Wealth Concentration

How do unequal societies solve the problems — like traffic congestion — that make us miserable? They come up with solutions that make life easier for rich people.

All those millions that CEOs and hedge fund managers have grabbed over recent decades? Our current tax code won't let us grab them back. By Sam Pizzigati [caption id="attachment_4945" align="alignright"...

For decades neoclassical economists have asserted the inevitable logic of international convergence. Excess investment flows from rich countries to poor countries while excess labor flows from poor countries to rich...

Over the past thirty years we've been brainwashed to believe that corporations should serve only themselves.  We have come to accept that they have no responsibilities to anyone other than...

Some of today's most greedy are running giant multinational corporations. Some are just running their mouths. Their stories remind us just how much needs to change, economically and politically, in...

Medicare is broken. Medicare spending is out of control. Medicare will go bankrupt in 2024. If we don't act soon, Medicare will bankrupt the entire country. Wrong, wrong, wrong, and...

The political friends of America's rich aren't aiming to convince us that higher taxes on the nation's highest incomes make no sense. They're just hoping to keep us distracted. By...

In September 1974, Gerald Ford's Office of Management and Budget (OMB) introduced a new term into the English language: "entitlement program." Journalist Edwin L. Dale Jr. (who later joined Ronald...

How much can a billion dollars buy? The undivided attention of America's entire political and chattering classes. Case in point: our ongoing national fixation on debt and deficit. Down through...