To address the problems in American education, we must address the crisis of economic inequality in this country. The real crisis in our schools is inequality, not poor teachers or administrators.
Reducing inequality solves many of society’s problems, including those of Baltimore and Ferguson. President Obama has not taken on this challenge. Hopefully the next president will.
China has become the world’s leading billionaire factory, producing more new billionaires in 2014 than any other country. But the powerful billionaires who run China do not want to live there.
You don’t have to buy the theories in Thomas Piketty’s Capital in the Twenty-First Century to use his data. And those data show that the United States has become a model for maldistribution.
Making the market “decisive” means that the Chinese government has decided to place profits before people — and even before that previously invincible talisman, economic growth.
A new kind of social disease has spread from recession in the United States to austerity in Europe to manufactured crisis in Australia. Tenured and emeritus academics should be hoisting the banner of civilization, raising the battle-cry for justice.
If Europe successfully implements a financial transactions tax (FTT), it will demonstrate that it is possible to make banks pay for the privilege of trading financial instruments like stocks, bonds, and derivatives.
This year’s fast GDP growth underlines one of the great myths of economic statistics: the myth that growth benefits everyone, or at least most people.
Fox News may have failed to have an impact on the outcome of the 2012 Presidential election in the United States, but media organizations controlled by Rupert Murdoch celebrated a victory this year in Australia.
Call their bluff. Take the plunge. Go over the cliff. Let the government default on its bonds.
People need jobs. Put them to work. It’s that simple.
Is $15 an hour really a fair wage for serving fast food? Is it reasonable? Is it affordable? In a word: YES.
Need a job? Join the new servant economy.
The top 0.5% of Americans are about 1.5 million people. And by definition they’re the 1.5 million richest and most powerful people in the country.
On the high road to the future, we would use government institutions to put people to work in support of the common good.
America’s official poverty line has remained fixed in real terms for over 40 years. Despite this, poverty is higher than it was at the end of the 1960s.
If world’s big corporations prefer to sit on trillions of dollars in order to avoid paying taxes, let them. If they won’t invest, we should.
Just like the United States, Australia has a debt ceiling. Australian borrowing bumps up against this ceiling on a regular basis. But there the similarity ends.
The inequality and growth debate is a red herring. It just doesn’t matter. The problem is inequality, and its solution is simple.
How can sales of super-luxury cars grow at super-fast rates during a recession? The answer is simple: it’s not a recession for everyone.
Following on the heels of the 2008 global financial crisis and the associated spike in government borrowing in Europe and the United States, the Reinhart-Rogoff paper quickly became a touchstone for the small-government crowd. Austerity is the order of the day. Reinhart and Rogoff are its prophets.
Greed is not good, and high inequality is making all of us greedier than we should, or could, be.
Call it vote-buying if you want, but when a government effectively buys the votes of 80 or 90 percent of the population, I call that government of the people, by the people, for the people.
The corrupting influence of inequality isn’t confined to politics. It is everywhere.
To make bank depositors pay for a bank bailout is sheer robbery. There is no other word for it.
Rising inequality is killing the dinosaurs – or at least what’s left of them.
British government funded research is unveiling which of today’s British fortunes are directly tied to slave ownership. America should follow suit.
How can things be so much worse now when the economy is essentially in the same place it was five or six years ago? The answer in two words is: Rising inequality.
We have at least twenty years to rebuild the Social Security trust fund. If we raise minimum wages now, we can start rebuilding the fund now.
The debt ceiling gives the President enormous power. Instead of letting the Republicans dictate terms to him, he should dictate terms to the Republicans. Here’s how to do it.
Who won in the fiscal cliff deal? The lawyers, the doctors, the dentists, the middle managers, the advertising executives, the whole MBA crowd.
Do we need more free markets and more privatization? Economists say yes. History says no.
Corporations are called “public companies” because they are just that: they are companies of individuals given special rights and privileges in exchange for serving the public.
If the United States were able to reduce its health care spending from 17.8% of national income to a more normal 11.8% of national income, we would be spending $905 billion less on health care every year. Obamacare won’t do that. Neither will the Medicare “reform” proposals currently under consideration. Only one policy proposal would bring the US healthcare system into line with those in other countries: Medicare for all.
The basic necessities of life are not for government to give or withhold based on its current budget situation. They are things we are entitled to have, no matter how inconvenient it may be for our neighbors to pay for them.
For a small business, a tax is a cost like any other. It’s important to keep costs down. But it’s even more important to keep costs lower than your competitors.
Contrary to public perceptions, low-tax America has among the lowest rates of entrepreneurship in the world. Taxmaggedon would help most small businesses and begin to restore a sane level of taxation on America’s wealthy.
Reparations for slavery may never be approved by the courts, but we can focus on fixing the social structures that reinforce racial inequalities and are the enduring contemporary legacy of slavery.
Nowhere are the rich prosecuting their class war against the rest of society more ferociously than in Greece.
The reality is that High Occupancy Toll (HOT) lanes are exclusive – by design. If the so-called “Lexus Lanes” weren’t exclusive, they wouldn’t be hot.