unemployment down, vacancies up, wages down, inflation up, universal credit down, national insurance up - Cost of Living Hits Hard. Hard Enough to Find Money in a Windfall Tax?
Category: INEQUALITY
Inequality – The Long View
This post points to several recent books on historic global inequality. “A Genetic History” by Carles Lalueza-Fox , “The Journey of Humanity: The Origins of Wealth and Inequality” by Oded Galor and “The Asset Economy and the End of Social Mobility” by Lisa Adkins, Melinda Cooper and Martijn Konings. But first a nod to the Dawn of Everything – A New History of Humanity by David Graeber and David Wengrow...
direct finance, guaranteed income, UBI
direct finance, postive money, UBI Frances Coppola ,Annie Lowrey, Guy Standing,
Breaking Old News: HIERARCHY REDISTRIBUTES INCOME – US Inequality for Quants – by Blair Fix
Watch Blair Fix talk about how corporate hierarchies create income inequality, and make the rich get richer. "This paper explores the idea that the (re)distribution of top incomes is uniform because it is shaped by a ubiquitous feature of social life, namely hierarchy. Using a model first developed by Herbert Simon and Harold Lydall, I show … Continue reading Breaking Old News: HIERARCHY REDISTRIBUTES INCOME – US Inequality for Quants – by Blair Fix
housing – land, property, renting – inequality, rentier-capitalism
featured/selected - updates below goodreads - countryfile - oxfordblue - ribaj - thetimes 2019 Who Owns England? - by Guy Shrubsole whoownsengland.org Who owns England? This blog is an attempt to answer that question – one of the most closely-guarded secrets in the thousand-year-old history of this country. Who owns our country matters. It matters … Continue reading housing – land, property, renting – inequality, rentier-capitalism
Why not Dress Rhodes in the Slave Collar of Racism?
Anthony Gormley has suggested turning Cecil Rhodes statue to face the wall in shame. My suggestion is meant to be a bit more explicit. A slave collar points to the history of racism as a rationalisation of slavery.
The Addictive Profits of Pain
Sacklers banale sadism - has US capitalism gone masochistic? US pharma, opioid crisis, health, Oxycontin – reviews, articles, books
Confirmed: QE feeds Matthew Effect
Breaking Old News - QE really does feed Matthew effect! Following bankers' earlier observations we now have official mainstream confirmation that "softer monetary policy increases inequality." Not just in the US. A fresh study by A.L. Anderson etal provides "... new evidence on the distributional effects of monetary policy based on detailed administrative household-level data. The … Continue reading Confirmed: QE feeds Matthew Effect
Historical effects of shocks on inequality: the great leveler revisited
Fresh of the research press : Looks Milanovic didn't disaggregate enough ? nature.com 17/4/2021 Historical effects of shocks on inequality: the great leveler revisited - Bas van Bavel , Marten Scheffer Abstract - Inequality of wealth and its associated power has varied greatly over human history. It is often thought that the main levelers … Continue reading Historical effects of shocks on inequality: the great leveler revisited
Fresh Fish Anyone?
European Union (EU) - Spain - Fisheries - Tuna - Overfishing - African Union - Senegal - Fishery
State of the Planet
“Transformative changes are now necessary" says the Nobel report. Will the event be a spectacle of technological inventions? Would be nice to see some monetary innovations, too. Just follow the money ... nobelprize.org our planet our future - solutions sessions On day three of the Nobel Prize Summit our partners will be hosting events that … Continue reading State of the Planet
real existing capitalism – neo liberalism
London Museum of Neoliberalism - Neo-Lib Google Gallery see also > history real existing capitalism > NEO LIBERALISM - GLOBALISATION - HISTORY - POLITICS - US - BUSINESS - ECONOMICS - WASHINGTON CONSENSUS - Mark-Fisher - John N.Gray neo-liberalism - featured/selected - updates 9-2022 here suhrkamp.de/ google/de 11-2021 Globalismus und Demokratie - Politische Ökonomie im … Continue reading real existing capitalism – neo liberalism
Code of Capital – Quinn Slobodian -W.Mattli,K.Pistor,S.Zuboff
The Code of Capital: How the Law Creates Wealth and Inequality Three new books paint a chilling portrait of darkness in Wall Street, the law, and technology. But the apocalyptic metaphors obscure the real problem, hindering how we fight back. review of Walter Mattli, Katharina Pistor and Shoshana Zuboff by QUINN SLOBODIAN ..." ...Mapping such … Continue reading Code of Capital – Quinn Slobodian -W.Mattli,K.Pistor,S.Zuboff
Matthew Effect – inequality
Daniel Rigney The Matthew Effect "The old saying does often seem to hold true: the rich get richer while the poor get poorer, creating a widening gap between those who have more and those who have less. The sociologist Robert K. Merton called this phenomenon the Matthew effect, named after a passage in the gospel … Continue reading Matthew Effect – inequality
INEQUALITY
GM posts/pages on inequality 5-2022 (IN)EQUALITY now(ish)4-2022 Inequality – The Long View3/2021 Fed's QE feeds Matthew Effect6/2020 The Unequal Mr Picketty4/2020 Covid : Billionaires Chip In A Trilliongg page Branco Milanovic Inequality see also theguardian.com/inequality inequality.org/The Journal of Economic Inequality articles etc updated 8-2022 gaiageld.com 8-2022 Inequality in Latin America is fuelling a new wave … Continue reading INEQUALITY
DeGrowth or Décroissance anyone? (not just for Xmas)
degrowth updates here Décroissance, or degrowth, is a story of hope amidst adversity. Just like Xmas. Born of the adversities of a poisoned and plundered planet, degrowthers say "No! No More! Let's get out of the Old National Market Hall of Sickly Scarcity and into the New Global Banquet Hall of Happy Abundance... Yes, contrary … Continue reading DeGrowth or Décroissance anyone? (not just for Xmas)
Billionaires Chip In A Trillion
Speaking for the The Giving Pledge campaign group, Bill Gates has announced their plan to make an unprecedented contribution to the current crisis. The aim is to commit 10% of their wealth to help all those who are falling through the net of the current rescue packages, including all the victims in poorer countries. The campaign … Continue reading Billionaires Chip In A Trillion
Crisis? What Crisis!
"Almost no chance of a recession this year", concludes Barron's roundtable, "markets will gain despite looming risks." "Recession has been "priced out in a rally for the record books" booms bloomberg and forbes feels that now "only the perennial bears believe" in a 2020 recession. Investors "go into the new decade with a spring in … Continue reading Crisis? What Crisis!
GROWTH! What Growth?
GROWTH! What Growth? intro/featured/selected – updates here - +here Alf Hornborg writes in his article “How to turn an ocean liner”: “Although soon reduced to a heterodox and marginalized position, the critique of growth has continued to challenge mainstream dogmas of economics and policy for over four decades. Countless debates have raged on what exactly is the problem … Continue reading GROWTH! What Growth?
Branco Milanovic
"Milanovic’s work is still the most detailed study of global inequality to date and should be read by all proponents of post-capitalist democracy..." Boris Frankel