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.
A new kind of social disease has spread from recession in the United States to austerity in Europe to manufactured crisis in Australia. Tenured and emeritus academics should be hoisting the banner of civilization, raising the battle-cry for justice.
Fox News may have failed to have an impact on the outcome of the 2012 Presidential election in the United States, but media organizations controlled by Rupert Murdoch celebrated a victory this year in Australia.
Can you imagine Americans of 1968 settling for a minimum wage standard of living that had been set based on 1924 standards? What about 1880 standards? At some point we should expect low-wage workers to start living better than they used to.
Austerity is going to make Greece a cheap place to visit once the protests die down, and backpacker adventure tourists will make Greece a cooler destination than ever. But for most people, it’s much better to live in a rich social democracy than in a cool adventure tourism destination.
The fact that the average American household today has an income of $50,000 instead of $100,000 can be attributed entirely to the fact that inequality has risen over the past four decades instead of declining.
Retail sales are up this holiday season in the top 1 percent plutonomy, but down in the realonomy where the other 99 percent live. And it’s not just the poor who are struggling. Even high-income, college-educated professionals have seen no income growth in over a dozen years.
As the economic news in the United States gets worse and worse every week, a lot of Americans are saying “at least we’re not Europe.” To read the press accounts, it sounds like Greece is plunging Europe into a second Great Depression. Greece is having trouble paying its debts, and many people are worried that […]
‘Asset bubbles’ have been roiling our economy ever since America’s wealthy started supersizing three decades ago. But another bubble, this one enveloping those wealthy, may be just as essential to understand.
Britain’s Equality Trust has begun a new series on what academic investigators have to tell us about economic inequality’s impact on society. The just-released first of these research briefs explores the powerfully strong links between grand income divides and violent crime.