Joseph Stiglitz on Why the Rich are Getting Richer

The Nobel Prize-winning economist says that through corporate consolidation and even gentrification, the elite are siphoning up all the world's wealth for themselves.
Lynne Stuart Parramore
  • 20

Enougher is Enougher: ANOTHER Citi Nominee

Brilliant people with expertise and a willingness to serve the public is a good thing. It is something we want people to do. But the number of Citigroup and other Wall Street people in high positions of our government matters right now.

Economic Policy Myths of 2014: Dead and Enduring

With the holiday season upon us, the time for end of year lists is fast-approaching. To beat the rush, today I give my list of the top dead and enduring myths of 2014.
Dean Baker
  • 17

The Bipartisan Cromnibus Saga: A Final Assessment

With the passage of the spending bill, the keepers of convention – like The Washington Post editorial page – want applause for bipartisan achievement. But if that "spirit might flourish," most Americans will pay the price.
Robert Borosage
  • 60

The Ominous ‘Cromnibus,’ A Budget Bill That Should Have Died

With all of the bad stuff that is in the 2015 budget that the House struggled to pass late Thursday, there is also a major story to be told about what's not in the bill. In an ideal world, it would have been voted down.
Isaiah J. Poole
  • 119

Wall Street’s Democrats

America can’t tackle widening inequality without confronting the power and privilege lying behind it. If the Democratic party doesn’t lead the charge, who will?

We Don’t Need More Public Service From Wall Street Bankers

We have a very serious problem of financial regulators who serve Wall Street and not the general public. Our financial regulators have done a terrible job for everyone except the people they are supposed to be regulating.
Dean Baker
  • 10

400 Reasons Our Lives Feel Squeezed

America’s 400 richest are collecting far more of the nation’s income than they did two generations ago — and paying Uncle Sam far less. To fudge these facts, pals of plutocrats are having to work overtime.

The Long, Dark Shadows of Plutocracy

The skyline of New York, and the shadows it casts on all things public, is a physical reminder of how wealth and power get their way without regard for the impact on the lives and neighborhoods of everyday people.
Bill Moyers
  • 25

Seven Years After: Why This Recovery Is Still a Turkey

December will mark the seventh anniversary of the recession brought on by the collapse of the housing bubble. Usually an economy would be fully recovered after seven years. Unfortunately, this is not close to being the case now.
Dean Baker
  • 19

Uncle Sam Needs Some Better Nephews

The kingpins of Congress have spent years carving tax loopholes that help America’s CEOs fleece the federal treasury. Now these kingpins are pushing a corporate tax ‘reform’ that ignores the loopholes.

The Peasants Still Have Their Pitchforks

Americans want what 21st century politics has so far not delivered: real options for challenging concentrated wealth. That's one conclusion from new polling that gave Americans a choice of seven tax policy options.

It’s Time To Work On America’s Agenda

For all the talk of change in Washington, families are getting squeezed by an economy that isn’t working for them. The solution requires recognizing the kind of changes needed if families are going to get a shot at building a secure future.

Full Employment: The Recovery’s Missing Ingredient

Economists come up with complexities when a shave with Occam’s razor is all that’s needed. The bargaining power of most American workers is at a historical low point. The best way to restore it is to get the economy back to full employment.
Dean Baker
  • 15

Secret Amazon: The Hidden Costs of Big Tech

Our society runs on a digital myth, a myth which says that the technology-based economy is different, special and somehow not subject to the principles of mathematics and human nature that govern the rest of our lives.
Richard Eskow
  • 11

Democracy Lite: All Form and No Substance

America’s most powerful economic policy maker dramatically charges that inequality is choking off opportunity for average families. Political candidates across the nation pay absolutely no attention.

Wal-Mart Scrooges Us All

Once again, the Waltons — the exploitative multibillionaire heirs to the Wal-Mart fortune — get the goldmine, while workers and taxpayers are stuck with the shaft. It's shameful. But shameful is one of Walmart's core values.
Jim Hightower
  • 31

Retailers, Bankers and Democrats Agree

Both Wall Street and Main Street want action. They want incomes, consumer confidence and purchases all to rise, triggering business profits to do the same. They’ve recognized the enemy to their bottom lines.
Leo Gerard
  • 11

The Damage From A High US Trade Deficit

Some economists blame upward redistribution of income, which reduces overall demand, for excessive unemployment. However, upward redistribution is only part of the explanation. The trade deficit is a much bigger part of the picture.
Dean Baker
  • 11
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