Joseph Stiglitz on "The Price of Inequality: How Today’s Divided Society Endangers Our Future" This is a rush transcript.
Copy may not be in its final form. NERMEEN SHAIKH: We turn now to an issue that’s gained increasing prominence in the last year: increasing inequality in the United States and the divide between the richest 1 percent and the rest of the country. Bloomberg News reported Tuesday that pay for the top CEOs on Wall Street increased by over 20 percent last year. The article is based on analysis of data reported to the Securities and Exchange Commission and finds that the substantial rise comes after a 26 percent jump in CEO salaries in 2010. Meanwhile, census data shows nearly one in two Americans, or 150 million people, have fallen into poverty or could be classified as low-income. AMY GOODMAN: Well, our next guest has helped to popularize the expression "the 1 percent" and brought to light the causes behind increasing inequality in the United States.
Middleclass_growth.pdf. Congressional Budget Office defends stimulus. Did the stimulus work?
Certainly not according to Republicans, who regularly blast President Obama’s “failed” economic policies on the campaign trail. GOP presidential candidate Mitt Romney has called the $787 billion package of temporary tax cuts and spending hikes “the largest one-time careless expenditure of government money in American history.” Forget About Income Inequality. This article is part of What to Do about Inequality, a Boston Review forum on correcting gross inequities in pre-tax income Reading David Grusky’s essay is a strange experience: with the wrong diagnosis, he gets half of the right cure.
Grusky maintains that the central problem confronting America is income inequality. Private Debt – Not Government Debt – Will Destroy America. (Photo: SeniroLiving.org)There are two kinds of debt.
One that’s relatively harmless. And one that can destroy us all. There’s public sector debt – or government debt – which is over $16 trillion. In-Crowd Economics: It's Hip to Fear the Deficit. A worker at the Globe Manufacturing plant in Pittsfield, New Hampshire, sewing gear for firefighters last year.
(Photo: Evan McGlinn / The New York Times) Show This To Anyone That Believes That “Things Are Getting Better” In America. How can anyone not see that the U.S. economy is collapsing all around us?
It just astounds me when people try to tell me that "everything is just fine" and that "things are getting better" in America. Are there people out there that are really that blind? If you want to see the economic collapse, just open up your eyes and look around you. By almost every economic and financial measure, the U.S. economy has been steadily declining for many years. Solve the Real Problems - Poverty Retirement and Health Insecurity - and the Economy Will Recover. (Photo: Jim Fischer / Flickr)The bipartisans in Washington are currently focused on Social Security and Medicare - not to improve health care and retirement, but to cut them.
There is constant, exaggerated "sky is falling" deficit commentary about purported out-of-control spending caused by these programs, while the real twin crises of poverty retirement and health insecurity are ignored. Popular solutions to these crises exist that would strengthen Social Security and Medicare and spur economic recovery. Facts You Are Not Being Told About Retirement and Health Care. System Innovation and a New ‘Great Transformation’: Re-embedding Economic Life in the Context of ‘De-Growth’ Introduction.
We need an Outquisition. Innovations: Technology, Governance, Globalization. Philip E.
Auerswald and Iqbal Z. Quadir, Editors Innovations is about entrepreneurial solutions to global challenges. The journal features cases authored by exceptional innovators; commentary and research from leading academics; and essays from globally recognized executives and political leaders. Six Operational Advantages of Worker Cooperatives. I am concerned that the economic advantages of organizing businesses as worker cooperatives are often forgotten, while idealistic goals often become the sole focus and motivation. Given the advantages available, worker cooperatives can be as competitive, if not more so, than any other type of business.
What follows is an outline of these economic advantages. 1. Worker cooperatives can create jobs. The Caring Capitalist - Brazil. Crossroads: Labor Pains of a New Worldview. A new documentary exploring the depths of the current human condition and the emergence of a worldview that is recreating our world from the inside out.
Weaving together insights and findings from biology, psychology, network science, systems science, business, culture and media, the film reveals the inner workings of the human experience in the 21st century, urging viewers to step out of the box and challenge their own assumptions about who we really are, and why we do what we do. “The saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom.” -Isaac Asimov. Peer-to-peer rental: The rise of the sharing economy. LAST night 40,000 people rented accommodation from a service that offers 250,000 rooms in 30,000 cities in 192 countries.
They chose their rooms and paid for everything online. But their beds were provided by private individuals, rather than a hotel chain. Hosts and guests were matched up by Airbnb, a firm based in San Francisco. Since its launch in 2008 more than 4m people have used it—2.5m of them in 2012 alone. It is the most prominent example of a huge new “sharing economy”, in which people rent beds, cars, boats and other assets directly from each other, co-ordinated via the internet. From consumption to production, here comes the collaborative economy. Internet is now shaping the real, material goods economy. Welcome to the era of Internet 3.0: a collaborative life, an age where access trumps ownership, an age where openness becomes the norm.
Collaborative Fund. Who needs a bank? Peer-to-peer lending boom could make banks obsolete - Business News - Business. The rise of peer-to-peer lenders such as Zopa and Funding Circle – which directly match up firms in need of cash with investors – and so-called crowd-funding, where small amounts are raised from a large number of funders, will challenge the nation's major financial institutions, according to Andrew Haldane, the Bank's director of financial stability. Banking Together: Moving Our Money for the Greater Good. Guardian Sustainable Business. Why mainstream community economic development? Because it works. Why mainstream community economic development? 10 Practical Tools for Building a Resilient Local Economy. Currency Resilience and Transition. I attended the recent Transition Networks one day conversation in London on ‘Peak Money and Economic Resilience’. Research on alternative currencies and exchange systems.
Some communities, small businesses and non-governmental organisations experience a scarcity of credit and money. Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs. Destroying the commons. Backlight - Money and Speed: Inside The Black Box [ENGLISH] Let's Stop Maximizing Profit And Start Maximizing Value. Since the late 1970s, when American companies were fat and complacent, the focus of American business has been on the bottom line. Spurred on by activist shareholders, private-equity firms, and bonuses based on stock prices, corporate managers have become obsessed with maximizing quarterly profits. This new focus has produced remarkable results. Understanding Money and Inflation Part 1 (1 of 4) The Money Fix: A documentary film about our economy. Heist.