Robert Reich: The result of this vicious cycle is a disenfranchisement of most Americans, and a giant upward distribution of income from the middle class and poor to the wealthy and powerful.
Richard Wolff: Exalting markets as if they were some perfect social optimum should be rejected as the self-serving tool of societies’ richest operated at the expense of everyone else.
Lawrence Wittner: In the 1970s, America’s wealthiest 0.1 percent—the richest one-thousandth of the population—owned 7 percent of U.S. household wealth. Today, that figure has risen to 20 percent.
Ellen Brown: Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself.
Robert Reich: Rather than lower corporate tax rates, an easier fix would be to take away the benefits of corporate citizenship from any company that deserts America.
Diane Lefer: Welcome to a world of two-headed wolves where people go to war over trash and thousands of the desperate move into an unfinished skyscraper tower built on a base of compacted garbage.
Randy Shaw: There is a near consensus that new construction must be coupled with stringent tenant protections and more subsidized housing to forestall gentrification. Krugman misses this latter point.
Peter Dreier: Despite overwhelming support, some City Council members are still on the fence, feeling pressure from the Chamber of Commerce.
Robert Reich: It’s estimated that in five years over 40 percent of the American labor force will be in such uncertain work; in a decade, most of us.
Peter Dreier: Pasadena Minimum Wage Law — Pasadena residents working at low-wage jobs in Los Angeles will get a pay increase of $23 million.
Ellen Brown: In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?
Steven Singer: If only we had a natural defense against prejudice. Racism, classism, xenophobia, sexism, homophobia – we take all that in with every breath.
RJ Eskow: In today’s environment, reinstating Glass-Steagall is not just the right policy – although it is certainly that. It’s also an excellent litmus test for politicians who say they’re willing to take on Wall Street.