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Capitalism

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.

books

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. The reviewer thinks much can be gleaned from Piketty's work.

Friday Nite Videos -- March 10, 2017

Portside
No, Ben Carson, Slaves Weren't 'Immigrants'. The State That Beat Trump's Travel Ban Is Back in Court. The Dalai Lama: John Oliver. How Jails Extort the Poor | Salil Dudani. The Doomsday Clock, Explained.

What Explains the Racial Wealth Divide?

Josh Hoxie inequality.org
A new study shows the legacy of racism far outweighs individual financial decisions in driving the growing gap between black and white families.

Trumponomics, Taxes, and the American Worker

David Cay Johnston Washington Spectator
Trump’s tax proposals, which shift like desert sands in a windstorm, would lavish vast new tax breaks on people like himself
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