Inequality






A vigorous case for the super rich is argued by Edward Conard of Bain Capital in an interview with Adam Davidson for the New York Times Magazine: Ever since the financial crisis…




Natalie Solidarity writes at Diatribe Media: According to the Women’s Law Center, women face unequal pay for equal work, earning on average only 77¢ for every dollar earned by men, with African…


If you work on Wall Street it’s time to take Bill’s Hicks’ advice for advertising and marketers … because this will never happen. Sheila Bair writes in the Washington Post: Are you…




Even in an Occupy world, most Americans don’t know exactly how the 1% does what it does. The mainstream media hasn’t explained it, and the 1% likes things that way.

That’s why we’ve created a new video series unmasking those in the 1% who are exploiting the 99%–name by name, fact by fact. Each short video–one minute apiece–lays out the truth about a different tycoon. These aren’t opinions; these are facts, condensed into bite-sized chunks. Occupy has already revealed the country’s widespread outrage at the 1%; now it’s time for the plutocracy’s dirty deeds to be common knowledge.

The best part? Brave New Foundation’s audience chose the people we’re highlighting. We solicited suggestions on nominees, narrowed them down to 30, and let our audience vote on which ones they thought deserved to be exposed. The new videos represent five of the top vote-getters, with more videos on the way for the rest. Here’s one:

Of course, the 1% would like to keep its activities shrouded in secrecy…


Al Jazeera’s Fault Lines visits Chile to look at the student uprisings that have been going on for months. Students have taken over and occupied schools and universities — in opposition to the prohibitively expensive, poor-quality education system and politicians who say that their main priority is to provide “certainty for investors”. Does Chile’s extremely privatized, class-segregated education system provide a warning of where the United States could be headed?






HannibalMitchell Anderson writes in the Toronto Star:

Given the state of the global economy, it might not surprise you to learn that psychopaths may be controlling the world. Not violent criminals, but corporate psychopaths who nonetheless have a genetically inherited biochemical condition that prevents them from feeling normal human empathy.

Scientific research is revealing that 21st century financial institutions with a high rate of turnover and expanding global power have become highly attractive to psychopathic individuals to enrich themselves at the expense of others, and the companies they work for.

A peer-reviewed theoretical paper titled “The Corporate Psychopaths Theory of the Global Financial Crisis” details how highly placed psychopaths in the banking sector may have nearly brought down the world economy through their own inherent inability to care about the consequences of their actions …




Completed a few weeks before the Occupy Wall Street protests began, the latest episode of Al Jazeera’s fantastic Fault Lines program takes a hard look at the wealthiest 1% in the United States, including talking to those in the 1% about what their wealth means:


Via TED Talks:

We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.


Occupy George is a (presumably illegal) attempt to convey the reality of wealth distribution in the United States to the public by adding pertinent information to paper currency and circulating it as…


Eat The RichInteresting points from TechCrunch founder Michael Arrington:

Tax the rich. Those bastards.

I get why people who aren’t rich hate those that are. No one really cares what they have, they only care what they have relative to others. When there is inequality, and there always is, even the hyper intelligent call for a redistribution of wealth. It’s an enduring longing for us as a species, and no evidence to the contrary will convince people it just doesn’t work in any large group.

What I really didn’t understand until recently though is why so many rich Americans seem to loathe their richness as much as everyone else does. Many in Silicon Valley want to tax the rich into the middle class and let government spend and spend and spend. The super rich tech elite flock to Obama, joining in the call to screw the rich as loudly as all the rest.

Then I figured it out. As I wrote then, the super rich won’t mind at all if we “tax the rich” as it’s currently defined. That’s because people who are super rich don’t really pay taxes…