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...Category Archives: Income disparity
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...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 .
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