with native-born workers.
Read more...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...Does the logic of Obergefell apply to the dignity of labor?
Read more...