Download: PDF | EPUB The rich get richer . It’s a phrase that packs a lot of punch. It’s potent rhetoric, yet surprisingly accurate at describing how rising inequality plays out. Of course, there’s nothing inevitable about the rich getting richer. We just happen to live in an age of growing corporate despotism. And our friends at Forbes have been there to document the disease. Forbes . Forbes who loves the free market.
Download: PDF | EPUB Have you ever wondered what it takes to become a billionaire? Do you need rare genius? Exceptional acumen? Miraculous foresight? An uncompromising work ethic? On all four counts, the answer is no. It turns out that to become a billionaire, what you really need is the right social setting . You need to live in a society that is suitably rich and appropriately unequal.
DT Cochrane and I look at the network of corporate power behind Canada’s richest families.
With my postdoctoral fellowship wrapping up, I muse about what comes next.
I’m sick of the AI hype and scaremongering. The idea that AI could take over the world is laughable.
Twitter trolls don’t think much of my chart relating income inequality to murder rates. Here’s a detailed response.
How do you tell the story of plutocratic crime? If you’re Cory Doctorow, you write a detective novel about a forensic accountant. It’s a must-read book that sheds light on the often-ignored world of elite finance.
Nitzan and Bichler show that the ratio of net interest to profit is strongly related to the rate of unemployment. Here’s my take on their research, along with some data updates.
Do higher interest rate increase unemployment? I look at the evidence and find it lacking.
Are interest rates a neutral policy variable? Or are they a tool for class warfare? It turns out that the evidence speaks for itself. Here are three ways that higher interest rates redistribute income.
