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Archive for the ‘Inequality’ Category

Less Returns for Labor More for Capital

Posted in Inequality, tagged on July 18, 2009 | 2 Comments »

The Hudson Interview Michael Hudson makes some very important points in this video: Here are a few of them: The financial industry is making itself tax free. Examples include the write offs that are received due to bank mergers Real estate already does not pay much in taxes. This is enabled through multiple accelerated depreciation, [...]

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Finance Industry as Welfare Queens

Posted in Alternate Economic Philosophies, Bailout, Inequality, Mortgages, tagged , , on March 16, 2009 | Leave a Comment »

As Noam Chomsky once said. “Adam Smith’s A Wealth of Nations is one of those books you are supposed to worship, but not read.” I don’t understand. Ever since I was small I was told that Adam Smith’s idea of everyone looking out for their best interests lead to the best long term good. Man [...]

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Wealth Concentration Figures by Congressional Budget Office

Posted in Economics, Inequality, Videos on January 28, 2009 | Leave a Comment »

From the American New Project. Shows how skewed our society has become. Increasingly it appears that the US is simply designed for the very top people in wealth. It is their country and most other people are just allowed to work for them, but have no say and are essentially irrelevant. This goes a long [...]

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Unquestioned Capitalism

Posted in Alternate Economic Philosophies, Economic History, Economics, Globalization, Inequality, Media Corruption, Tax Evasion, tagged , on January 11, 2008 | 3 Comments »

Introduction The term capitalism is often applied as a blanket term that connotes a positive view on any structure that concentrates economic power. Unknown to many that use the term, all economies are mixtures of capitalistic and socialistic structures, regulations and social programs. A free market solution is not applicable to many if not most [...]

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