Blog #91: Explaining the Election in 10 sentences – preliminary


Explaining the election (in parentheses: to pursue): 1. A critical shift in the organization of the economy post 1968, from industrial to hi-tech capitalism (occupational structures?). 2. Leaving many dependent on the old economy hurt and at a loss, largely the white working class, hold-over racism and sexism accentuated as scapegoats. (foreclosures, evictions, bankruptcies, struggling […]

Blog #49 Picketty, Leonhardt, and Market Economics


  Blog #49 draft Picketty, Leonhardt, and Market Economics David Leonhardt writes: “What is it about market economies that typically causes the assets and incomes of the rich to rise more rapidly than those of everyone else?”[1] Picketty’s First Law of Inequality explains some – they accrue capital, invest, it,and benefit from the return on […]

Blog #48 – Writing About Inequality


To the Editor, The New York Times, (re: Changed Life of the Poor: Better Off,but Far Behind”.. (Front page, May 1, 2014)  A researcher is quoted as saying: “the poor are better off than they were… but they have also drifted further away.” “Drifted away,” indeed! The story says: “…the poor have fallen further behind.” […]

Blog #47: Anti-Poverty Measures Alone Won’t Do


It’s good that the Nation[1] calls attention to shameful way in which our economy exploits the poor and how inadequately our government responds to the problem. But calling the problem “poverty” focuses on just half of the problem. It accepts the idea that the poor are responsible for their own problems, and government needs simply […]

Blog # 45 – Consensus on Inequality Unlikely


Consensus on Inequality Unlikely It’s good to call attention to the shameful way in which our economy exploits the poor and how inadequately our government responds to the problem.[1] But calling the problem “poverty” focuses on just half of the problem. It accepts the idea that the poor are responsible for their own problems, and […]