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?
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...
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
Sacklers banale sadism - has US capitalism gone masochistic? US pharma, opioid crisis, health, Oxycontin – reviews, articles, books
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
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
“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
Neo-Lib Gallery real existing capitalism > NEO LIBERALISM - GLOBALISATION - HISTORY - POLITICS - US - BUSINESS - ECONOMICS - WASHINGTON CONSENSUS - Mark-Fisher - John N.Gray neo-liberalism - articles & updates - 6-2022 academia.ed gg pdf 2010 The Rise and Fall of Neoliberalism edited by Kean Birch, Vlad Mykhnenko NeoLiberalism-Chapter_1_Rise_and_Fall_of_NeoliberalismDownload OUP.com amazon.co.uk goodreads.com … Continue reading real existing capitalism – neo liberalism
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
GM posts/pages on inequality 3/2021 Fed's QE feeds Matthew Effect6/2020 The Unequal Mr Picketty4/2020 Covid : Billionaires Chip In A TrillionBranco Milanovic Inequalitytheguardian.com/inequality articles etc updated 4/2022 theguardian.com 17-4-2022 Rich countries that let inequality run rampant make citizens unhappy, study finds - Study of 78 countries reveals impact of economic exclusion, including on changing fortunes … Continue reading INEQUALITY
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
"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!
"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