The REALLY ANNOYING Don’t-Wanna-Subsidize-Wealthy-Kids’-College-Tuition Canard
Yves here. Readers know I have a weakness for righteous rants…
Read more...Category Archives: The destruction of the middle class
Marshall Auerback and Branko Milanovic Discuss Income Inequality: The Global Haves And Have-Nots In The 21st Century
A conversation between Marshall Auerback and Branko Milanovic on income inequality and the potential countervailing forces to its rise.
Read more...US Intergenerational Mobility: 1850-1940
Intergenerational income mobility is currently not very high in the US compared to other developed countries. This column shows that US intergenerational income equality was high in the 19th century but plummeted between 1900 and 1920. The income-mobility ladder was thus pulled up during the so-called Great Gatsby era.
Read more...To Fix Inequality and Steady the Economy, Think Radically
Originally published at the Institute for New Economic Thinking website Adair Turner, Chairman of the Board of the Institute for New Economic Thinking and former Chairman of Britain’s Financial Services Authority (2008-13), is the author of a new book that takes aim at economic and political orthodoxies, Between Debt and the Devil: Money, Credit, and […]
Read more...The Disaster of Greek Austerity
Data and on the ground reports on the high cost of Greek austerity.
Read more...How Pursuing “Competitiveness” Crushes Labor and Lowers Growth
Why pursuing national “competitiveness,” as in squeezing labor pay and rights, does not produce the promised benefit of more growth.
Read more...Full Text of TPP, Including Annexes, and Boy is it Nasty
Yes, sports fans, the TPP is as bad as you feared it might be….
Read more...Martin Wolf on the Low Labor Participation as the Result of the Crapification of Jobs
Why are more and more prime age people refusing to take jobs on offer?
Read more...Mussolini-Style Corporatism, aka Fascism, on the Rise in the US
While the new neoliberal economic order is not a replay of fascism,, there is a remarkable amount of inhibition in calling out the similarities where they exist.
Read more...Hillary Clinton Indicates She is Open to Raising the Retirement Age
Hillary Clinton again reveals her inner neoliberal in suggesting that raising the retirement age might not be a bad idea.
Read more...The Plutonomy Is Doing Fine
Oddly, the latest release of a report on the state of the plutonomy didn’t get as much attention as it warranted. We are doing our part to make up for this reporting lapse.
Read more...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...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...Hillary Clinton on Social Security Expansion: Words are Wind. A Cold Wind.
Spoiler: Hillary Clinton does not support Social Security expansion. And that’s not the worst of it.
Read more...Reformers Stymie Obama a Second Time on Wall Street Cronies: Progressive Pick Lisa Fairfax Nominated for SEC
The Wall Street wing of the Democratic party has taken a visible defeat with the nomination of Lisa Fairfax to the SEC.
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