Jason Hickel: The Divide: A Brief Guide to Global Inequality and Its Solutions

Today, some 4.3 billion people — more than 60 percent of the world’s population — live in debilitating poverty, struggling to survive on less than the equivalent of $5 per day (which is the mean average of all the national poverty lines in the Global South). Half do not have access to enough food. And these numbers have been growing …

The Next Financial Crisis Lurks Underground: Fueled by debt and years of easy credit, America’s energy boom is on shaky footing

By Bethany McLean, NYTimes.com  Ms. McLean, whose book about Enron was turned into an Oscar-nominated documentary, is the author of a new book about the fracking industry.  Sept. 1, 2018 About 20 years ago, an entrepreneur named George Mitchell proved that it was possible to get lots of oil and gas out of parts of the earth long thought to be sucked dry, …

Fossil Fuel Companies Kill With Impunity. Why Are Their Leaders Not In Jail?

November 23rd, 2018 by Steve Hanley on Clean Technica  Over the course of 2018, I have started emphasizing how the extraction and sale of fossil fuels is like a neighbor who pumps the contents of his septic system onto your front lawn and expects you to pay to clean up his mess. Only under the most absurd economic theory could such antisocial and irresponsible …

City platform example from Vancover

“We’ll never get what we need, unless we ask for it.” — Jean Swanson https://www.votecope2018.ca/platform_summary Tax the Mega Rich to Help the Rest of Us “Mansion Tax”: add an extra tax on properties worth over $5 million to generate about $1 billion over four years to end homelessness, fund public housing, and start restoring indigenous land “Big business” tax: lower commercial …

Puerto Rico’s hurricane damage, crisis and opportunity

Excerpt from https://www.rollingstone.com/politics/politics-features/puerto-rico-hurricane-maria-damage-722570/ Stafford Act, 1988 legislation that requires all infrastructure funded with FEMA money to be rebuilt more or less as it had been before the storm. That means if an inefficient, old oil-burning power station is destroyed in a storm and you want to use FEMA funds to rebuild it, you have to build another oil burner.  The scale …

Data from the Federal Reserve show that over the last decade and a half, the proportion of family income from wages has dropped from nearly 70 percent to just under 61 percent

Excerpt from The Recovery Threw the Middle-Class Dream Under a Benz,  By Nelson D. Schwartz, Sept. 12, 2018, NYTimes.com Data from the Federal Reserve show that over the last decade and a half, the proportion of family income from wages has dropped from nearly 70 percent to just under 61 percent. It’s an extraordinary shift, driven largely by the investment profits of the …

Public banking must build and take power from finance

By Matt STANNARD on Occupy.com TUE, 7/17/2018 This is Part 10 in a 10-part series on public banking and economic justice. Read parts 1, 2, 3, 4, 5, 6, 7, 8 and 9 If Los Angeles voters choose to lift the city’s ban on government-run banking services this November, the battle for a public bank in that city won’t be over. It will just be getting started, and the barriers will be enormous. Los Angeles …

End Stock Buybacks, Save the Economy

By William Lazonick and Ken Jacobson, Aug. 23, 2018, nytimes.com Since the 1980s, corporate boards in the United States have embraced as dogma the position that companies should be run primarily for the benefit of their shareholders. The stranglehold of this doctrine of “shareholder-value maximization” over corporate decision making has been a leading cause of inequitable incomes, unstable employment, and sagging productivity. The principal …

The Big, Dangerous Bubble in Corporate Debt

By William D. Cohan, a former investment banker and the author of four books about Wall Street.  Aug. 9, 2018 NYTimes.com Illustration by Mike McQuade; Photographs by Carol M. Highsmith and Alfred Harrell, via Library of Congress The $30 trillion domestic stock market seems to get all the attention. When the stock market sets new highs, we instinctively feel things are good …

Failed Economic Policies Have Contributed to Asylum Seekers: Many of the families detained at the U.S.-Mexico border have lost their livelihoods as the result of reforms that benefit elites in the United States and Latin American countries

By Manuel Perez-Rocha, Inequality.org, As a Mexican American and a father of two young children I am horrified to see the cruelty being inflicted on thousands of families that haven’t been as lucky as mine and have been separated at the US-Mexico border. Feeling the heat from all sides, the president has reversed his separation policy and signed an executive order …