A review of the book “The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class,” by Michael J. Casey is presented.
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Posts Tagged ‘INCOME distribution’
A review of the book “The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class,” by Michael J. Casey is presented.
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August 27, 2012 Tags: BOOKS -- Reviews, INCOME distribution, NONFICTION
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The article considers economics research on the impact of income inequality on financial crises. Studies indicating that increased income inequality in the U.S. generated increased demand for debt leading to the housing bubble of the 2000s and subsequent global financial crisis are contrasted with research finding that it is cheap and widely available debt itself that causes crises, with income inequality not a factor.
Read MoreMarch 17, 2012 Tags: BUSINESS cycles, DEBT, ECONOMICS -- Research, FINANCIAL crises, INCOME distribution, RESEARCH
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The article discusses economic opportunities in the U.S. as compared to other countries and regions such as Western Europe, Japan, and New Zealand. The author states that in the U.S., there is less equality in terms of economic opportunity than there is in the majority of the Western European nations. He argues that the increasing income inequality in the U.S. might actually be the reason why the U.S. is not as mobile as it once was in terms of income. He cites a 2007 study by the Organisation for Economic Cooperation and Development (OECD) which states that the U.S. is behind countries such as Denmark, Canada, and Finland in terms of income mobility.
Read MoreMarch 1, 2012 Tags: EQUALITY, INCOME distribution, INCOMEEUROPE, Western -- Economic conditionsUNITED States -- Economic conditions
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The article discusses income inequality in the U.S. and the history of the group known as the producers who manufacture goods and transport them. The author reports on the producer ethic in world history, including its origins in eighteenth century America and its use by people and groups ranging from the People’s Party, the civil rights movement of the 1960s, and the Occupy movement. He also states that following the great recession in the U.S., political progressives might consider using the producers theory as an argument against the Republican party candidates in the 2012 U.S. presidential election.
Read MoreThe article discusses the Republic Party in the U.S. in 2011 and how they abandoned the poor and middle class voters that supported them by passing legislation benefiting the wealthiest Americans. Information is provided on why the party moved away from fiscal discipline in favor of tax cuts for the wealthy, how Republic-backed legislation has increased economic inequality in the U.S. between 1997 and 2011, and how Republicans in Congress contributed to the U.S.’s lowered credit rating. INSETS: The Enablers;The Billionaires’ Best Friend.
Read MoreNovember 24, 2011 Tags: CREDIT ratings -- United States, INCOME distribution, RICH people, TAXATION, TAXATION -- United States
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