Venture capitalism has a disproportionate impact on the economy. It helps to ensure that technological innovation enriches the few and sustains jobless economic growth. Industrial policy in the hands of the government ideally creates wealth and spreads it around. Venture capitalists pick a handful of winners as part of a process of concentrating wealth in fewer and fewer hands.
There's been a steady drumbeat of headlines about this, starting with Governor Brownback's woes in Kansas. It took an interesting and unexpected turn to reveal what's really been happening in many other states. The collapse in oil prices has changed a whole lot of things.
Sen. Bernie Sanders offered a devastating indictment of Ronald Reagan in one chart showing the decline of earnings and growth for the middle class compared to the top 10 percent.
Reaganomics, the plot to appease the rich and condemn the rest, got its comeuppance last week in President Obama's State of the Union speech. The president asked: "Will we accept an economy where only a few of us do spectacularly well?"
In 2014 Republicans bullied Democrats. Republicans proved, once again, they will say and do anything to win. Republicans don't care if they scuttle our democracy along with the fragile economy, to them winning is all that matters.
As inequality grows, the rich become more powerful than the rest of the population, enabling them to veto any policy that impedes their one-sided enrichment. They also become less empathetic toward the rest of the population, whose lives seem less similar to their own with each passing year.
Reagan projected an inclusive form of optimism for certain citizens. Yet Reagan's was far from universal and shut out too many Americans.
Name the hawkish former president that liberals love to hate who cut taxes shortly after taking office, presided over a booming economy with low unemployment, reduced the national debt and whose legacy shapes much of today's debate.
Unless we want an America that is a tale of two cities, a tale of two nations, a "Downton Abby America on steroids," then let's hope that the refreshing message of progressives such as Bill de Basio seize the moment, and the public votes a stop and frisk of Reaganomics.
Republicans claim higher salaries mean lower corporate earnings that crimp jobs and jobs creation. This is usually wrapped in the minimum wage or global competition and applied across the board.
America has lost the recipe for true prosperity. We've forgotten that a healthy economy depends upon steady consumption by working Americans. We've decided to ignore the chasm between the rich and poor.
Republican policy no longer represents the teachings of Jesus. The GOP favors the rich and ignores the poor, disadvantaged, sick, elderly, long-term unemployed, and other unfortunates. Republicans may be religious, but they're not Christians.
Reagan was elected at a time when America was still reeling with self-doubt over its defeat in Vietnam. Though his optimistic campaign message promised better days ahead for the country, his positions on civil rights issues looked backward, not forward.
The beauty of supply-side economics, is that just when you start to believe that it might actually be theoretically true, there's always reality that breaks that fantasy.
Every major event in the last decade has exposed Pax Republicana as a crumbling empire based on false ideologies, none more dangerous than believing in the Tax Fairy that magically grows the economy and fills the treasury when Congress cuts taxes on the wealthy.
Federal judge Richard Posner said his one-time support for deregulating the financial industry was based on a “basic misunderstanding
A new book by an award-winning journalist, Timothy Noah, draws on a broad range of social science research to illuminate the magnitude and causes of the growing income disparity between the most affluent segment of American society and everyone else.
We need to shift from Reaganomics to a social paradigm that renews democracy. The first step is recognition that the real strength of America is its people, not its corporations.