Sunday, March 27, 2011

Economic Democracy is a precondition for Political Democracy

Clip 1: Economic Democracy and Political Democracy.

Clip 2: Wider Context. Peace is an Economic Issue.

Footnote for MSNBC: The hard pre-rolls aren't going to cut it here; especially with multiple clips on a page. I'll leave this here this time, but if I don't get a share -- a significant revenue share -- of the pre-roll ad revenue for which I alone am the proximate cause and courier, I'm not going to distribute your advertising for free.

Monday, March 21, 2011

Educated, Unemployed, Frustrated: Not just the over 40 crowd any more

New York Times on America's new normal:
About one-fourth of Egyptian workers under 25 are unemployed, a statistic that is often cited as a reason for the revolution there. In the United States, the Bureau of Labor Statistics reported in January an official unemployment rate of 21 percent for workers ages 16 to 24.

My generation was taught that all we needed to succeed was an education and hard work. Tell that to my friend from high school who studied Chinese and international relations at a top-tier college. He had the misfortune to graduate in the class of 2009, and could find paid work only as a lifeguard and a personal trainer. Unpaid internships at research institutes led to nothing. After more than a year he moved back in with his parents.

Saturday, March 5, 2011

Head of World’s Largest Asset Manager: “Markets Like Totalitarian Governments”

Head of World's Largest Asset Manager: "Markets Like Totalitarian Governments"

"If instead they preferred democracy, democracy would flourish."

Shared via Pulse, a great news reader for iPad, iPhone and Android.

Thursday, March 3, 2011

Massive wealth redistribution as richest shirk responsibilities

Via TruthOut:
One conclusion is clear and obvious: the richest Americans have dramatically lowered their income tax burden since 1945, both absolutely and relative to the tax burdens of the middle income groups and the poor.

Consider two further points based on this graph: first, if the highest income earners today were required to pay the same rate that they paid for many years after 1945, the federal government would need far lower deficits to support the private economy through its current crisis; and second, those tax-the-rich years after 1945 experienced far lower unemployment and far faster economic growth than we have had for years.

What we think vs. What we'd like vs. What is

Courtesy of Discover Magazine's Cosmic Variance:
What does it imply that most Americans think the distribution of wealth is much more even than it really is, and would like it to be more even still? By itself, nothing at all. These are just data — descriptions of the world — and science doesn’t imply morality. The data are just useful to keep in mind when we do think about how a just society should be ordered, and what strategies (“share the pain!”) might be most appropriate when thinking about how to recover from our recent economic pratfall.

"How many comments do you think we’ll get before someone claims that taxation = slavery? I’m guessing five." - Sean Carroll