In the not-so-distant past China was a country that struggled to feed its own people. An estimated 20 to 45 million Chinese died of starvation between 1958 and 1962. China’s population today is over 1.3 billion, more than four times the population of the United States. The challenges China faces in moving from a developing to a developed nation are unique and daunting, made even more difficult under the scrutiny of a globally connected modern world.
|By: Kevin Grandia Saturday December 8, 2012 1:59 pm|
|By: Sarah Jaffe Saturday November 17, 2012 1:59 pm|
A year ago this week, the original Occupy Wall Street camp in Zuccotti Park was evicted. The camps served as a focal point for a vibrant protest movement that shook up the country, but they galvanized the anger and fear of working people around the country, struggling to make it through the Great Recession.
The mainstream press often did its best to portray the movement as simply a bunch of unwashed kids without a message, without demands. Yet if one ever doubted that the movement’s message got through, the collection of letters in The Trouble is the Banks, from Occupy the Boardroom and n+1 serves as proof.
|By: David Seaton Saturday September 8, 2012 5:20 pm|
It seems that the Democrats have had the modicum of mother wit to make the middle class the framework and theme of their 2012 campaign. We know that the Democrats can’t really walk the walk, but it is nice to hear somebody at least talk the talk for a change. For the sad truth is that the American middle class is on its way to join the buggy whip and whalebone corsets as a charming relic of America’s past.
|By: David Dayen Friday September 7, 2012 1:10 pm|
The Clintonian response to this would be that a rising tide lifts all boats. Grow the economy and you reduce poverty. That’s how it worked in the 1990s. And that’s true to an extent. But the moral crime of rampant hunger, along with rampant inequality (which skyrocketed in the 1990s, by the way), shouldn’t be predicated on what kind of economy we have. There’s no time where it’s “appropriate” for mass hunger.
|By: David Dayen Thursday September 6, 2012 7:28 am|
It’s hard not to get blinded by the searing light of Bill Clinton. But Elizabeth Warren gave the speech that spoke more to me last night. Strip away the reason all these speeches are happening – support for the President – and the stories that Warren and Clinton told were a little different. Clinton told a story of Democratic policy ideas building a foundation for growth, and creating opportunity, and bringing back shared prosperity. He added an important moral component that “poverty, discrimination and ignorance restrict growth.”
Warren told the truth. “The game is rigged,” she said, and then she explained how.
|By: Lee Saunders Sunday September 2, 2012 6:00 pm|
Labor Day 2012 comes at a turning point in American history. At a time when the wealthiest have prospered beyond the wildest of dreams, the vast majority of working Americans struggle to make ends meet. Millions have seen their incomes flatten, their jobs outsourced, and their hopes for retirement security put on hold, if not quashed completely. At the same time, Wall Street and the politicians who conspire with them have worked overtime to destroy the ability of American workers to join unions and bargain collectively for better wages and benefits.
|By: dakine01 Saturday August 25, 2012 1:00 pm|
With recoveries like this one, who needs recessions?
The average household income has fallen steadily for nearly everyone since the start of the economic expansion in June 2009, with average income dropping 4.8 percent in the three years since the upturn began, according to a report released Thursday.
|By: David Dayen Thursday August 23, 2012 3:40 pm|
The great middle class, the group lauded in campaign ads by every politician in the country, is wasting away according to a Pew study. Using the broadest possible figures (between 67% and 200% of the national median income), the study shows that the middle class has declined to a bare majority of the population. Furthermore, those remaining in the middle class have suffered the worst decade in post-war history.
|By: Jon Walker Friday May 25, 2012 11:06 am|
Mitt Romney is firmly viewed as the candidate of the rich and not the middle class according to a new Washington Post/ABC News poll. A remarkable 65 percent think Romney would do the most to advance the economic interests of the wealthiest Americans. In comparison, less than a quarter of voters think President Obama would do the most to help enrich those already very wealthy.