Our previous national focus on economic inequality is being drowned out, at least temporarily, by incessant calls for boots on the ground, no-fly zones, embargoing Syrian refugees and demands for increased surveillance -- the stuff of which the right thrives upon. Will the Sanders campaign also become a casualty of the ISIS assaults?
Employers and their Wall Street backers have developed sophisticated legal ways to remove dollars that should be in our paychecks. And not just a few dollars, but about half of what we've earned. To explose this hidden larceny, we need to understand the concept of productivity and how we measure it in our economy.
This widely reported "official" number overlooks the millions of people unemployed for more than a year, nor does it count those who are working part-time and looking for full-time work. The Department of Labor monthly report which includes people working part-time and looking for full-time work shows the real rate of unemployment.
Well, that was entertaining, wasn't it? We refer, of course, to the grand spectacle of the first Republican presidential debates, held last night on Fox News. Since this is all anyone's talking about in the political world today, we are going to follow suit and devote most of this column to our reactions.
Venture capitalism has a disproportionate impact on the economy. It helps to ensure that technological innovation enriches the few and sustains jobless economic growth. Industrial policy in the hands of the government ideally creates wealth and spreads it around. Venture capitalists pick a handful of winners as part of a process of concentrating wealth in fewer and fewer hands.