Relevant and even prescient commentary on news, politics and the economy.

Anand Giridharadas in a Dutch interview: Their Parliament’s Finance Committee called him

I found this interesting.  Mr. Giridharadas was invited to discuss his perspective regarding his themes of his book Winners take all.  He was invited by the Dutch Parliament’s Finance Committee to discuss his book.  All 6 parties showed up.  All had been given the book prior and several had read it.   This is a […]

Income Inequality (I’m tooting my own horn)

I’ve been on the beat of income inequality since I started blogging here.  My theory: We changed the way we make money from one of making it from producing (polishing rocks into tools) to one of making money from money.  When you can make money from moving money, you don’t need to compete.  Just buy […]

Interview with Andrew Yang

Now that Andrew Yang has made it into the first debate by meeting the fundraising threshold, and being on Morning Joe this morning,  it is time to post this interview of him via Freakonomics. I was impressed by his thought approach.  He is the first person who is talking about the economy as a ecosystem […]

Sucking it out faster than you make it, Income distribution and gdp 2008

« Back I am reposting this at Dan’s suggestion as it relates to the recent post by Steve Roth.  I have edited it slightly along with a retitle to clean up some wording and hopefully have made it easier to read.  For those new here, my posts started with income inequality and a thought that […]

What to do with $45 billion? Giving it to charity is too cliche. So old hat.

Facebook founder and his wife have decided to give away 99% of their fortune.   That is $ 45 billion. Now, I know many will heap praise upon them for their generosity.  Same deal when the Gates and Buffet did their give away announcement.  But, I’m not so keen on this.  I know, how heartless of me.  […]

Inequality for All, the film

If you do not know, Prof Reich’s film is currently up on youtube.  I just watched it.  For most readers it is nothing new.  But for the masses this is a great film.  Plus, I did not know that he literally went over on the same boat as Bill Clinton when they were going to […]

The Sixty Hour Weeks of the Leisure Class

A typical excuse for widening income inequality is that the ‘job creators’ actually work oh so much harder than the ‘job takers’. That while the latter simply leave work at 4 or 5 PM, the former are just getting started and in fact routinely put in 50-70 hour workweeks. Now I hasten to add that […]

Nick and Joe are doing their best to beat back Milton Friedman et al

Nick Hanauer, Joseph Sitglitz videos. This is the latest presentation Nick Hanauer has made regarding the upside downness of our economy and the backward, selfish thinking that has gotten us here. In this one he is talking to his “plutocrat” friends: We plutocrats need to see that the United States of America made us not […]

Another image of labor’s broken back: $48,887 in profit per employee!

This article via Yahoo news caught my attention: Five years into recovery, Dow Companies squeeze workers as investors thrive I think this picture spells it out rather well.   “As the chart shows, the 30 huge companies that comprise the Dow Jones Industrial Average have barely nudged their employee ranks higher…” But this is even […]

Bill Clinton thinks corps will put people first, profits second…all on their own.

So, Bill baby thinks the corps are going to see the light and return to the good old days of having a social conscience.  Heck, they will even see the light regarding their role as a member of society in the US.   And, here is the best part.  This is all going to happen without the […]