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+24 +1
To Fix Economy, U.S. May Need a Second Keynesian Revolution
The U.S economy is hurting. Despite massive stimulus programs and historically low interest rates, the economy remains mired in a slow growth cycle characterized by low labor force participation, wage stagnation and a lack of adequate investment. To get the economy moving again, we may need to draw on lessons learned from past generations.
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+38 +1
Universal Basic Income Is Inevitable, Unavoidable, and Incoming
The last time I saw universal basic income discussed on television, it was laughed away by a Conservative MP as an absurd idea. The government giving away wads of cash responsibility-free to the entire population sounds entirely fantastical in this austerity-bound age, where “we just don’t have the money” is repeated endlessly as a mantra. Money, they say, does not grow on trees. (Only as figures on the screen of a computer).
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+10 +1
The Secret Shame of Middle-Class Americans Living Paycheck to Paycheck
Nearly half of Americans would have trouble finding $400 to pay for an emergency. I’m one of them.
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+11 +1
Are Billionaires Fat Cats or Deserving Entrepreneurs?
A key empirical question in the inequality debate is to what extent rich people derive their wealth from “rents”, which is windfall income they did not produce, as opposed to activities creating true economic benefit.
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+5 +1
The new wave
Surprisingly little is known about the causes of inequality. A Serbian-American economist proposes an interesting theory.
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+9 +1
An Open Letter to the Republican Establishment
You are the captains of American industry, the titans of Wall Street, and the billionaires who for decades have been the backbone of the Republican Party.
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+27 +1
The Sanders “Economic Plan” Controversy
Economist Gerald Friedman did an analysis of Senator Bernie Sanders's plan suggesting it would produce significant growth in the economy -- and then a group of left-leaning economists flipped out. By Dave Johnson.
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+20 +1
The Economy We Want Starts With a Constitutional Amendment
A more democratic and equal election system is the first step toward a more democratic and equal economy.
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+27 +1
We talked to five experts about what it would take to actually institute Universal Basic Income
Free monthly checks for all sounds like a wonderful proposal, but how feasible is UBI to implement in reality?
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+22 +1
Idiotic Conservative Anti-Stimulus Talking Point Won’t Die
The other day, I pointed out that even leading conservative intellectuals who find themselves aghast at Trump, like Commentary editor John Podhoretz, still reside within a right-wing thought bubble, unaware of obvious facts that refute their preconceptions. National Review’s Jim Geraghty rises to Podhoretz’s defense, but serves only to underscore my point.
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+30 +1
City and metropolitan inequality on the rise, driven by declining incomes
To understand the state of local inequality today, this analysis updates and extends previous Brookings analyses of income inequality in cities. Like those earlier analyses, it focuses on the difference between incomes near the top of the distribution and those closer to the bottom of the distribution. This analysis examines each of the 100 largest U.S. metro areas, and the largest city in each of those metro areas, using new data from the 2014 American Community Survey.
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+23 +1
Privilege, Pathology and Power
**Submitter's Note: browse this site in Privacy/Incognito mode.** Wealth can be bad for your soul. That’s not just a hoary piece of folk wisdom; it’s a conclusion from serious social science, confirmed by statistical analysis and experiment. The affluent are, on average, less likely to exhibit empathy, less likely to respect norms and even laws, more likely to cheat, than those occupying lower rungs on the economic ladder.
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+25 +1
The Melting Away of North Atlantic Social Democracy
Piketty believes that the rising inequality trends we have seen over the past generation and see now are simply returning us to what is the pattern of unequal income distribution and dominant plutocracy that is normal for an industrialized market economy in which productivity growth is not unusually fast.
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+21 +1
Management theory was hijacked in the 80s. We're still suffering the fallout
Simon Caulkin: Good governance went out of the window when the Chicago school's reductive view of human nature took hold
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+8 +1
10 Moral Crises That Have Resulted From Unfettered, Free Market Capitalism
On the free market it is legal and customary to violate the dignity of our fellow human beings.
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+29 +1
The Rigging of the American Market
Much of the national debate about widening inequality focuses on whether and how much to tax the rich and redistribute their income downward. But this debate ignores the upward redistributions going on every day, from the rest of us to the rich. These redistributions are hidden inside the market. The only way to stop them is to prevent big corporations and Wall Street banks from rigging the market.
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+30 +2
The looting class and its hoarded gold
Every time layoffs are announced or vital government benefits are slashed, we're told that there is no alternative because the money isn't there. But this is a bald-faced lie, explains Danny Katch, author of Socialism...Seriously: A Brief Guide to Human Liberation.
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+25 +3
Tired of capitalism? There could be a better way.
Governments have typically dealt with capitalism’s more misery-inducing tendencies by creating institutions of labor protection — such as the right to organize unions — and by building out modern welfare states. Although these policy programs have been fairly successful, especially in the countries that have pushed them the furthest, they have not fully eliminated coercion and deprivation.
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+29 +1
Why These Workers Are Going On Strike When The Pope Visits D.C.
As the Pope arrives in D.C., he'll be greeted by low-wage workers walking off their jobs.
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+26 +4
How the US Set Sail on a Sea of Red Ink
Free trade deals and financial deregulation in the 1980s and 1990s contributed to the nation’s level of indebtedness. By J.P. Sottile.
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