Plutocracy

The evidence of income inequality just keeps mounting. According to “Working for the Few,” a recent briefing paper from Oxfam, “In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom…

Economy

High Inequality Results in More US Deaths than Tobacco, Car Crashes and Guns Combined

Juan Cole

In 2009, the British Medical Journal (BMJ) published a study that revealed what seems to be a shocking truth: those who live in societies with a higher level of income inequality are at a greater risk for premature death. Here in the United States,…

Dissent

The New 1% isn’t just the Rich, it is the Spoiled Oligarch Heirs (Krugman)

Juan Cole

Bill Moyers interviews Paul Krugman Blurb: ” Capital in the Twenty-First Century by Thomas Piketty, a 42-year-old who teaches at the Paris School of Economics, shows that two-thirds of America’s increase in income inequality over the past four decades is the result of steep raises given to the country’s highest earners. This week, Bill talks […]

Economy

9 Maps that Show How The GOP is Destroying Southern States

Juan Cole

Whenever we need a perfect example of Americans who have no clue what is in their best interest, we need only look to the south. Yes, there are some great people there–and no, not everyone is ignorant. However, red state voters regularly eschew logic…

Economy

Who Rules America Today? – Domhoff

Juan Cole

Talk by G. William Domhoff: Who Rules America Today? h/t G. William Domhoff

Economy

8 Plutocrats out-earned 3.6 mn Working Poor & 7 Other Headlines You won’t see in MSM

Juan Cole

(By Paul Buchheit) The following are all relevant, fact-based issues, the "hard news" stories that the media has a responsibility to report. But the business-oriented press generally avoids them. 1. U.S. Wealth Up $34 Trillion Since Recession. 93% of You Got Almost None of It. That's an average of $100,000 for every American. But the […]

Energy

Is Rand Paul right that Cheney invaded Iraq for Halliburton Profits?

Juan Cole

(By Juan Cole) David Corn at Mother Jones got the scoop: In 2009, Rand Paul gave a talk at Western Kentucky University in which he accused former vice president Dick Cheney of having gotten up the Iraq War to rescue his troubled oil services company, Halliburton, which– along with its subsidiaries– was awarded enormous no-bid […]

Climate Change

World Bank Head: Climate Change and Growing Inequality threaten Global Upheaval

Juan Cole

(By Jon Queally) President of the World Bank, Jim Yong Kim, is warning that the combined crises of planetary climate change and rising global inequality in a highly interconnected world will lead to the rise of widespread upheaval as the world's poor rise up and clashes over access to clean water and affordable food result […]

Economy

Obamacare Enrolls 7.1 Million: But Will the haters ever stop hating?

Juan Cole

LAST week, while watching videos on YouTube, I was repeatedly served with an advertisement in which a mournful woman informed me that unfortunately, Obamacare “just doesn’t work.” This left me bemused, since I live in a country where a variety of Obamacare…