Tag: new gilded age

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Saving Capitalism From Itself

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On August 15, 2018
For all the talk about the rise of socialism, both as a term of endearment among the young, DSA, and now winning politicians such as Ocasio-Cortez, what is striking for a lot of historians on the left is the moderation of all the political ideas coming out of this. In short, Ocasio-Cortez has the domestic […]
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To the Fainting Couch!

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On July 30, 2018
You don’t say! Some of the biggest winners from President Donald Trump’s new tax law are corporate executives who have reaped gains as their companies buy back a record amount of stock, a practice that rewards shareholders by boosting the value of existing shares. A POLITICO review of data disclosed in Securities and Exchange Commission […]

The New Gilded Age

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On July 23, 2018

The latest Economic Policy Institute report on the New Gilded Age is out and it is a go-to resource on income inequality. From the executive summary: In 2015, the top 1 percent of families in the U.S.

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That New Gilded Age Economy

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On July 16, 2018
The unemployment rate is a pretty bad way to evaluate the state of the economy. In 2000, when the jobless rate last fell below 4%, corporate profits totaled 8.3% of national income. Wages & salaries were 66%. The jobless rate is again fluttering below 4%. But profits have risen to 13.2% of all income while […]
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Where’s Our Money?

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On April 13, 2018
Unemployment is low. People are talking about what a great economy this is. Is it? Because I sure don’t see it. What I see is the greatest level of inequality in a century. There’s money to be made but the people who need it aren’t making it, even if they are struggling in 3 part-time […]
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