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Joseph Stiglitz – “American Inequality Didn’t Just Happen…It Was Created.”
Joseph Stiglitz – “American Inequality Didn’t Just Happen…It Was Created.” Yesterday, I came across an excerpt from a book written by economist Joseph Stiglitz, which touched upon many crucial points regarding the U.S. economy. I think it’s an important read since it helps explain the roots of the current rebellion taking place within the political […]
Central Bank Economists: Bad Central Bank Policy Is INCREASING Inequality
Central Bank Economists: Bad Central Bank Policy Is INCREASING Inequality While the leaders of the Fed and other central banks claim that their extraordinary monetary policies haven’t significantly increased inequality, economists with the world’s most prestigious financial agency, the Bank of International Settlements – known as “the Central Banks’ Central Bank” – just released a report showing otherwise. BIS notes: Our simulation suggests that […]
2016 Theme #5: The Systemic Failure of High Finance
2016 Theme #5: The Systemic Failure of High Finance This week I am addressing themes I see playing out in 2016. A number of systemic, structural forces are intersecting in 2016. One is the failure of high finance to fix the global economy’s systemic problems. The operative conceit of the past 7 years has been […]
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing The only real solution in my view is to create and distribute money at the base of the pyramid rather than to those in the top of the pyramid. Many well-intended people want to reform the status quo for all sorts […]
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing
If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing The only real solution in my view is to create and distribute money at the base of the pyramid rather than to those in the top of the pyramid. Many well-intended people want to reform the status quo for all sorts […]
TPP a Gift to Plutocrats? Canada’s Trade Minister Wrote the Book on Them
TPP a Gift to Plutocrats? Canada’s Trade Minister Wrote the Book on Them As journalist, Chrystia Freeland chronicled global wealth dividers. Chrystia Freeland’s financial journalist credentials made her a star candidate for the Liberals. Photo: Joseph Morris. Creative commons licensed. Canada’s new trade minister has sitting on her desk the sweeping Trans-Pacific Partnership, a deal some […]
Have We Hit Peak Inequality?
Have We Hit Peak Inequality? These 400 billionaires are wealthier than 190 million of their fellow Americans. When should we be alarmed about so much wealth in so few hands? The Great Recession and its anemic recovery only deepened the economic inequality that’s drawn so much attention in its wake. Nearly all wealth and income […]
Joseph Stiglitz on Canada’s Housing Inequality: ‘It’s Very Disturbing’
Joseph Stiglitz on Canada’s Housing Inequality: ‘It’s Very Disturbing’ Ex-World Bank top economist talks unaffordability, the TPP, and being a fiscal ‘black sheep.’ Joseph Stiglitz, winner of the Nobel Memorial Prize in Economic Sciences, is the third-most cited economist in the world, according to Research Papers in Economics. Photo by David P. Ball. Skyrocketing housing […]
If We Don’t Change the Way Money Is Created and Distributed, Rising Inequality Will Trigger Social Disorder
If We Don’t Change the Way Money Is Created and Distributed, Rising Inequality Will Trigger Social Disorder Centrally issued money optimizes inequality, monopoly, cronyism, stagnation, low social mobility and systemic instability. If we don’t change the way money is created and distributed, wealth inequality will widen to the point of social disorder. Everyone who wants […]
Why Is Wealth/Income Inequality Soaring?
Why Is Wealth/Income Inequality Soaring? If conventional labor and finance capital have lost their scarcity value, then the era in which financialization reaped big profits is ending. Why is wealth/income inequality soaring? The easy answer is of course the infinite greed of Wall Street fat-cats and the politicos they buy/own. But greed can’t be the only […]
The Real Trouble Begins When Rising Inequality Splinters the Elites
The Real Trouble Begins When Rising Inequality Splinters the Elites If others in our class are still rising while we’re stagnating, we sense a great disturbance in the financial and political Force. Rising economic inequality tends to generate political instability for all the obvious reasons: the rich get richer, the poor get poorer, the rich say let […]
Thousands reject the extractivist logic at the World Bank-IMF meeting in Peru
Thousands reject the extractivist logic at the World Bank-IMF meeting in Peru The annual governors’ meeting of the International Monetary Fund and the World Bank opened on October 5 in Peru’s capital city. In the meeting, an estimated 800 representatives from 188 countries were negotiating the shape of the world’s soon-to-be renovated finance infrastructure. While […]
Half of world’s wealth now in hands of 1% of population – report
Half of world’s wealth now in hands of 1% of population – report Inequality growing globally and in the UK, which has third most ‘ultra-high net worth individuals’, household wealth study finds Global inequality is growing, with half the world’s wealth now in the hands of just 1% of the population, according to a new […]
When the Aristocracy Leaves the Commoners in the Dust, The Empire Is Doomed
When the Aristocracy Leaves the Commoners in the Dust, The Empire Is Doomed We all know the barriers between the commoners and the Elite rise higher every year, despite the claims of the corporate media and the Power Elite aristocracy. Historian Peter Turchin identified “the degree of solidarity felt between the commons and aristocracy” as […]
Teaching economics for the 21st century
Teaching economics for the 21st century In the economics classroom here at Schumacher College https://www.schumachercollege.org.uk/courses/postgraduate-courses/economics-for-transition, we are drawing on the thinking of Otto Scharmer https://www.presencing.com/ego-to-eco/3-divides(link is external), exploring the three great divides that characterise the times in which we live: separation of self from self (spiritual/cultural alienation); self from others (social divide); and self from the more-than-human […]
