Plutonomy revisited

Business Insider has a write-up of a BoA Merrill Lynch report that declares that, the FT’s quibbles aside, Thomas Piketty is essentially right, and the super-rich is where the action is, so invest accordingly. (Never mind that Piketty utterly destroyed, in the most gracious manner imaginable, the newspaper’s economics editor Chris Giles’ half-assed critique.) The BoA Merrill report was written by Ajay Kapur, who is quoted by BI as saying: When wealth and income are as concentrated as they are, and expected (a la Piketty) to get even more so, examining the ‘average’ consumer or… Read More

Fresh audio content

Freshly, though belatedly (sorry!), added to my radio archives: April 24, 2014 Heidi Shierholz on the plight of young adults in the job market • Kshama Sawant, socialist member of the Seattle city council, talks about a $15 minimum wage and how to make revolutionary politics practical April 17, 2014 Trudy Lieberman on how much you’ll have to pay for health care even if you’re insured • Priamvada Gopal on the fascist threat in India April 10, 2014 Keith Gessen on Ukraine and Russia (article here) • Martin Gilens on how the rich rule and the people have no say (paper here) April 3,… Read More