Tag Archives: economic inequality

Free Market Fundamentalism: Top Ten Failings

Like any fundamentalism, Free Market Fundamentalism is necessarily involved in a profound denial of many aspects of reality. What is worse for us all, is that since around 1980 we have been all involved in a massive experiment to see … Continue reading

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The Rich, the Camel and the Eye of the Needle

I liked this piece from Susan Feiner in today’s Real World Economics, a great source of reality based economics that is trying to undo the Chicago School madness of recent decades. See http://rwer.wordpress.com/2012/07/17/and-the-rich-get-richer/ A camel and a rich man walked into … Continue reading

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Social Power and Morality by Michael Lewis via Dan Ariely

I like the work of Dan Ariely and also of Michael Lewis and so this story really appealed to me as it shows in a social psychology experiment how our self appointed elite feels entitled to simply take a disproportionate … Continue reading

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The Chart that Scares the 1% the Most by Tyler Durden

I really liked this article and chart by Tyler Durden from Real World Economics at http://rwer.wordpress.com/2012/06/21/the-chart-that-scares-the-1-the-most/ It shows the correlation between the economy and how many people have to be put in jail to keep a lid on things in … Continue reading

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Time to Retake Politics from the One Percent of Both US Political Parties

Another great post by Dean Baker on Real World Economics, asking some good questions about the 1%. See http://rwer.wordpress.com/2011/11/29/time-to-retake-politics-from-the-one-percent-in-both-political-parties/ The country is still celebrating the inability of the supercommittee to cut Social Security and Medicare, but it is important to move … Continue reading

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Occupy the Agenda

Great piece by Nicholas Kristoff in today’s New York Times YOU have to wonder: Could Mayor Michael Bloomberg and police chiefs around the country be secretly backing the Occupy Wall Street movement? Damon Winter/The New York Times The Occupy protests … Continue reading

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Map of European Income Inequality

Differences in income inequality always fascinate me. I grew up in a society with a Gini Index of .25 (UK in the 1950s) and now live in one with a Gini Index of .46 (current USA compared with .38 in … Continue reading

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