Billions of dollars are at stake in the public-private partnership deals that governments are increasingly cutting. Sadly, our kids and grandkids will foot the bill on these deals if anything goes wrong.
A recent study reveals that the federal government spends more on private contractors than on public employees for the same services. Yet elected leaders insist that free-market capitalism works best.
In the years right before the 2008 financial meltdown, too many powerful people were making too much money for anyone in authority to blow the whistle and yell “foul.” Has anything really changed?
The media rarely report carefully on numbers, and Congress has little use for facts. That’s unfortunate because numbers reveal the dramatic fall of the middle class over the past 35 years.
America’s middle class can once again prosper, but only if we confront growing inequality within the nation’s private sector. President Obama’s new plan for middle class revival doesn’t do that confronting.
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.
The idea that our economic divides impact how long we live remains difficult for many of us to swallow. But swallow we must because inequality is killing us, as a wealth of research makes clear.
Governors all across the nation are crying poverty and demanding deep budget cuts on needed social services. But we’re not broke. We’re just keeping too much of our wealth in too few pockets.
Racial segregation dominated the American landscape for generations. We can’t afford, suggests the research of Stanford’s Sean Reardon, to let economic segregation have anywhere near as long a run.
In Adam Smith’s textbook market economy, buyers and sellers know all they need to know and never get burned. Today’s oligarchs and plutocrats have essentially burned the textbook.