Americans ought to be welcoming migrants into the United States with compassion, just as we ought to be ending the very economic policies that drive inequality and have forced these migrants from their homes.
 
INEQUALITY.ORG
THIS WEEK
Like people around the world, we’ve had our eyes on the Central American migrants fleeing violence and inequality as they attempt to enter the United States. And we’ve been horrified by the response of the U.S. government to their caravan, from the ramped-up military presence to the gassing of families protesting at the border.

What makes this treatment all the more heinous: Washington’s complicity in creating the conditions the migrants are fleeing, including the unfettered free trade agreements and privatization of public services that have led to so much displacement. And now, as my colleague Manuel Perez-Rocha wrote earlier this year, U.S. policy “punishes those same families that have been displaced.”

Americans ought to be welcoming these migrants into the United States with compassion, just as we ought to be ending the very economic policies that drive inequality and have forced these migrants from their homes.

Chuck Collins, for the Institute for Policy Studies Inequality.org team
INEQUALITY BY THE NUMBERS
Facebook Twitter
FACES ON THE FRONTLINES
Six of the Inequality Trailblazers Entering Congress
In January, the Democratic Party will regain control of the U.S. House of Representatives. With this shift will come a new cadre of forceful female leaders committed to narrowing the gaps that so divide us. Inequality.org co-editor Sarah Anderson has profiled six of the remarkable candidates now heading to the Capitol. All women of color, these trailblazers often drew from their own personal stories to connect with and win over voters. Each is heading to Washington to advance a bold social and economic justice agenda, with a strong focus on reversing inequality.
Read More
WORDS OF WISDOM
Facebook Twitter
PETULANT PLUTOCRAT
OF THE WEEK
From a Wedding in Versailles to a Japanese Jail
Carlos Ghosn, the top exec at the Nissan-Renault-Mitsubishi auto alliance juggernaut, had it all. All would not be enough. Last Monday, Japanese prosecutors arrested Ghosn after a Nissan audit revealed that the 64-year-old had schemed to conceal $44 million of his pay and used company funds for personal expenses. Ghosn has been a global CEO superstar since he took over a struggling Nissan in 1999 and incorporated the “American style of management,” cutting 21,000 jobs and insisting on compensation exorbitantly higher than the Japanese corporate norm. Along the way, Ghosn picked up manses in Paris, Amsterdam, Beirut, and Rio de Janeiro and even rented out the palace at Versailles to celebrate his second wedding. Amid all the glitter, notes pay analyst Robin Ferracone, Ghosn “was always arguing about whether he was adequately compensated.” Last year, Ghosn’s reported pay at Nissan more than quadrupled the CEO pay at Toyota. Next year may find him still sitting in a 50-square-foot cell.
GREED AT A GLANCE
Facebook Twitter
TOO MUCH
The Carcinogens That Come in Pay Envelopes
Cancer kills. Every American knows that. Every American knows a family that has encountered and suffered from cancer. Cancer is also helping some Americans become exceedingly rich. And these Americans will do most anything to keep their windfalls coming, even prey on the fragile psyches of the families cancer strikes. Truth in Advertising, a nonprofit consumer group, has a new report out that quantifies the escalating extent of this preying. Inequality.org co-editor Sam Pizzigati, author of The Case for a Maximum Wage, has more.
Read More
MUST READS
This week on Inequality.org 

Michael Hudson, Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis. Societies have tended to polarize between creditors and debtors since ancient times, but this tendency can and must be reversed.

Elsewhere on the web 

Bob Lord, Can the Next Congress Chase Down America’s Runaway Wealth? OtherWords. With the new $22 million exemption from estate tax enacted last December, the passing on of a generation now does nothing to slow the wealth accumulation of the mega rich.

Steve Rose, How the Robin Hood myth was turned on its head by rightwingers, Guardian. Also noted: the exchange between Robin Hood and Maid Marian that makes Errol Flynn the greatest Robin Hood ever.

Joseph Blasi and Maureen Conway, A better way to share the wealth, Politico. Two Rutgers University scholars offer three practical strategies for democratizing asset ownership.

Dean Baker, Robert Samuelson Is Denying Inequality, Again, Beat the Press. A top progressive economist exposes the games mainstream inequality-deniers play.

Michelle Singletary, Why banning students from wearing $1,000 coats won’t prevent ‘poverty shaming,’ Washington Post. Kids from families of means will always find ways to shame kids from poor families. Only reducing inequality can fix that cruel dynamic.

Yves Smith, Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers, Naked Capitalism. Bankruptcy reorganization as a stalking horse for enriching the already rich.

Paul Donovan, A fairer distribution of wealth would make society safer, East London and West Essex Guardian. Homeless people are dying amid billionaire splendor.
A FINAL FIGURE
Facebook Twitter
DONATE