inequality

Obama on Globalization: A Success Story

August 7, 2018

Barack Obama’s Nelson Mandela speech praised globalization and market-based solutions for their role in lifting one billion people out of poverty. But is this true? For example, half of this poverty reduction is traceable to China’s economic growth. And inequality has only grown, as Obama even admits. Paul Jay and Heiner Flassbeck take apart Obama’s…

Should Banks Be Stripped Of Their Ability To Create Money? A Referendum in Switzerland

June 6, 2018
There is no easy monetary fix for the problems of modern capitalist economies says Jo Michell who argues that deep problems in the economy cannot be solved by trying to control the money supply while nothing is stopping the government from ensuring money gets created for good purposes, including government services and infrastructure
Average CEO Makes 339 Times More Than their Average Worker

Average CEO Makes 339 Times More Than their Average Worker

May 27, 2018

The Dodd-Frank Act of 2010 requires companies to report the CEO-Worker pay ratios; Sarah Anderson of the Institute for Policy Studies analyzes the data

‘Remember These Names’: 33 House Democrats Just Joined the GOP to Give a Major Gift to Wall Street

May 26, 2018

“This bill will enrich banking giants like Citigroup and JPMorgan Chase that are already enjoying record profits. Disgraceful.” By Jake Johnson / Common Dreams. “It is reprehensible that our Congress has abdicated this responsibility in a clear move to cater to Wall Street,” Morris Pearl, chair of Patriotic Millionaires, said in a statement on Tuesday.…

Reality Asserts Itself - Rana Foroohar

May 9, 2018
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay