inequality
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Laughter and fears: Berlin Bulletin No. 231, February 18, 2025
For good people these are times to weep, rage and, above all, to fight back! But sometimes we may allow ourselves a laugh. Such a time arrived this past weekend in Brussels and at the Security Conference in Munich. Though the big shots present were in no laughing mood—but in shock! Continue reading
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Make White People accountable again
Daniel Penny, the white Marine veteran who was acquitted of negligent homicide in the death of Black subway-performer Jordan Neely earlier this week, will attend today’s nationally televised Army-Navy football game as a personal guest of Donald Trump, J.D. Vance and other leading MAGA figures. It will be another milestone in Penny’s journey from cold-blooded… Continue reading
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The West believes antisemitism is a more egregious problem than genocide
Now. Thousands of people from all over England march through Central London calling for an immediate ceasefie. So far over 33,000 Palestinians have been killed in the conflict following the attack on November 7th. They are asking that the UK Government stops supplying arms to Israel. (Photo: Karl Black/Alamy Live News/Pearls and Irritations) Continue reading
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Inclusive economics and the IMF
The great and the good have just finished attending a special World Economic Forum in Riyadh, Saudi Arabia. The theme of the conference for the over 1000 delegates from corporations, governments and international agencies was global cooperation and inclusive growth. In other words, how to reverse the growing international trade wars and rising inequality of… Continue reading
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Rebellion over Gaza: the British left strikes back
THE climbdown by the Metropolitan Police from cutting the route of today’s London march to stop the genocide in Gaza is a further indication of a rising political force beyond Westminster. Continue reading
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Ukraine & Nukes
The New York Times recently published an article by David Sanger entitled “Putin spins a conspiracy theory that Ukraine is on a path to produce nuclear weapons.” Unfortunately, it is Sanger who puts so much spin in his reporting that he leaves his readers with a grossly distorted version of the what the presidents of Russia and Ukraine… Continue reading
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The top 1% own 45% of all global personal wealth; 10% own 82%; the bottom 50% own less than 1%
The annual Credit Suisse report on global wealth has just been released. This report remains the most comprehensive and explanatory analysis of global wealth (not income) and inequality of wealth. Every year the CS global wealth report analyses the household wealth of 5.1 billion people across the globe. Continue reading
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UK: The 2018 State of the Nation Report
Britain does produce an annual state of the nation report other than one referring to social mobility. The Social Mobility Commission’s 2017 report (see link below) starts with the words: “Britain is a deeply divided nation.” Their report is interesting this year as it ventures more broadly into areas such as education, employability and housing… Continue reading
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Jeff Bezos’ Paper Tells You Not to Worry About Those Billionaires by Dean Baker
Just when you thought economic commentary in the Washington Post couldn’t get any more insipid, Roger Lowenstein proves otherwise. In a business section “perspective” (7/20/18), he tells readers: But what if inequality is the wrong metric. Herewith a modest proposition: economic inequality is not the best yardstick. What we should be paying attention to is… Continue reading
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The Finance Curse: Introduction By Dan Hind
It is now well known that many countries which depend on earnings from natural resources like oil have failed to harness them for national development. In many cases it seems even worse than that: for all the hundreds of billions of dollars sloshing into countries like oil-rich Nigeria, for instance, such places seem to suffer… Continue reading
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“Let us glory in our inequality.” By Michael Hudson
As in Chile, privatization in Britain was a victory for Chicago monetarism. This time it was implemented democratically. In fact, voters endorsed Margaret Thatcher’s selloff of public industries so strongly that by 1991, when she was replaced as prime minister by her own party’s John Major, only 35 percent of Britain’s voters supported the Labour… Continue reading
The New Dark Age 