Finance

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Posts tagged "The destruction of the middle class"

New York Times Yet Again Demonstrates Its Fealty to the 1%

I got a message from a regular reader:

Big Employers Extorting States, Pocketing Employee Income Tax Withholding

Wonder why states are broke? It isn't just the global financial crisis induced knock-on effects of a plunge in tax receipts and a rise in social safety net payments. Nor is it just pension fund time bombs (note that despite the press hysteria, the problem is unmanageable only in a comparatively small number of states,...

Big Employers Extorting States, Pocketing Employee Income Tax Withholding

Wonder why states are broke? It isn't just the global financial crisis induced knock-on effects of a plunge in tax receipts and a rise in social safety net payments. Nor is it just pension fund time bombs (note that despite the press hysteria, the problem is unmanageable only in a comparatively small number of states,...

Occupy Wall Street Sues New York City, JP Morgan #OWS

One of the continuing and largely unrecognized aspects of the ongoing media coverage of Occupy Wall Street is that police brutality and lesser abuses have been airbrushed out.

Jamie Galbraith on Changes in Finance as the Driver of Inequality

I'm working my way around to the INET talks that I missed, and this one by Jamie Galbraith is very much worth viewing. It takes a while to build up steam, so be patient. Galbraith has marshaled a great deal of cross country data over time, and shows how changes in equality happened in a...

The Trust Deficit

This weekend, the National Journal published, "In Nothing We Trust," using Muncie, Indiana to illustrate the distrust that is eating away at the American social fabric.

Michael Hudson: Productivity, The Miracle of Compound Interest, and Poverty

Suppose you were alive back in 1945 and were told about all the new technology that would be invented between then and now: the computers and internet, mobile phones and other consumer electronics, faster and cheaper air travel, super trains and even outer space exploration, higher gas mileage on the ground, plastics, medical breakthroughs and...

Jamie Galbraith on Inequality and Instability

Real News Network interviewed Jamie Galbraith on his new book, Inequality and Instability, in which he argues the two phenomena are linked.

Three Corporate Myths that Threaten the Wealth of the Nation

Corporations are not working for the 99%. But this wasn’t always the case. In a special 5-part AlterNet series, William Lazonick, professor at UMass, president of the Academic-Industry Research Network, and one of the leading expert on the American corporation, along with journalist Ken Jacobson and AlterNet’s Lynn Parramore, will examine the foundations, history,...

Finance as Wealth Transfer Mechanism: An Interview with James Galbraith

James Kenneth Galbraith is currently a professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin. He is also a Senior Scholar with the Levy Economics Institute of Bard College. His latest book is ‘Inequality and Instability: A Study of the World Economy...

Ken Jacobson: Whose Corporations? Our Corporations!

Corporations are not working for the 99 percent. But this wasn’t always the case. In a special five-part series, William Lazonick, professor at UMass, president of the Academic-Industry Research Network, and a leading expert on the business corporation, along with journalist Ken Jacobson and AlterNet’s Lynn Parramore, will examine the...

William Lazonick: How High CEO Pay Hurts the 99 Percent

Corporations are not working for the 99 percent. But this wasn’t always the case. In a special five-part series, William Lazonick, professor at UMass, president of the Academic-Industry Research Network, and a leading expert on the business corporation, along with journalist Ken Jacobson and AlterNet’s Lynn Parramore, will examine the foundations, history and purpose of...