Here’s the trailer for the new film “Inequality of All,” featuring Robert Reich:
Read more about the film and the facts behind it here.
What are CDOs (collateralized debt obligations), anyway? Paddy Hirsch of Marketplace explains how financial institutions used them to build the house of cards that came tumbling down five years ago and plunged the world into the worst economic crisis since the Great Depression.
Check out this new research on the psychology of privilege and greed (or what some economists dub “rational behavior”):
Source: PBS News Hour.
A primer on the defects of GDP as a measure of economic well-being, from Econ4’s James Boyce:
Source: The Real News Network.
Econ4’s James Boyce on how to translate good principles into good practice:
Stephen Colbert skewers the Harvard economists whose flawed research underpins austerity politics:
Check out Colbert’s interview with UMass-Amherst economics graduate student Thomas Herndon, who showed that austerity’s emperors have no clothes:
The world’s richest 300 people have as much wealth as the poorest 3 billion:
Check out the differences between (i) what 9 out of 10 Americans think is the ideal degree of wealth inequality; (ii) what they think wealth inequality really is; and (iii) what it really is.
Source: New Economics Institute.
The fiscal cliff deal was a “crony capitalist blowout,” in the words of the Wall Street Journal. Bill Moyers explains why: