I am conscious that an equal division of property is impracticable, but the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property, only taking care to let their subdivisions go hand in hand with the natural affections of the human mind.… Continue reading Thomas Jefferson on Wealth Inequality
Category: politics
China’s Dangerous Lower Middle Class
Back in the 1990s it was often fashionable to argue that increased prosperity would magically transform China into a more liberal political system. Today, that’s clearly not the case. What we’re seeing here, though, is the more likely mechanism for political change—dashed hopes. Peasant farmers often just feel beaten-down and resigned to their fate. But… Continue reading China’s Dangerous Lower Middle Class
China’s Dangerous Lower Middle Class
Back in the 1990s it was often fashionable to argue that increased prosperity would magically transform China into a more liberal political system. Today, that’s clearly not the case. What we’re seeing here, though, is the more likely mechanism for political change—dashed hopes. Peasant farmers often just feel beaten-down and resigned to their fate. But… Continue reading China’s Dangerous Lower Middle Class
Thomas Jefferson on Wealth Inequality
I am conscious that an equal division of property is impracticable, but the consequences of this enormous inequality producing so much misery to the bulk of mankind, legislators cannot invent too many devices for subdividing property, only taking care to let their subdivisions go hand in hand with the natural affections of the human mind.… Continue reading Thomas Jefferson on Wealth Inequality
The liberal backlash that isn’t
with the release of a new Washington Post/ABC News poll – conducted late last week and over the weekend, as the supposed liberal backlash against the deal was at its peak – that shows Obama’s approval rating with liberal Democrats sitting at 87 percent. That’s essentially where it’s been all year; it represents a statistically… Continue reading The liberal backlash that isn’t
Post-Meltdown, Banks Still Rule Derivatives Trade
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts… Continue reading Post-Meltdown, Banks Still Rule Derivatives Trade
Ken Cuccinelli, How to get ahead as a Republican in 2010
Ken Cuccinelli has called homosexuality “intrinsically wrong,” sought to alter the 14th Amendment in order to strip the children of undocumented immigrants of their citizenship, questioned the science of climate change, and dabbled in birtherism. He is, in other words, a near-perfect embodiment of the passions that animate the base of the Republican Party in… Continue reading Ken Cuccinelli, How to get ahead as a Republican in 2010
The liberal backlash that isn’t
with the release of a new Washington Post/ABC News poll – conducted late last week and over the weekend, as the supposed liberal backlash against the deal was at its peak – that shows Obama’s approval rating with liberal Democrats sitting at 87 percent. That’s essentially where it’s been all year; it represents a statistically… Continue reading The liberal backlash that isn’t
Ken Cuccinelli, How to get ahead as a Republican in 2010
Ken Cuccinelli has called homosexuality “intrinsically wrong,” sought to alter the 14th Amendment in order to strip the children of undocumented immigrants of their citizenship, questioned the science of climate change, and dabbled in birtherism. He is, in other words, a near-perfect embodiment of the passions that animate the base of the Republican Party in… Continue reading Ken Cuccinelli, How to get ahead as a Republican in 2010
Post-Meltdown, Banks Still Rule Derivatives Trade
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks. The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts… Continue reading Post-Meltdown, Banks Still Rule Derivatives Trade