Category Archives: Income disparity

Is a New “Take No Prisoners” a Model for Social Change?

Lambert pointed to a recent Harvard Business Review blog post that posited the question of whether it would be possible to engineer a mirror image of the Stanford Prison experiment, in which subjects were put in a mock prison setting, cast either as guards or inmates. The experiment had to be aborted within days as the guards quickly became sadistic. But could a setting be created in which good behavior would be fostered? The pitch from the post:

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America’s Broken Jobs Engine

There was rending of garments and wearing of sackcloth last week when the jobs report came in at only 80,000 new jobs created in June, the third disappointing report in a row. Pundits looked to find cheer despite the disappointing outcome. For instance, the number of hours worked rose, and 25,000 temps were added, which the optimists used to contend that employers saw more demand, but weren’t quite confident enough to make permanent hires. Citigroup’s Tobias Levkovich argued that more firms are planning to add jobs. The gloomsters pointed out that global manufacturing output is weakening, and new orders in particular are signaling contraction. And John Hussman noted (hat tip Scott):

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The Great Capitalist Heist: How Paris Hilton’s Dogs Ended Up Better Off Than You

By Gerald Friedman, who teaches economics at the University of Massachusetts, Amherst. He is the author, most recently, of “Reigniting the Labor Movement” (Routledge, 2007). Edited by Lynn Parramore and produced in partnership with author Douglas Smith and Econ4. Cross posted from Alternet.

Summer 2009. Unemployment is soaring. Across America, millions of terrified people are facing foreclosure and getting kicked to the curb. Meanwhile in sunny California, the hotel-heiress Paris Hilton is investing $350,000 of her $100 million fortune in a two-story house for her dogs. A Pepto Bismol-colored replica of Paris’ own Beverly Hills home, the backyard doghouse provides her precious pooches with two floors of luxury living, complete with abundant closet space and central air.

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Wisconsin Recap: Thanks to Obama, American Left Lies in Smoldering Wreckage

By Matt Stoller, a fellow at the Roosevelt Institute. You can follow him on Twitter at http://www.twitter.com/matthewstoller.

On Tuesday, Wisconsin Republican Governor Scott Walker humiliated his Democratic opponent, Tom Barrett, by easily turning back a popular recall attempt sponsored by unions and liberal activists.  The numbers in the election, which were supposed to be close, were ugly, in favor of the Republican.  But this wasn’t just any Republican, Scott Walker is THE Republican, the politician who made his governorship a referendum on a hard right agenda, in a blue state.

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Mark Ames: Failing Up With Citigroup’s Dick Parsons

Last month, shareholders finally rebelled against Citigroup, the worst of the Too Big To Fail bailout disasters, by filing a lawsuit against outgoing chairman Dick Parsons and handful of executives for stuffing their pockets while running the bank into the ground.

Anyone familiar with Dick Parsons’ past could have told you his term as Citigroup’s chairman would end like this: Shareholder lawsuits, executive pay scandals, and corporate failure on a colossal scale.

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UNCTAD as the Battleground for Role of the State, Trade Policy

We’ve featured past Real News Network segments on the United Nations Conference on Trade and Development. UNCTAD has increasingly become a forum for struggles between advanced economies and developing economies over what the rules of the road should be in trade. UNCTAD was early to call the benefits of financialization into question, and has also been taking issue with the comparatively small take countries in the “south” get from extended supply chain production. This, needless to say, is a vision that is a direct challenge to how multinational like to conduct their affairs, so it should be no surprise that the big, rich countries are trying to bring UNCTAD to heel.

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Barack Obama, the Great Deceiver

Barack Obama swept into office on a tide of giddy enthusiasm. His “Hope and Change” was a pledge to reverse Bush era policies, including socialism for the rich, adventurism in the Middle East, and attacks on civil liberties. He announced his intention to serve as a transformational leader, invoking Abraham Lincoln, FDR and Ronald Reagan as role models. Despite the frigid temperatures, people poured into Washington, DC to hear his inauguration speech, wanting to be part of a remarkable passage.

Those times of heady promise are now a cruel memory….

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What Can Americans Learn from the Eurocrisis

At the risk of looking like NC has become the “all Michael Hudson, all the time” channel, we’re featuring his latest talk with Real News Network. He discusses how and why candidates make promises to ordinary people that they promptly repudiate when they assume office.

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Dan Kervick: The Political Economy of Citadella

Yves here. Readers seem to like Kervick’s storytelling format, and he seemed to take NC readers’ suggestion to heart regarding making it a bit more compact next time.

By Dan Kervick, who does research in decision theory and analytic metaphysics. Cross posted from New Economic Perspectives

Imagine a world and a society in which 500 people own everything – absolutely everything.

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David Graeber: New Police Strategy in New York – Sexual Assault Against Peaceful Protestors

By David Graeber, a Reader in Social Anthropology at Goldsmiths, University of London, and an author and activist currently based in New York

A few weeks ago I was with a few companions from Occupy Wall Street in Union Square when an old friend — I’ll call her Eileen — passed through, her hand in a cast.

“What happened to you?” I asked.

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