Is it the job of members of Congress to serve the interests of their corporate pay masters or to support the working class of 30 million Americans whose wages have failed to keep up with inflation as corporate profits and bosses pay have soared?
Now that we're having a serious conversation about capitalism, we can also have a conversation about solutions. Along with calling out flaws of capitalism, I'm proposing four solutions that would fix the most glaring problems in capitalism and blaze a new path forward for the next generation.
Thomas Piketty's new book on the history and future of capitalism is a bold attempt to pick up where Marx left off and correct what he got wrong. While there is much that is useful in this lengthy and well-written book, it owes too much to the master, and not in a good way.
About half of Americans read the Bible on their own, and four in five people who read it as part of their personal lives open it at least once a month.
It took a mandatory Securities and Exchange Commission filing, but McDonald's appears to have finally acknowledged the obvious in its recently-issued 2013 annual report: it may have to pay its workers more money.
Do you recall a time in America when the income of a single school teacher or baker or salesman or mechanic was enough to buy a home, have two cars, and raise a family? I remember.
Martin Feldstein has long been one of the country's top conservative economists. He has been an economics professor at Harvard University since 1967. He was president of the National Bureau of Economic Research (NBER) from 1977 to 2008.
Immediately upon entering adulthood, Americans are forced to compete for increasingly-scarce employment. The purpose of most employment isn't to create value for society or future generations, but to create profits for a scant few executives and shareholders.
Politicians have been talking about income inequality and upward mobility for the last two months. Unfortunately, their sound bites confuse the issues more than they clarify them.
The decline in America's middle class is a threat to our economy because our economy is consumer driven. If consumers lose purchasing power, our economy suffers.
Stevon Cook, 28, a candidate for the San Francisco Board of Education election on November 4, took some time to talk with me about the crucial debate in education over how to help failing schools, along with other issues prominent in the campaign.
We can learn a lot from what they're doing in Pittsburgh. UPMC is hardly alone -- across the country, big corporations are raking in record profits and paying poverty wages.
In King's faith-based Democratic Socialist idea and in his thoroughly humane vision of the Beloved Community that would embody it, there indeed is 'nothing which all cannot have their counterpart of on equal terms.'
This is a failure of both politics and policy. Democrats in Congress and in the White House have been unable to propose laws or legislate effectively in a way that will ameliorate income and wealth disparities and the corrosive effect they have on our system.
The problems of inequality and urban displacement of working families in New York City is a microcosm of the problems that have transformed cities across the nation.
Along with former Senator Alan Simpson, Erskine Bowles has become known to much of the public as the co-chair of President Obama's deficit commission. The two of them produced a report that is viewed by many in the media and leading Democrats in Congress as providing the basis for a "Grand Bargain" on a long-term deficit reduction package.