We round up news stories from the last 24 hours, including items about Saudi Arabia, Syria, African drug wars, Greek euro exit, too big to fail, income distribution, airline fees, Wall Street looting, Kochs, American decline, Michele Bachmann, and more.
|By: Dean Baker Monday July 9, 2012 9:55 am|
Thomas Edsall devoted his blogpost today to several economists who claim that the upward redistribution we have seen over the last three decades is a result of revolutions in technology and that it will be difficult to reverse this development. In fact much of this economic analysis is quite sloppy, and it is easy to show that many of the factors leading to upward redistribution had nothing to do with technology.
|By: Attaturk Wednesday June 15, 2011 1:00 am|
The Wisconsin Supreme court sticks it to the poor and middle class while statistics show it is more than a trend, it’s a feature of the new gilded age.
|By: David Callahan Sunday February 27, 2011 2:01 pm|
One of the maddening riddles of American life is why a country with an egalitarian ethos and the world’s oldest democratic system could allow itself to become a grossly unequal land of haves and have nots in recent decades – a society with a pattern of income distribution now closer to that of Brazil than, say, Germany.
Look no further for an answer to the riddle. This alarming new book by Jacob Hacker and Paul Pierson offers up perhaps the best explanation so far of how the U.S. got on the path to plutocracy.
|By: June Carbone Sunday November 7, 2010 1:59 pm|
As the economy fails to improve, as we chart the rise of the Tea Party and the Republican Party’s ability to express disdain for unemployment benefits without significant political cost, Americans lack a roadmap for the role of class and gender in the new American landscape. Joan Williams’ book, Reshaping the Work-Family Debate: Why Men and Class Matter (Harvard 2010), supplies that roadmap. The book creates an innovative framework for examining the relationship between law, work and family in the post-industrial economy.