Bill Maher has a devastating short segment on the “post greed is good” world, as exemplified by the “sharing economy.” In a bit of synchronicity, a New York Times op ed by a former high-end restaurant captain covered similar themes.
Read more...How Germany’s wage repression, a war against its own workers, has been exported to the rest of the Eurozone.
Read more...As the QE prop is removed, it will become more difficult to ignore the fact that “employment” subsidies were often simply “employer” subsidies.
Read more...A report from an insider on organization dedicated to scabbing known as Teach for America.
Read more...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...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...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...Despite the current housing “buying panic,” the soaring prices, and all the hoopla round them, there is a fly in the ointment: overall homeownership is plunging.
Read more...How big corporate tax avoidance hurts local schools.
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...Post-bailout expiration dynamics are likely to produce even worse outcomes for Greece than it had on offer from the creditors last month.
Read more...Why America’s elites have failed.
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