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Tag: Inequality


John Paul DeJoria: Separating the 1 Percent From the 99 Percent Is a ‘Bunch of Bullshit’

A new documentary called “Good Fortune” provides the once-homeless hair care billionaire’s primer on how the superrich can contribute to society and still be superrich.

Posted on Jun 24, 2017 READ MORE


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Russell Brand: London’s Grenfell Tower Fire Is ‘Terrorism’ of a Different Kind (Video)

Referring to the politics involved in the fiery destruction, the “Trews” host says, “Austerity is not frugality, it is brutality. It is violence.”

Posted on Jun 19, 2017 WATCH & LISTEN



Teeth

A muckraking new book exposes the hidden reality of oral disease—a stepchild in the health care debate and likely the largest pre-existing condition of all—in the United States.

Posted on Jun 16, 2017 READ MORE



Now 5 Men Own Almost as Much Wealth as Half the World’s Population

While Americans fixate on Donald Trump, the superrich are absconding with our wealth. (Pictured: Facebook CEO Mark Zuckerberg.)

Posted on Jun 13, 2017 READ MORE



Jeremy Corbyn Changes the Face of British Politics, Shows Socialism Is Appealing to Voters

This week’s Larry’s List is dedicated to the U.K. Labour Party leader and his achievement in the recent general election, which dismantled the establishment trope that the left is unelectable.

Posted on Jun 11, 2017 READ MORE


Crazy Stuff









Posted on May 28, 2017 ENLARGE


Noam Chomsky: The Most Remarkable Thing About 2016 Election Was Bernie Sanders, Not Trump (Video)

In a BBC “Newsnight” interview, the renowned linguist (pictured) talks about the Democrats’ betrayal of the working class and Sanders’ incredible feat of breaking with “a century of U.S. history.”

Posted on May 15, 2017 WATCH & LISTEN



Trumpcare Is a Transfer From the Sick and Poor to the Rich and Healthy

Shame on every one of the 217 Republicans who voted to repeal the Affordable Care Act on Thursday and substitute basically nothing.

Posted on May 7, 2017 READ MORE


White Majority









Posted on May 4, 2017 ENLARGE    



Tech Giants Are Destroying Privacy, Producing Inequality and Undermining Democracy

Author Jonathan Taplin discusses how novelist Ayn Rand’s cruel libertarianism has permeated Google, Amazon, Facebook and the White House.

Posted on Apr 18, 2017 READ MORE


The Party Is Over









Posted on Apr 6, 2017 ENLARGE    


Russell Brand: Trump May Be Terrible, but Neoliberal Global Dominance Flourished Under Obama (Video)

The “Trews” host argues that for those being bombed in Yemen, or whose privacy is being invaded or who face deportation, not much will change under the new president.

Posted on Jan 24, 2017 WATCH & LISTEN


Robert Scheer and Socialist Kshama Sawant Talk About Progress for Seattle Workers

Sawant, who is in her second term on Seattle’s City Council, and Truthdig’s editor in chief discuss her political achievements and challenges. Audio and transcript.

Posted on Nov 11, 2016 WATCH & LISTEN


Journalist Thomas Frank on His Politics, His Midwestern Upbringing and Rock Music

Frank joins Foo Fighters guitarist Chris Shiflett for a conversation on Shiflett’s podcast, “Walking the Floor.”

Posted on Nov 8, 2016 WATCH & LISTEN



17 Ballot Initiatives to Watch if You Care About Inequality

Voters in many states will have the opportunity Tuesday to weigh in on a wide variety of inequality-related issues, from taxing the wealthy to tackling price-gouging on drugs.

Posted on Nov 5, 2016 READ MORE



What the Narcissists Have Done to Our Jobs and Health

Many of the super wealthy move further to the political right, care less about the feelings and needs of others, and become anti-social, less generous with their money and less willing to support the economic needs of all members of society.

Posted on Oct 19, 2016 READ MORE



Celebrating the 1 Percent: Is Inequality Really Good for the Economy?

In his new book, “The Great Escape: Health, Wealth, and the Origins of Inequality,” Scottish economist Angus Deaton practices public relations for the rich.

Posted on Sep 30, 2016 READ MORE



All We Want Is Dignity, Respect and a Job

The presidential candidates are not talking about the issues that matter to millions of working-class Americans, including students at Los Angeles Trade Tech. The community college centered on vocational education is a place of second chances, and its students have no time for empty campaign rhetoric.

Posted on Sep 26, 2016 READ MORE


County Chair of Trump Campaign in Ohio Resigns After Saying There Was No Racism Before Obama (Video)

“If you’re black and you haven’t been successful in the last 50 years, it’s your own fault. You’ve had every opportunity, it was given to you,” said Kathy Miller.

Posted on Sep 22, 2016 WATCH & LISTEN



Protesters, Police Clash After Fatal Police Shooting of a Black Man in Charlotte, N.C.

Keith Lamont Scott’s family disputes police claim that the victim was armed and posed a threat.

Posted on Sep 21, 2016 READ MORE


Think Incomes Are Rising? Not So Fast, Says Economist Richard Wolff

Despite a recent upbeat report on wages from the U.S. Census Bureau, the fact is that incomes are in real decline—and no mechanisms have been put in place to prevent another crash, Wolff says.

Posted on Sep 19, 2016 WATCH & LISTEN


Chris Hedges’ ‘On Contact’: The Cost of Austerity, With Economist Mark Blyth

On this week’s episode of “On Contact,” Truthdig columnist Hedges sits down with Brown University economist Blyth (pictured here) to discuss the detrimental impacts of austerity programs after the 2008 financial crisis.

Posted on Sep 12, 2016 WATCH & LISTEN



Wages Took a Rare Decline in First Quarter

January through March, the average weekly wage in the U.S. fell 0.5 percent from last year—just the seventh such annual decline dating back to 1978, according to the U.S. Labor Department.

Posted on Sep 8, 2016 READ MORE



Taxpayers Are Subsidizing Bonuses for Wall Street CEOs

A little-known section of the U.S. tax code “created a legal process by which publicly held companies can lower their tax bills by boosting CEO pay,” reports George Zornick at The Nation. (Pictured: John Stumpf, Wells Fargo chairman and CEO.)

Posted on Sep 5, 2016 READ MORE



What Does Wal-Mart Have to Do With the 2016 Election?

With over $480 billion in total annual revenue, the U.S.’ largest private employer wields immense power just in how it treats its workers at home and abroad. Their struggle for dignity and rights will continue after the last ballots are counted in November.

Posted on Aug 31, 2016 READ MORE



Is Socialism the ‘Obvious’ Answer to Growing Inequality?

Bernie Sanders and Jeremy Corbyn have shined a spotlight on the economic model that can lead us out of gaping inequality; Canada could actually benefit if Donald Trump wins the U.S. elections; meanwhile, we may need to reconsider air travel in times of climate change. These discoveries and more after the jump.

Posted on Aug 17, 2016 READ MORE



Hillary Clinton and America Are Headed Toward a Larger Reckoning That Will Extend Past Election Day

In her speech accepting the Democratic nomination, Hillary Clinton said the nation was at “a moment of reckoning.” She’s right, but the reckoning is not simply the choice voters face this fall between her and Donald Trump.

Posted on Aug 2, 2016 READ MORE



How an Uneven Economic Recovery Drove Many Americans to Believe Donald Trump Could Save This Country

In some downtrodden American towns, the question about whether or not to vote for the Republican nominee has more to do with a “desperate survival bid” than with his racist promises. 

Posted on Jul 20, 2016 READ MORE



What’s the Secret to Bill Gates’ Incredible Private Wealth?

“[I]magine a world where everyone could make as many copies as they liked of Windows, Microsoft’s Office Suite and any other software at no cost,” writes economist Dean Baker.

Posted on Jun 22, 2016 READ MORE


Matt Damon Talks Banks, Brexit, Climate Change and Inequality at MIT Commencement (Video)

“There’s more at stake today than in any story ever told,” said the actor who starred in “Good Will Hunting,” set at the Massachusetts Institute of Technology, as he took the stage at the school’s graduation ceremony Friday.

Posted on Jun 5, 2016 WATCH & LISTEN



American CEOs Make 335 Times More Than Their Workers

And Verizon’s CEO makes even more than that.

Posted on May 19, 2016 READ MORE



Bill Moyers in Conversation: Eddie Glaude Jr. on America’s Racial ‘Value Gap’

A talk with the scholar and Princeton professor about the tremendous racial inequalities that remain as the final term of America’s first black president draws to a close.

Posted on May 4, 2016 READ MORE



The Third Way: Share-the-Gains Capitalism

If I were a betting man, I’d bet on a model of capitalism that’s neither no-lose socialism for the rich nor cruel hypercapitalism for the rest, but share-the-gains capitalism for everyone.

Posted on May 3, 2016 READ MORE


Why the Racial Wealth Gap Is Widening—and Some Steps to Reverse It (Video)

By Robert Reich

Unless you earn enough to be able to begin to accumulate wealth, you can’t get ahead. That’s why kids from low-income families start out in life at a huge disadvantage—especially children of color.

Posted on May 2, 2016 WATCH & LISTEN



Once-Undocumented Wall Street Executive Now Is Helping Others Live the American Dream

Julissa Arce worked for seven years at Goldman Sachs as an undocumented immigrant. Now she is an American citizen fighting for immigration reform, and her incredible story may soon become a TV series. 

Posted on Apr 20, 2016 READ MORE



Life Expectancy Gap Between Rich and Poor Keeps On Growing

Between 2001 and 2014, the difference in life expectancy between the wealthiest 1 percent of Americans and the poorest 1 percent widened to 14.6 years for men and 10.1 years for women, a study published by the American Medical Association shows.

Posted on Apr 18, 2016 READ MORE


John Oliver: Lawmakers Are Spending Most of Their Time Begging the Rich for Money (Video)

The “Last Week Tonight” host delves into the complicated web of congressional fundraising to outline why the American people have lost most of their say in this democracy.

Posted on Apr 4, 2016 WATCH & LISTEN



The Clooneys’ Fundraisers for Hillary Clinton: A Tale of Two Economies

The irony of the events for the super-rich taking place in a land of burgeoning homelessness—California—may not be lost on the electorate come June.

Posted on Mar 30, 2016 READ MORE



The Inequality Sweepstakes

When you press Democrats on their lousy trade deals or their flaccid response to Wall Street misbehavior, they automatically reply that those awful Republicans wouldn’t let the really good legislation get through. So let’s go to a place where Democratic rule is virtually unopposed and see if the excuse holds.

Posted on Mar 30, 2016 READ MORE



Here’s the Truth About Free Trade

Both Bernie Sanders and Donald Trump are blaming free-trade deals for the decline of working-class jobs and incomes. Are they right?

Posted on Mar 14, 2016 READ MORE



Why It’s Imperative That We Hear Michigan’s Angry Voices

The Rust Belt state’s primary outcome—victories by Bernie Sanders and Donald Trump—was brought to you by white working-class men and the people from little towns and small cities.

Posted on Mar 14, 2016 READ MORE



Paychecks Shrink Even as U.S. Economy Adds Jobs

U.S. industry added 242,000 jobs in February—but the major gains were in low-wage industries, and average hourly earnings dropped 3 cents. And unemployment rates remained far higher for minorities than for whites.

Posted on Mar 7, 2016 READ MORE



A Warming World Would Rob From the Poor and Give to the Rich

As temperatures rise with climate change, the earth’s natural capital will change too—but there may be few winners, even among the wealthy.

Posted on Mar 7, 2016 READ MORE



Taking On Corporations That Pollute Communities Not With Chemicals but With Poverty Wages

Economic justice activists across the country are demanding that corporate polluters pay a price for low wages.

Posted on Mar 6, 2016 READ MORE



Our Kids

This is a book about choices that have changed the United States from a place “that offered decent opportunity for all the kids in town” to a place that is increasingly divided between those who have almost everything and those who have almost nothing.

Posted on Mar 4, 2016 READ MORE



Damning Study Finds a ‘Whitewashed’ Hollywood

A new study finds that films and TV shows from major media companies are “whitewashed” in what researchers call an “epidemic of invisibility” that runs through the industry for women, minorities and LGBT people.

Posted on Feb 22, 2016 READ MORE



Occupy the Party: Bernie Sanders’ Campaign as a Site of Struggle

Instead of treating the Democratic Party as some kind of authority with the power to co-opt our message, we should treat it like any street or park and occupy it.

Posted on Feb 19, 2016 READ MORE



Thomas Piketty: Bernie Sanders Heralds a New Era in American Politics

“In many respects, we are witnessing the end of the politico-ideological cycle opened by the victory of Ronald Reagan at the 1980 elections,” writes French economist Thomas Piketty, whose 2014 book “Capital in the Twenty-First Century” made inequality a respectable topic of conversation among professionals and beltway pundits.

Posted on Feb 17, 2016 READ MORE



Minimum Wage, Minimum Chance: On Being Nickel-and-Dimed in 2016

When presidential candidate Bernie Sanders talks about income inequality, and when other candidates speak about the minimum wage and food stamps, what are they really talking about?

Posted on Feb 16, 2016 READ MORE



Does Hillary Clinton Care About the Gender Pay Gap? She Didn’t When She Was a Senator

Despite the belief that Hillary Clinton is a feminist candidate, she doesn’t always practice what she preaches. As a U.S. senator, Clinton paid female staff members 72 cents for every dollar that she paid males, according to The Washington Free Beacon.

Posted on Feb 16, 2016 READ MORE


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