Browsing articles tagged with " inequality"
Mar 17, 2018

An economic Bill of Rights

It’s time to revive an idea floated by Franklin D. Roosevelt, write Mark Paul, Sandy Darity and Darrick Hamilton in the American Prospect:

Many may question in this time of “resistance,” if this is the right time to fight for an expansion of economics rights, but no one wins anything of consequence by simply playing defense.

Read more here.

Jan 13, 2018

Why equity-minded foundations are losing the war

In a thought-provoking analysis of the failure of equity-oriented foundations to reverse widening inequality, David Callahan of Inside Philanthropy writes:

Over the past few years, many foundations have put equity front and center in their work….

But guess what? Here in early 2018, economic stratification only seems to be getting worse in America. A new tax law just went into effect that economists say will increase inequality and likely lead to cuts in government safety net programs down the line. And around the U.S., governors and state legislatures are engaged in their own efforts to shift wealth upwards and cut social programs. Meanwhile, even as unemployment drops to near-record lows, millions of working Americans still can’t make ends meet, while the top 1 percent—which owns half of all stocks and mutual funds—grow ever richer from a historic bull market. In many gentrifying cities, boom times have made it harder for low-income households to get by, not easier, by driving up housing prices. And the only thing rising faster than housing prices, it seems, are healthcare premiums and college tuition.

In short, those funders working for equity and against inequality are getting their butts kicked. Why is that?

… here, in a nutshell, is why grantmaker efforts tend to yield so little success: Because equity-minded foundations keep failing to zero in on the all-important sphere of political economy. Inequality mainly stems from how the U.S. economy works and, critically, the range of public policies and power arrangements that govern economic life. Yet, instead of focusing laser-like on this fundamental reality, funders embrace overly diffuse, often localized strategies that yield few larger systemic gains. They win battles here and there, while losing the war.

Read more here.

Jan 11, 2018

Economic theory of relativity

Writing in the New Yorker, Elizabeth Kolbert describes recent research on the human aversion to inequality:

As any parent knows, children watch carefully when goodies are divvied up. A few years ago, a team of psychologists set out to study how kids too young to wield the word “unfair” would respond to unfairness. They recruited a bunch of preschoolers and grouped them in pairs. The children were offered some blocks to play with and then, after a while, were asked to put them away. As a reward for tidying up, the kids were given stickers. No matter how much each child had contributed to the cleanup effort, one received four stickers and the other two. According to the Centers for Disease Control and Prevention, children shouldn’t be expected to grasp the idea of counting before the age of four. But even three-year-olds seemed to understand when they’d been screwed. Most of the two-sticker recipients looked enviously at the holdings of their partners. Some said they wanted more. A number of the four-sticker recipients also seemed dismayed by the distribution, or perhaps by their partners’ protests, and handed over some of their winnings. “We can . . . be confident that these actions were guided by an understanding of equality, because in all cases they offered one and only one sticker, which made the outcomes equal,” the researchers reported. The results, they concluded, show that “the emotional response to unfairness emerges very early.”

Read more here.

Jan 7, 2018

Union made

It ain’t rocket science, folks:

Dec 31, 2017

Trickle up

From the new World Inequality Report:

Income shares of the top 1% versus bottom 50% in the United States

Read all about it here.

Nov 12, 2017

Land of opportunity?

From a new report on wealth inequality in America:

The three wealthiest people in the United States — Bill Gates, Jeff Bezos, and Warren Buffett — now own more wealth than the entire bottom half of the American population combined, a total of 160 million people or 63 million households.

Read it here.

Nov 8, 2017

Shares of the 1 percent

Check out the graphics at the World Wealth & Income Database:


Jul 26, 2017

Unnatural disasters

Disasters are not like rain that impartially falls on everyone beneath the cloud. Instead vulnerability is shaped by class, race, ethnicity and gender. Check out this trailer for a powerful new documentary:


Jul 23, 2017

Moral equality – and immoral inequality

From Robert Reich’s review of two new books about the perils of concentrated wealth & power:

The greatest threat to Western liberal democracies in the future is more likely to come from extreme inequality than from Islamic extremism. This is because inequality erodes two foundation stones of modern society — openness to new ideas and opportunities, and a conviction that all citizens are morally equal.

Read more here.

Jul 4, 2017


Bernie Sanders offers an analysis of why Trump came to be president, and where we go from here:

I’m often asked by the media and others: How did it come about that Donald Trump, the most unpopular presidential candidate in the modern history of our country, won the election? And my answer is—and my answer is that Trump didn’t win the election; the Democratic Party lost the election.

Read his speech here.