Class Based Economics

Published on Real-World Economics Review Blog, by Peter Radford, April 16, 2014.

Buried somewhere in the pile of stuff I have accumulated as I think about inequality are these statistics:

  • Of all the income generated between 2009 and 2011 in the US 121% went to the top 1% of income earners
  • The top 1% owns just over half of all investment assets including 64.4% of all bonds
  • And, the bottom 90% incurs 72.5% of all debt

Think through the consequences of these numbers.   Continuer la lecture de « Class Based Economics »

Karunesh

G. William Domhoff

Videos:

Three Expensive Milliseconds

Published on NYTimes, by Paul Krugman, April 13, 2014.

Four years ago Chris Christie, the governor of New Jersey, abruptly canceled America’s biggest and arguably most important infrastructure project, a desperately needed new rail tunnel under the Hudson River. Count me among those who blame his presidential ambitions, and believe that he was trying to curry favor with the government- and public-transit-hating Republican base.   Continuer la lecture de « Three Expensive Milliseconds »

The Global Banking Game Is Rigged, and the FDIC Is Suing

Published on Dissident Voice, by Ellen Hodgson Brown, April 13, 2014.

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it … //

… The Largest Cartel in World History:   Continuer la lecture de « The Global Banking Game Is Rigged, and the FDIC Is Suing »