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Class Based Economics

Buried somewhere in the pile of stuff I have accumulated as I think about inequality are these statistics: Of all the income generated between 2009 and 2011 in the US 121% went to the top 1% of income earners The top 1% owns just over half of all investment assets including 64.4% of all bonds […]

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Score Two For The Plutocrats

Wow. What a week for the plutocrats. First we were given the latest Paul Ryan budget which, predictably, reached its targeted balance by crushing social spending programs like food stamps and Medicaid. Then, today, we we told of the Supreme Couret’s decision to strike down all limits on personal political campaign donations, thus opening the […]

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Quote of the Day #6: Reformist Economics

“… the act of judgement that leads scientists to reject a previously accepted theory is always based upon more than a comparison of that theory with the world. The decision to reject one paradigm is always the decision to accept another, and the judgement leading to that decision involves the comparison of both paradigms with […]

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