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"This market-driven 'sustainable' vision of economic activity, ecological-conscious diets and 'hipness' within modern capitalism reinforce inequality and still hurt the environment."
The characteristic of the shift over the past half-century is that of a structural change that despite provoking a series of crises, has not been effectively addressed. The result has been a widespread increase in inequality, interlinked with stagnation or even a decrease of purchasing power and living standards for ...Read More
Wow. This reads like the start of a dystopian dark comedy novel. Such a sad, and likely portentous, fate for such a beautiful place.
“5 million New Yorkers have no rent protection at all. Over half of low-income tenants in the state are currently paying more than 50 percent of their income in rent.” Wild to see this article merely two weeks after I left NYC and set my sights on places like Portland ...Read More
"Relevant" detail here: author is literally descended from California land barons and old-money philanthropists
Yessssss, thissssssss — hallelujah, Sweet Reason! — ‘“Congress does not have to borrow—that’s completely optional. Instead the government can let people hold cash. That way there would not be fights over the debt and debt ceiling,” Kelton said. Critics of MMT often argue that such policies could lead to hyperinflation. But Kelton does not see that as a threat in the U.S. ...Read More
"Forget the 1 percent for a moment. It’s the top fifth that rules."
As a parallel: if I come into possession of an EpiPen, and I encounter a child experiencing a severe allergic reaction, the question of whether I am obligated to inject the child is distinguishable from the question of whether I obtained the pen legitimately. #wealth #inequality