Some, like Ray Dalio, argue that the rise of populism has become the biggest threat to the markets. Many agree, populists very much included, that a rise in inequality and stagnating wages have been the main impetus for that rise. Where views differ is what has caused that and who have been the main beneficiaries. […]
Addressing The Right Problem, Blaming The Wrong Elite
February 8th, 2017 · Comments Off on Addressing The Right Problem, Blaming The Wrong Elite
Tags: Corporate governance · Politics
The Top 20% Of US Earners Pay For All Transfer And Government
January 18th, 2015 · Comments Off on The Top 20% Of US Earners Pay For All Transfer And Government
The bottom 60% of the US income distribution receives more in transfer payments than it pays in taxes. The top 20% pay for virtually all government and transfer payments, testifying to great “government inequality”. Yet, a relevant question is which has a greater economic impact, “government inequality” or market inequality? The Top 20% Of US […]
Tags: Inequality
Envy Has Got Nothing To Do With It
November 26th, 2014 · Comments Off on Envy Has Got Nothing To Do With It
Evidence is mounting that rising inequality is producing negative economic effects. These effects range from producing insufficient demand, financial instability, a decline in societal cohesion, trust and upward mobility. Those who are worried by these developments are not necessarily motivated by envy, nor do they want to abolish capitalism. What is necessary is a dispassionate […]
Tags: Inequality
Rising inequality destroys the economy
June 9th, 2013 · Comments Off on Rising inequality destroys the economy
I earn 1000 times the median wage, but I do not buy 1000 times as much stuff. My family owns three cars, not 3,000. I buy a few pairs of pants and a few shirts a year, just like most American men. Nick Hanauer via Rising inequality destroys the economy.
Tags: Economics · Inequality
Rising Inequality and the Financial Crisis Revisited
February 5th, 2013 · Comments Off on Rising Inequality and the Financial Crisis Revisited
Debate among the big beasts..
Tags: Financial crisis · Inequality
First the IMF, now Greenspan
February 3rd, 2011 · Comments Off on First the IMF, now Greenspan
The economic and social ills produced by rising inequality..
Tags: Reform Capitalism
IMF warns for dire consequences of rising inequality
February 2nd, 2011 · Comments Off on IMF warns for dire consequences of rising inequality
Civil wars, derailing economic recovery, wow…
Tags: Reform Capitalism