piketty

A new Bloom County collection of Trump-inspired reboot strips

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In the year since Berke Breathed came out of retirement to cover the 2016 election cycles with Opus, Bill, Milo and the gang, he's amassed enough material to fill a new 144-page collection: Bloom County Episode XI: A New Hope, which comes out in September. Read the rest

300 prominent economists call on world governments to end tax haven secrecy

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Oxfam has published an open letter signed by hundreds of respected economists, including Thomas Piketty, which describes tax havens as "serving no useful economic purpose." Read the rest

Norway's titanic sovereign wealth fund takes a stand against executive pay

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When Norway -- historically one of the poorest countries in Europe -- struck oil in the North Sea, the country put the proceeds into a "sovereign wealth" fund that invested it in other industries and used the returns to pay for an extensive welfare state that has given Norwegians one of the highest standards of living in the world. Read the rest

Forget the one percent, it's the 0.1% who run the show

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The wealthiest one out of 1,000 US families -- the 0.1 percent -- comprise about 115,000 households whose net worth starts at $20M, and goes up and up from there, accounting for at least as much wealth as the poorest 90 percent of US households. Read the rest

Seminar on Jo Walton's Philosopher Kings novels

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Jo Walton (previously) is one of science fiction's great talents, a writer who blends beautiful insight about human beings and their frailties and failings without ever losing sight of their nobility and aspirations. Read the rest

Thomas Piketty on Thomas Piketty

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Crooked Timber's fascinating seminar on Thomas Piketty ran all through December, presenting arguments from economists, social scientists and political theorists from around the world on Piketty's seminal Capital in the 21st Century. Read the rest

Tax havens hold $7.6 trillion; 8% of world's total wealth

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Cass Sunstein reviews The Hidden Wealth of Nations, a new book by UC Berkeley's Gabriel Zucman; and a new documentary, The Price We Pay, both of which map out the scale of international tax-havens, which are used by criminals and corrupt one percenters to hide money from their governments; and by corrupt governments to hide money from their citizens -- the havens are a critical part of the secret, parallel US tax system that lets the rich pay less of their income in tax than the poor. Read the rest

Thomas Piketty seminar on Crooked Timber

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The Crooked Timber folks have assembled a distinguished panel to discuss Thomas Piketty's "Capital in the 21st Century, a must-read economics book (don't be scared by its brick-like appearance!). Read the rest

The more unequal your society is, the more your laws will favor the rich

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Political scientists and economists who've undertaken peer-reviewed research into policy outcomes have concluded that all over the world, and at every level of government, wealth inequality is correlated with corrupt policy-making in which politicians create laws and regulations that favor the rich at the expense of the wider public. Read the rest

Stephen Hawking: robots could give us all material abundance, unless rich people hoard all the wealth

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In a Reddit AMA, the eminent physicist warns that while increasing automation could give us a world of "luxurious leisure," that "most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution." Read the rest

Arbitration: how America's corporations got their own private legal system

In 1925, the Supreme Court ruled that corporations of similar size and bargaining power could use arbitration, rather than courts, to settle their differences; today, corporations demand that customers and employees agree to use the arbitration system for redress of any grievances, while reserving the right to use the courts to attack humans who offend them. Read the rest

Postcapitalism: A Guide to Our Future

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Economist Paul Mason's blockbuster manifesto Postcapitalism suggests that markets just can't organize products whose major input isn't labor or material, but information, and that means that, for the first time in history, it's conceivable that we can have a society based on abundance.

Universities' tax-exempt giga-endowments spend more on hedge fund managers than on education

Growing wealth disparity has produced a new financial hyper-elite who make eight-figure donations to major universities, who hand that money back over to more finance titans in the form of special commissions that are taxed at a ridiculously low rate (making more zillionaire donors). Read the rest

1950s fashion from the cover of Life Magazine, 1914

In 1914, nudity was easy to imagine, but not gentlemen in public without hats. Read the rest

How Seattle's economic boom is destroying the city

Jeff writes, "While reading Cory's recent post about leaving London reminded me more of the unaffordable real estate in Vancouver, British Columbia, it resembles some of the dramatic effects of Amazon and other technology companies driving incredible growth and development here in Seattle. Read the rest

Brian Wood's Starve: get to your comic shop now!

Brian "DMZ" Wood's new comic from IMAGE is Starve, and issue one, which just hit shelves at your local comic shop is the strongest start since Warren Ellis's Transmetropolitan. Read the rest

The Subprimes: a novel of the Piketty/Klein apocalypse

The Harvard Business Review asked me to review Karl Taro Greenfield's magical econopocalypse novel The Subprimes, and I was delighted. Read the rest

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