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.
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.
The low- and middle-income families hurt most by the Great Recession are continuing to receive the least benefit from our recovering economy. So what will it take to ensure this disaster never happens again?
Modern-day conservatives like Paul Ryan seem to have discovered inequality. But don’t take that discovery too seriously. Their world views still reflect a Gilded Age contempt for society’s struggling.
At least some American businesses are realizing that a fairer economy makes eminent business sense. America’s most insightful business leaders have understood that reality for generations.
Any effort to reduce inequality must deal with the fact that inequality is a matter of conflict between the 99 percent and the 1 percent. We must address the deeper processes that permit the 1 percent to win.
Good things trickle down, cheerleaders for privilege insist, when wealth concentrates. In real life, notes economist Robert Frank, inequality makes things worse even for its ostensible beneficiaries.
Chicago is becoming a symbol of a nation crippled by the idea that the “public good” rates as an un-American notion. Other cities and states have fought privatization. Will Chicago be able to learn from them?
Economic enterprises need many kinds of infrastructure just to have a chance at succeeding. Unfortunately, America has failed to attend even to our most basic infrastructure needs.
Reducing inequality confronts more basic vested interests than does reducing poverty. That makes the language of inequality much more disruptive to the status quo — which is exactly why we should use it.
Rather than philanthropy, let’s pay hardworking folks a living wage. The Waltons, Kochs, and other wealthy elites won’t miss a meal by doing so — and we can stop relying so much on their charity.
The Port Authority of New York and New Jersey is pushing a new proposal containing no environmental protections mainly for low-income, minority communities. Enter environmental inequality.
In the ongoing struggle for worker justice, perhaps we should resurrect a once prominent, 19th-century vision of the importance of civic participation, leisure, and rest for all working people.
In the 1980s, two political paths diverged in America. We chose the easier, the one that asked less of us. The late Mario Cuomo’s political vision is a reminder of the path America didn’t choose.
The British epidemiologists Richard Wilkinson and Kate Pickett changed how the world thinks about economic inequality with their landmark 2009 bestseller. Now they have a new book in the offing.
Looking back on 2014, it’s easy to see inequality remains a top issue for Americans. Topping my list of top 5 inequality moments of 2014 is Ferguson, reminding us all that inequality isn’t colorblind.
Though several members of Congress lauded the 2015 Congressional spending bill as reassuring evidence of bipartisan cooperation, the bill was actually just a holiday giveaway to the 1 percent.
The corporatization of the university undermines the historic role of college as a site of political protest. The rise of adjunct professors accelerates this trend since they are less likely to encourage protest.
Billions of taxpayer dollars are now going to corporations busy stuffing the pockets of America’s billionaires. The eleven richest Americans have all received government subsidies, details a new report.
This year’s all-stars of avarice range in age from thirty-somethings to nearly octogenarian status. They’re all doing their best to keep our world a staggeringly unequal place.
The marches in the streets may have been provoked by police conduct in Ferguson and Staten Island. But there is a deeper dream that has been deferred.
Sheila Suess Kennedy reflects on the potential consequences of a German economist’s prediction that there could be a significant labor shortage by 2030. New social disparities are likely, Kennedy says.
Though rooted in America’s religious past, today’s attitudes about the poor are rarely doctrinal but rather cultural. The problem is that such dismissal of struggling Americans is at odds with reality.
New research and another dose of on-the-ground reality are shredding what little credibility the rationalizers of inequality have left. New analysis shows that a “rising tide” doesn’t come close to lifting all boats.
America’s 400 richest are collecting far more of the nation’s income than they did two generations ago — and paying Uncle Sam far less. To fudge these facts, pals of plutocrats are working overtime.
Republicans may feign a nostalgia for the 1950s, but they are actually more nostalgic for the Gilded Age. For decades, they have worked to undo the Progressive Era reforms that curbed inequality.
The nonpartisan Congressional Budget Office has just released its latest appraisal of America’s income breakdown. Whatever yardstick you use, the CBO shows, the rich are winning. But that hasn’t stopped conservatives from arguing that the nation’s affluent remain oppressed victims.
When you hire someone, you have to pay social security taxes, unemployment, workers’ compensation, and ensure worker health and safety. It’s a lot to put up with. What if you could get people to do the same work without taking on these responsibilities? As it turns out, you can.
Why should our greatest generation be behind us?
In 1992, James Carville famously coined the phrase, “It’s the economy, stupid!” More than 20 years later, inequality has worsened to an unprecedented degree, but progressives fighting to end inequality have forgotten Carville’s lesson and, in the process, the most potent argument of all.
An anthropologist follows the everyday struggles of impoverished youth in DC and reveals how businesses target these youth for profit. From used cars to cellphone leases to pawn shops, wealthy investors have made poor neighborhoods into a highly lucrative enterprise.
Americans want what 21st century politics has so far not delivered: real options for challenging concentrated wealth. That’s one conclusion we can draw from new research polling out of Berkeley that gave Americans a choice of seven policy options on federal taxes.
Plutocrats in America have retreated into their gated communities, benefiting from racism and inequality. If we want change, we need to confront the wealthy elite who engage in “makers and takers” rhetoric and remind them that genuine democracy is good for everyone.
We’ll only make significant progress against the absence of wealth at the bottom of our economic order, declares an ambitious new global campaign just launched by Oxfam International, if we confront the enormous concentration of wealth at our economic summit.
The greater the income gap, the more important it becomes for rich parents to give their children every possible advantage. Increasing inequality thus accentuates elites’ reluctance to pay taxes that could equalize opportunity. Their own children just may have the most to lose.
America’s most powerful economic policy maker dramatically charges that inequality is choking off opportunity for average families. Political candidates pay absolutely no attention.