Salvatore Babones: Inequality and Growth
The inequality and growth debate is a red herring. It just doesn’t matter. The problem is inequality, and its solution is simple.
Articles by Salvatore Babones
Salvatore Babones: Why Are Luxury Car Sales Growing at Record Rates — In a Recession?
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.
Salvatore Babones: Exploding the Debt Threshold Myth
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.
Salvatore Babones: Inequality, Greed, and the Demise of our Better Natures
Greed is not good, and high inequality is making all of us greedier than we should, or could, be.
Salvatore Babones: Government Exists to Serve the People, not the Privileged
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.
Salvatore Babones: How Inequality Corrupts Society
The corrupting influence of inequality isn’t confined to politics. It is everywhere.
Salvatore Babones: The Great Cyprus Bank Robbery
To make bank depositors pay for a bank bailout is sheer robbery. There is no other word for it.
Salvatore Babones: How Inequality Is Killing the Dinosaurs
Rising inequality is killing the dinosaurs – or at least what’s left of them.
Salvatore Babones: Britain Comes Clean on Slave Fortunes
British government funded research is unveiling which of today’s British fortunes are directly tied to slave ownership. America should follow suit.
Salvatore Babones: The Problem Isn’t Growth; the Problem Is Inequality
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.