Fresh audio product

Just added to my radio archive (click on date for link): November 7, 2019 Grace Blakeley, author of Stolen, on where financialized capitalism came from and how we could get out of it • Emmanuel Saez, co-author of The Triumph of Injustice, on how the rich got richer while paying less of their income in tax than the working class (Tax Justice website here)

Fresh audio product

Sorry for the delay, but three shows freshly posted to my radio archives: January 30, 2014 Laura Newland, author of Chasing Zeroes, on how Wall Street is messing up college life • excerpts from Kshama Sawant’s response to the State of the Union • Tom Philpott on GMOs and ag tech January 23, 2014 Christian Parenti on nature, capital, and the state • Anne Elizabeth Moore on political unrest in Cambodia January 16, 2014 Stephanie Coontz on why men need feminism • Branko Milanovic on the world income distribution (paper here)

It really is about that 1%

Wow, that top 1% is doing really, really well, you’ll not be surprised to hear. Everyone else, not so well. The Congressional Budget Office is out with some new stats on Trends in the Distribution of Income over the last three decades. Between 1979 and 2007, here’s how various slices of the population did in real (inflation-adjusted) income growth after federal taxes: top 1%: +275% next 19%: +65% middle 60%: +40% bottom 20%: +18% Or, in graphic form: The stairstep pattern—the higher you go up the income ladder, the stronger the growth—is remarkable…. Read More

Maybe 99% is a bit much, but…

The last day or two I’ve been seeing some complaints that the chant of the Occupy Wall Street protesters that “We are the 99%” casts the net too widely, effacing all kinds of class, race, and gender distinctions. Well, yes, probably so. But I still find it cheering. It is a fact that over the last couple of decades, much of the growth in total income in the U.S. has gone to the upper reaches of society. For example, based on Census data, between 1982 and 2010, the richest fifth of society… Read More