The Benosphere

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The Move for Democrats After 2016 Is to...Embrace Clintonism?

Thanks for stopping by, Mark Penn.<p>There's another recent addition to the list of Questions No Sensible Person Would Ask, thanks to the Thursday edition of <i>The New York Times.</i><p><i>"What's Mark Penn Thinking About Things These Days?"</i><p>In his latest iteration of his life's creative work, tentatively entitled</i> …

Middle-class
Middle-class
Democratic Party

Yes, stocks are up. But 80 percent of the value is held by the richest 10 percent.

In a recent piece for this page, I focused on how well the stock market’s been doing since President Trump was elected. Although explaining market movements is a bit of a fool’s game, especially as bull can turn to bear awfully quickly, I asserted that there’s something rational going on. Market …

Stock Markets

“Neoliberalism” isn’t an empty epithet. It’s a real, powerful set of ideas.

<i>Professor Cornel West’s</i> <i>attacks on the author Ta-Nehisi Coates</i> <i>has reawakened interest in the term “neoliberal.” (West dismissed Coates as representing the “neoliberal wing” of black activism.) For some leftists, the term can be an all-purpose insult directed at anyone they perceive as being to their</i> …

Middle-class

Stop Pretending You’re Not Rich

When I was growing up, my mother would sometimes threaten my brother and me with elocution lessons. It is no secret that how you talk matters a lot in a class-saturated society like the United Kingdom. Peterborough, our increasingly diverse hometown, was prosperous enough, but not upscale. Six in …

Middle-class

Alibaba founder Jack Ma has a brutal theory of how America went wrong over the past 30 years

DAVOS, Switzerland — Alibaba founder Jack Ma thinks America went wrong over the past 30 years by focusing too much on war and Wall Street. Speaking at the World Economic Forum on Wednesday, Ma was asked about globalisation and the reaction to it represented by the election of Donald Trump as US …

Wall Street

Noam Chomsky: Neoliberalism Is Destroying Our Democracy

<i>For 50 years, Noam Chomsky, has been America’s Socrates, our public pest with questions that sting. He speaks not to the city square of Athens but to</i> …

This Book Argues that Economics 101 Might be the Root of All (or Most) Evil | Inc.com

In the end, everything comes down to supply and demand, right? That's why the minimum wage shouldn't be increased, or even exist at all. That's why the solution to America's ongoing healthcare calamity is not more insurance, but less. It's why income inequality and stratospheric CEO pay are …

Income Inequality

Michael Hudson: Review of Steve Keen’s “Can We Avoid Another Financial Crisis?”

<i>By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute</i> …

Towards Democratic Regulation of the Airline Industry

In the reaction to the the United Airlines fiasco, we see something very powerful. Americans are using words like corporate concentration and …

Larry Summers Had the Power to Punish Wall Street. Now He’s Slamming Obama’s Gentle Treatment.

As head of Barack Obama’s National Economic Council during 2009 and 2010 at the height of the foreclosure crisis, Larry Summers broke many promises …

Obama Administration

Being Liberal

Once upon a time, America had a president who valued education... John F. Kennedy's words animated like never before!<p>Video created by Social Good …

The Increasing Significance of the Decline of Men

At one end of the scale, men continue to dominate.<p>In 2016, 95.8 percent of Fortune 500 CEOs were male and so were 348 of the Forbes 400. Of the 260 people on the Forbes list described as “self-made,” 250 were men. Wealth — and the ability to generate more wealth — must still be considered a …

Psychology

Don't let establishment opportunists ruin the resistance movement

As a powerful grassroots movement emerges, some want to use it for their own gain. The history of the Tea Party has important lessons on how to avoid that<p>Sign up for our weekly newsletter about the resistance movement in America<p>The fury currently welling up against our demagogue president is a …

Tea Party

‘Superstar Firms’ May Have Shrunk Workers’ Share of Income

For much of the last century it seemed that the slice of the total economic pie going to workers was — like the speed of light — constant. No matter what the economy’s makeup, labor could collectively depend on taking home roughly two-thirds of the country’s total output as compensation for its …

Economics

The Hamilton Hustle | Matt Stoller

As Donald Trump settles into the White House, elites in the political class are beginning to recognize that democracy is not necessarily a permanent …

Political Science