economic inequality

Capitalism

July 12, 2017

The first and last rule of capitalism is this: Make More Capital. And it's killing us. But we can build better systems. There are plenty of options. We can change the rules.

America’s Broken Democracy

Jeffrey Sachs
Project Syndicate
Behind the formal structures of a once-functioning democracy is a political system run by corporate interests with the cynical aims of cutting taxes on the rich, selling weapons, and polluting with impunity. In Trump, they have found a shameless frontman.

Why Are Economists Giving Piketty the Cold Shoulder?

Marshall Steinbaum
Boston Review
Piketty's radical and largely on-target critique of contemporary capitalism, the reviewer says, was mostly greeted with hostility by the economics establishment, when not simply ignored, stonewalling Capital in the Twenty-First Century, so it would not have the impact on economics research agendas that it merits, particularly in explaining inequality — in effect a dead zone in mainstream economic analysis.

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