If income inequality is getting worse, then the economy cannot be getting better because more people are worse off. Of course, this only matters if one is concerned with the lived experiences of real people in the real economy. Perhaps the stock market is (was) getting better and the very rich continue to get richer, […]
Morelink.medium.com/JF6x5UFxB5 “From one citizen to another, I beg of you: take a deep breath, ignore the deafening noise, and think deeply about what you want to put back into your life. This is our chance to define a new version of normal, a rare and truly sacred (yes, sacred) opportunity to get rid of the […]
MoreBottom line. Monetary Policy had reached its limits in response to this financial crisis. It is time for Congress to take clear-eyed, focus on creating targeted, well-funded fiscal policy actions to benefit regular citizens as well as financial markets and institutions. Let’s not make the same mistake that we did in 2008. Families, individuals, small […]
MoreBell, Vanderbilt, Edison, Walton, all started empires.
MoreEvery hour, taxpayers in the United States are paying $32.08 million for the total cost of wars since 2001.
MoreWithout the labor of blacks in America, the cultural and economic history of this nation would be vastly different. Edward E. Baptist, professor of history at Cornell University, relates in sharp relief the history, context and continuing impact of slavery and its powerful impact on U.S. economic, social and political life in his book, The Half Has Never Been Told: Slavery and the Making of American Capitalism.
MoreOn April 10 @WashingtonMonthly published a blog post by @JoelBerg titled, “It’s Policy, Stupid.” This motivated me to search my past blog posts to find, edit and repost this one that I originally posted in 2014 as “It’s Domestic Social Policy, Stupid!”. Sadly, everything and nothing has changed. Where is the domestic social policy that once […]
MoreI attended an event yesterday. The opening speaker began his remarks with this statement; “Michael Brown’s shadow is in this room.” It was a conference on fair housing and community development. After all of the panels and speakers–all excellent and informative–I left the event believing that we must do more than talk. This morning, I […]
MoreThe term “community development” became ghettoized and synonymous with low-income housing development for those disenfranchised by the mainstream economy and civic infrastructure. The class-based exit from older communities resulted in re-segregation and isolation both urban and rural. Communities are complex systems but recent practice has effectively relegated them to the raw materials of opportunistic housing […]
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