From a policy making perspective this does not mean states should never try to create a better business climate by lower business costs, but it does mean the trade-off between growth and inequality should be factored into that policy making process. It should be understood that the price of lowering business costs is not just less tax revenue but also increased inequality.
|By: DSWright Thursday July 17, 2014 7:55 am|
|By: danps Friday May 23, 2014 1:56 pm|
One of the more memorable turns of phrase I’ve heard in the past few years came during the effort to unionize an Ikea plant in Virginia. In the same way that Mexico became an attractive location for American capitalists because of lower wages and less stringent environmental standards, some European employers began finding America more to their liking.
|By: Jon Walker Tuesday May 20, 2014 3:19 pm|
The most important issues for Americans right now are the economy, the deficit and taxes. On all three the Republicans hold an advantage over Democrats according to Gallup.
|By: Kevin Gosztola Wednesday May 14, 2014 4:10 pm|
The Pentagon won’t respond to Chelsea Manning’s requests for gender treatment, but they’ll apparently permit officials to leak information on how the agency plans to handle her requests to the media.
|By: Jon Walker Thursday March 13, 2014 12:55 pm|
It is worth remembering that while the media often focus on how the latest story or international incident will affect elections, what regular people care about most has remained unchanged for years.
|By: masaccio Friday March 7, 2014 10:54 am|
Our only chance to save the middle class is to insist that the Democratic Party and any sane Republicans publicly disavow the failed theories of neoliberalism.
|By: Anti-Capitalist Meetup Sunday February 23, 2014 5:20 pm|
Flea markets, Free market: not so much a pun as a reality, that informal economies flourish with the inevitable rise and subsequent failure of so-called free-markets, first as deregulated, then as re-regulated as discussed by The Regulation School. Scale is signified here and the expansion of a gloablized economy is not so much the work of invisible or virtual hands (one thread of my research), but the aggregation of so many marginalized sectors of that economy into their own systems of exchange. Bitcoin is but one example on the capital side; bartered labor might be its polar opposite.
|By: Michelle Chen Sunday February 9, 2014 7:00 am|
Guided by the mythology of the “American dream”—the idea that, given the opportunity, the deserving will excel and rise above their peers—politicians often attribute unemployment to a mystical “skills gap.”
|By: Peter Van Buren Thursday January 23, 2014 4:15 pm|
Methland: The Death and Life of a Small American Town by Nick Reding is one scary book. It is the only book I’m aware of that understands at a fundamental level meth isn’t a drug problem, it is a symptom of our current societal and economic problems. The meth epidemic isn’t about a drug, its about the economy, and so Reding’s book is as much about the death of a way of life as the birth of a drug.
|By: xanthe Tuesday January 21, 2014 7:15 pm|
Five a.m. on a cold, dark, snowy morning — a lazy, teat-sucking SS recipient looks out her window to see another lazy American trudging down the middle of the street with a heavy backpack, walking to work. The walks aren’t shoveled, so many early birds walk in the street. I know this woman: In her fifties, probably a nurse, walking to the hospital nearby. She lives a few blocks down, so she has already walked some. We exchange greetings in other seasons when the entitlement-seeking old person is working her garden before she eases into her summertime, bonbon eating day. The lazy SS recipient is up all hours of the night, worrying about bills and the state of her homeland. Nothing much she can do about her homeland — and come to think of it, not much she’ll be able to do about her bills this month.