Because the number of extreme events and their destructive power keeps increasing at an accelerating rate. If we can expect to take a $1 trillion hit over just the next decade, the costs by the end of the century are hardly fathomable.
AOC’s tax proposal finds inspiration not in Karl Marx, but in mainstream American political philosophy. How we tax the rich depends on why we tax the rich, and AOC’s proposal reflects a surprisingly moderate view of economic justice.
Unlike income inequality, wealth inequality along racial lines in the US has received relatively little attention. New evidence on the changing landscape of relative wealth among whites, blacks, and Hispanics between 1983 and 2016.
Reader Comments, Kavanaugh Lied, Anonymous Op-Ed; How Would a Socialist America Look?; Chile 1973 Coup; Maria Hit Puerto Rico One Year Ago, Trump Says Response was Fabulous; Announcements - New York, Chicago, Medical Trip to Cuba; and more....
"Adam Tooze’s greatest achievement," writes reviewer Chakrabortty, "is to chronicle what actually happened before, during and in the long aftermath of the biggest financial crash of our lifetimes. It sounds simple but it is radical."