Tags » Financialization

Class before Trumponomics, part 3

In the second installment of this series on “class before Trumponomics,” I argued that, in recent decades, while American workers have created enormous wealth, most of the increase in that wealth has been captured by their employers and a tiny group at the top—as workers have been forced to compete with one another for new kinds of jobs, with fewer protections, at lower wages, and with less security than they once expected. 1,031 more words

‘Social Science’: Trumpism’s Collateral Damage

The shocking event that is the rise of trumpism has been by now analyzed widely. Most focus on the appeal of Donald Trump to those in the United States who for one another reason or another feel left behind, wish to retrieve an earlier, lost, social order, and rebuke establishment politicians who they feel do not serve their interests. 1,157 more words

Irrational Exuberance Can Be Managed Better With The Tax Code

In a recent article, “How Trump Happened” by economics Prof. Joseph E. Stiglitz,  he wrote: we need to rewrite the rules of the economy once again. 1,689 more words

Financialization

The Law of Amazon's Jungle

by Ribbit

(I wrote this piece many months ago, but laid it aside out of frustration with its structure and tone.  In the wake of Trump’s election, however, I find there are themes here that may be relevant to our current plight, even if those themes are somewhat poorly expressed. 1,412 more words

Ribbit

Requiem for the American Dream (4)

The third principle of the concentration of wealth and power is “Redesign the Economy,” i.e., use your political influence to change the rules of the economic system, so that it favors the already advantaged class in new and more powerful ways. 2,470 more words

Economy/Society

Five charts that explain who gets hit hardest by food price rises

http://www.theguardian.com/sustainable-business/2016/jun/15/five-charts-food-prices-rises-africa-asia-hit-hardest?CMP=ema-1706&CMP=

Five charts that explain who gets hit hardest by food price rises

by Tom Levitt, theguardian.com

June 15

Benin, Mozambique and Nepal are among countries most exposed to climate change, water scarcity and food price volatility… 609 more words

Food System

Reading List: Mainstream Papers on the Size of the Financial Sector

These days, there’s no shortage of people criticizing the financial sector for being too large and too powerful, but economically and politically. I think most of these criticisms are accurate, but there’s no denying that it’s an area that tends to raise a lot of hackles, and that there are plenty of writers with an ideological axe to grind. 131 more words

Financialization