Looking for a quick fix to inequality? Stop your searching. We need to strategize instead for the long-term. A riveting new work helps us see how.
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.
The lesson of the Reinhart-Rogoff affair: If we let wealth continue to concentrate — and corrupt our societies — we’ll all end up crying ‘96 tears.’
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.
A colossal gift from a fabulously rich patron of the arts has the museum world buzzing. But hold the hosannahs. The rich aren’t saving us.
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.