Our world’s billionaires don’t merit either their many billions, the Boston-based Oxfam economist Didier Jacobs suggests, or the right to claim we’re all somehow living in a ‘meritocracy.’
The discussion over expanding diversity in Hollywood needs to be expanded. We need to address the concentration of media ownership at the expense of small minority-owned media.
Governments help ameliorate inequality by providing essential services to all citizens, rich or poor. The water crisis in Flint demonstrates the necessary and beneficial role of a strong public sector.
Over 50 years after Martin Luther King Jr’s March on Washington, the median white family in the United States holds 70 times more net worth than the nation’s typical black family.
In our deeply unequal times, College of Holy Cross historian Edward O’Donnell reminds us, the life of the 19th century’s most significant critic of concentrated wealth remains as relevant as ever.
Members of the United States Congress, comfortably nestled in bed with their millionaire friends and corporate lobbyists, are in denial about the true state of the American middle class.
Is American capitalism the cause of our country’s growing and very worrisome inequality? According to Sheila Suess Kennedy, that all depends on how we are choosing to define ‘capitalism.’
From warmaking and tax avoidance to environmental destruction, consumer gouging and criminal arrogance, the candidates for 2015 Hypocrite of the Year truly earned their spot on this list.
In the French newspaper Le Monde, the world-renowned economist Thomas Piketty recently spelled out a highly controversial theory about the cause of terrorism: economic inequality.
America’s 20 wealthiest now own more wealth than the bottom half of the American population combined, a total of 152 million people, notes a new Institute for Policy Studies analysis of Forbes 400 data.
We should institute a direct tax on immense wealth, an idea popularized by Thomas Piketty in his landmark book Capital in the Twenty-First Century. This would both increase tax fairness and raise revenue.
That just may be Martine Durand, the chief statistician of the OECD, the top economic research agency of the developed world. How does Durand view our inequality data future? We asked.
You might want to rethink all those really nice things you’ve been saying about ‘equality of opportunity.’ And if you did, a little ‘equality of outcomes’ might suddenly seem not all that bad.
From the days of slavery to the 21st century rebirth of the poll tax, legal scholar Andre Smith argues in a timely new book, our tax system has been concentrating wealth at African-American expense.
In the U.S. today, the super rich control our politics while millions of ordinary people are deprived of the basic opportunity to work. Wouldn’t a social democracy reflect our values better than capitalism?
Today’s income and wealth inequality may look like gentle ripples on the shore compared to the tsunami of change that robotics and artificial intelligence are whipping up for workers.
This report by the Institute for Policy Studies and the Center for Effective Government is the first to provide detailed statistics on the gap between the retirement assets of CEOs and everyone else.
New inequality data from Credit Suisse reveals that the United States is truly exceptional when it comes to inequality. From extreme concentration of wealth to extreme poverty, here are the five major takeaways.
Libertarians and liberals agree that much of what passes for capitalism today is anything but. Increasingly, both groups have noted that what we have today is “corporatism” rather than capitalism.
Instead of peddling American exceptionalism, defenders of the status quo should study these five great American hypocrisies on everything from tax avoidance to drone strikes overseas.
We all contribute to the creation of wealth. Yet we let the wealth created settle in the pockets of a few. A simple but fundamental change in the source of our tax revenue could help change all that.
The moneymaking techniques today generating mega millions, global business analyst Sam Wilkin is wittily making plain, almost all rest on schemes for subverting honest market competition.
The facts on state-by-state corporate tax avoidance reveal that people across the country are losing revenues that should be going to education and infrastructure. Here are 6 of the most painful facts.
Current reminiscing about the “good” factory jobs of yesterday is actually a nostalgia for the working conditions and pay made possible by decades of workers’ struggle.
On one issue, there just might be enough of an opening that a pontifical prayer could create real progress: mass incarceration and the abuse suffered by our prisoners and incarcerated youth.
In unequal communities, phenomena like gentrification are forcing us to rethink principles of social change. Amid stark wealth disparities, we need to do more than prohibit discrimination.
The 22nd annual Executive Excess report from the Institute for Policy Studies reveals how our CEO pay system rewards oil, gas, and coal executives for deepening the global climate crisis.
No 13-digit fortune has yet appeared on our horizon. But if we wait until we get close enough to see one, warns veteran tax attorney and activist Bob Lord, we may find our plutocracy set in concrete.
A good, hard look at the statistics will tell you why African Americans have reason to fear an encounter with police.
When President Obama arrives in New Orleans today, he will face a reckoning with his promises to help rebuild and restore the city. The city’s poor and black populations still await their recovery.
When it comes to unfettered capitalism, the verdict is in. From failures in housing and education to healthcare and jobs, the evidence shows that the capitalist system just isn’t working.
Last week’s court decision extending basic labor protections to homecare workers combats longstanding racism and sexism embedded in U.S labor law.
From wealthy billionaires designing our public education system to millions of children relying on food stamps, America’s unequal society is chock-full of embarrassing realities.
Canadians view public transit as a vital public utility whereas Americans view it as a social welfare program. Can the influence of Calvinist theology in the United States explain the discrepancy?
A new infographic from the Institute for Policy Studies and National Domestic Workers Alliance explains how corporate interests in the homecare industry threaten quality care for our families.
Too many Americans ignore off-year elections, and only exercise their franchise every four years. Amidst the frenzy of the 2016 election cycle, let us not forget the importance of local politics.
In any society where great stashes of wealth amass at the top, philosopher Elizabeth Anderson reminds us, the wealthy will sooner or later come to see most of the rest of us as failures.
While Sanders’ emphasis on economic reform is welcome and needed, some progressive voters are frustrated by Sanders’ relative silence on two other important issues for 2016: structural racism and climate change.
On Black Women’s Pay Equity Day, experts weigh in on income inequality for African-American women. Today, a black woman makes just 64 cents on the dollar earned by a white man.
Corporations have reaped trillion-dollar benefits from sixty years of public education in the United States, but they’re skipping out on the taxes meant to sustain the educational system.