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+28 +4
Why Liberals Have to Be Radicals
The reforms needed to restore the country's shared prosperity are to the left of all the candidates, including Sanders.
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+20 +4
The M.I.T. Gang
Goodbye, Chicago boys. Hello, M.I.T. gang. If you don’t know what I’m talking about, the term “Chicago boys” was originally used to refer to Latin American economists, trained at the University of Chicago, who took radical free-market ideology back to their home countries.
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+18 +3
Fossil fuel companies impose more in climate costs than they make in profits
Climate change impacts exceed fossil fuel profits. By David Roberts.
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+14 +2
What Is Wrong with the West’s Economies?
What is wrong with the economies of the West—and with economics? It depends on whether we are talking about the good or the just. By Edmund S. Phelps.
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+16 +2
Teaching Social Skills to Improve Grades and Lives
Studies confirm the wisdom of teaching social skills first: Children who feel well-liked settle down to learn better in class, and go on to do better in life. By David Bornstein.
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+32 +2
Wealth doesn’t trickle down – it just floods offshore, research reveals
A far-reaching new study suggests a staggering $21tn in assets has been lost to global tax havens. If taxed, that could have been enough to put parts of Africa back on its feet – and even solve the euro crisis, writes Heather Stewart.
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+23 +2
Austerity kills: The sad, sick truth about right-wing economics’ body count
“If austerity were tested like a medication in a clinical trial,it would have been stopped long ago, given its deadly side effects…. One need not be an economic ideologue – we certainly aren’t – to recognize that the price of austerity can be calculated in human lives.” (David Stuckler and physician Sanjay Basu, authors, “The body economic:Why austerity kills,” 2013)
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+18 +1
Atlas Shrugged: The New Feudalism
Why does Galt only intend to charge Dagny a “very small” fee? According to the law which he made up on the spot, he could charge her any price he chooses. Why not say that the penalty for trespassing is a fine the size of her entire bank account, or that room and board in his house costs a thousand dollars a day? This is John Galt we’re talking about, after all. The first time we saw him, the text said that he had “a ruthless innocence which would not seek forgiveness or grant it”.
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+26 +2
Are We Nearing The End Of Capitalism?
Capitalism has reigned for decades, yet it might see itself overthrown by the arrival of shared economies. Is the end near for capitalism? TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in.
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+17 +2
Labor Day 2028
In 1928, famed British economist John Maynard Keynes predicted that technology would advance so far in a hundred years – by 2028 – that it will replace all work, and no one will need to worry about making money.
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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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+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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+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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+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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+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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+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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+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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+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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+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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+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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