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Inequality

We're All Spent and It's Not Our Fault

Lisa J. Servon | Posted 08.17.2014 | Money
Lisa J. Servon

The welfare state has been dismantled, leaving a much greater number of Americans without a safety net. And the further the public sector retreats from the provision of social services, the more the finance industry steps in to "help us" get what we need to get by.

You Can Blame Student Debt for America's Inequality and Shrinking Middle Class

Sean McElwee | Posted 08.16.2014 | Politics
Sean McElwee

There is a tendency among elite opinion makers to believe that debt accrued while gaining a college degree is "good debt" that isn't problematic. Sadly, like many pundit platitudes, this assertion is grounded in fantasy, not fact.

Capitalism for Everyone or No One

Dov Seidman | Posted 08.13.2014 | Business
Dov Seidman

Income inequality is a gravely serious issue, and it is one that is exacerbated by the current inequality in freedom. We are now witnessing the unprecedented manufacturing of 'Freedom From' in so many dimensions of society.

The Piketty Pontiff: How Pope Francis Is Bringing Catholicism Back to Its Anti-Inequality Roots

Sean McElwee | Posted 08.08.2014 | Politics
Sean McElwee

The intellectual terrain that the Catholic Church now navigates is far different from now than it was even a few short years ago. Thomas Piketty's "Capital in the 21st Century" is on the top of Amazon's best-seller lists, and Francis is on his way to becoming one of the most popular popes in history.

Being Humane and Being Fair

Howard Steven Friedman | Posted 08.08.2014 | Politics
Howard Steven Friedman

The richest and most powerful nation that the world has ever known can certainly design a social support system that is both humane and fair. The richest and most powerful nation that the world has ever seen can certainly afford to feed, house and cloth all its citizens.

The Time a Student Called Me 'Sassy'

Calee Prindle | Posted 08.05.2014 | Women
Calee Prindle

The student apologized. Did he meant it? I'm not sure. I think he is still struggling to understand the problem with the word "sassy," and that's OK for now.

Bill Moyers and Our Call to Bear Witness in a Time of Crisis

Julie Leininger Pycior | Posted 08.05.2014 | Religion
Julie Leininger Pycior

At a time when we find ourselves in near-despair over a democratic process increasingly influenced by concentrated economic power, let us heed the visionaries in our midst who offer bold alternatives.

The Costs of Inequality to the Growth of Most Households' Incomes

Jared Bernstein | Posted 08.03.2014 | Business
Jared Bernstein

Occasionally I run into people who want to argue that the increase in inequality is just the benign outcome of "just desserts" as economist Greg Mankiw frames it. It may boost those at the top, but not at the expense of others. By this metric, not so.

Big Bank Explains To Rich People How To Profit Off Inequality

The Huffington Post | Mark Gongloff | Posted 06.02.2014 | Business

On Wall Street, the debate about wealth inequality is all but over, except for finding ways to make tons of money from it. The rich are going to ke...

Why Is Capital So Much Stronger than Labor?

Jared Bernstein | Posted 08.02.2014 | Business
Jared Bernstein

I don't know the answer to these questions, but my experience as a policy wonk and economist in government has led me to believe that economics, as currently practiced, is part of the problem.

My Workers Are Better Than Your Workers

Leo W. Gerard | Posted 08.02.2014 | Business
Leo W. Gerard

The U.S. Chamber of Commerce threw a little hissy fit last week, stomping its Gucci-shod feet over a new rule requiring corporations to report the difference in pay between their median workers and their CEOs.

Thomas Piketty's Response To The Financial Times

Thomas Piketty | Posted 07.29.2014 | Business
Thomas Piketty

The main message coming from my book, Capital in the Twenty-first Century, is not that there should always be a deterministic trend toward ever rising inequality; it's that we need more democratic transparency about wealth dynamics.

The Current Economy: Green Shoots or Brown Ones?

Jared Bernstein | Posted 07.29.2014 | Politics
Jared Bernstein

I was listening to an interview with Tim Geithner this weekend, and after going through his new book, they asked him where he thought the economy was headed. "I don't believe forecasts," he said, which sounded smart to me.

The Case for Underrepresented Students at Predominately White Institutions

Ernest Owens | Posted 07.27.2014 | College
Ernest Owens

I wanted to continue the legacy of brave students of color who proved that we are just as smart and deserving, if not more, than those elite and privileged that for many years dominated these institutions.

Thomas Piketty and Capitalism Beyond the 21st Century

Harlan Green | Posted 07.26.2014 | Business
Harlan Green

Thomas Piketty's Capital in the 21st Century is about more than proving that wealth inequality built up over centuries under so-called free market capitalism, or its social democratic versions in Europe, has to be its natural state.

#YESALLWOMEN

The Huffington Post | Ed Mazza | Posted 05.27.2014 | Impact

Beyond the anger, beyond the outpouring of grief for the victims and beyond the calls for something to help stop the madness of mass shootings, Friday...

Arguing Taxes, Transfers, and Market Outcomes

Jared Bernstein | Posted 07.22.2014 | Business
Jared Bernstein

Scott Winship is one of a number of analysts who criticize Thomas Piketty's work for focusing largely on market incomes, thus leaving out the impact of taxes and transfer payments. Include those sources, these critics assert, and trends appear considerably more favorable than Piketty's data show.

The Practical Choice: Not American Capitalism or 'Welfare State Socialism' but an Economy That's Working for a Few or Many

Robert Reich | Posted 05.21.2014 | Politics
Robert Reich

For years Americans have assumed that our hard-charging capitalism is better than the soft-hearted version found in Canada and Europe. American capitalism might be a bit crueler but it generates faster growth and higher living standards overall.

Koch Cadre Billionaire Defends Nazi Comments

Nick Surgey | Posted 07.19.2014 | Politics
Nick Surgey

Ken Langone, the big-spending Home Depot Billionaire and ally of Charles and David Koch, clumsily defended his March 2014 comments comparing populist criticism of the 1 percent with the rise of Nazi Germany, in an interview with Capital New York published this week.

The Long Fight for Justice

Howard Steven Friedman | Posted 07.18.2014 | Impact
Howard Steven Friedman

In 2014, we look at many of those past inequalities as unjust, often struggling to understand why these people were denied equal rights for so long. This begs the question, what will future generations view as unjust in our current society?

The New American Dilemma

Jerome Karabel | Posted 07.16.2014 | Politics
Jerome Karabel

Americans face a genuine dilemma. If they are truly committed to equality of opportunity, then they will have to demand vigorous measures to reduce the drastic levels of inequality that now divide the nation.

Fighting Wage Theft in the Fast Food Industry

Eric T. Schneiderman | Posted 05.15.2014 | Business
Eric T. Schneiderman

Minimum-wage workers devastated by the economic crash of 2008 have continued to languish in poverty while the subsequent recovery has sent executive compensation soaring. Nowhere is the disparity starker than in the fast-food industry, which a recent report called the most unequal sector in the U.S. economy.

A Harsh Sentence for Our Communities

Eric Cooper | Posted 07.14.2014 | Black Voices
Eric Cooper

The nation seems to be recognizing a need for change regarding the policies which have resulted in an inordinate number of people of color who are inc...

Progressives Politics After Piketty: Making The Case For Managed Markets

David Coates | Posted 05.13.2014 | Politics
David Coates

A particularly fortunate or gifted individual might break away from the poverty into which he/she was born, but for the mass and generality of us, the reality is that we have to strive endlessly just to stand still.

On Minimum Wage, Follow Seattle's Lead

Keith Mestrich | Posted 07.12.2014 | Impact
Keith Mestrich

Raising the minimum wage won't solve these problems overnight, but making sure workers earn enough to get by is critical to turning the tide and strengthening our economy. And it's something we should advance in our communities today.