Category Archives: wealth distribution

That’s what you get when you hollow out the middle class

So, the supermarket chain Target closes down its Canada operation. CBC News discusses this further in an article titled “Middle class retailers dying a slow death: Don Pittis“. And, of course, in a move nobody should be surprised by, their … Continue reading

Posted in developed countries, private debt, standards of living, wealth distribution | Leave a comment

From faulty premises

I assume that Vinod Khosla is a smart man. According to the byline under his recent Forbes piece titled “The Next Technology Revolution Will Drive Abundance And Income Disparity” notes that Vinod Khosla co-founded Sun Microsystems and is the founder … Continue reading

Posted in belief systems, economic policy, standards of living, techno utopianism, technology assessment, wealth distribution | Leave a comment

Everything you know about Ukraine (and Crimea) is wrong

Mark Ames and the War Nerd cut through the bullshit and static regarding the current goings-on in Ukraine in their typical clear manner. Both of the pieces should be read and appreciated to the fullest, in particular since they lay … Continue reading

Posted in democracy, geostrategy, oligarchy, standards of living, wealth distribution | Leave a comment

Economics and Morality

NC has a relatively short but interesting post up, called Economics is Applied Morality: Utilitarianism is the moral foundation of economics. The idea of the greatest good for the greatest number is intuitively appealing. But applying a utilitarian framework relies … Continue reading

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Can Democracy help with Inequality?

NC has a post up with the above-mentioned title. It’s a summary of a research paper and the short answer is: “Yes but it doesn’t always.” I like this kind of research since it helps refute some propagandizing. There was … Continue reading

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RWER 66: “Modern Money Theory and New Currency Theory”

The Real World Economics Review issue 66 is out for a while already and includes a number of interesting, high-level papers. One of which I hoped for some additional clarification of MMT is titled “Modern Money Theory and New Currency … Continue reading

Posted in debt, macroeconomics, MMT, public debt, wealth distribution | Leave a comment

The headwinds of America

Ars Technica has a short post up reporting on a discussion about slowing US economic growth at a TED conference. The first speaker apparently characterized the problem thus: In his talk today, Gordon named four “headwinds” that confront the nation—demographics, … Continue reading

Posted in neo-liberalism, private debt, standards of living, wealth distribution | Leave a comment