Sunday , December 22 2024

No way out

Summary:
From Shimshon Bichler & Jonathan Nitzan For much of the 20th and early 21st centuries, U.S. unemployment and incarceration went hand in hand. This is how the rulers disciplined their subjects. But during the Great Depression and Great Recession, the link broke, if only temporarily. The following figure shows these patterns. Part of the rational for this two-pronged discipline is illustrated in the next figure: since the Second World War, the income share of the top 10% of the U.S. population has been tightly correlated with the country’s correctional population, although this correlation seems to have broken recently. For more, see our 2004 paper ‘No Way Out’ bnarchives.yorku.ca/391/

Topics:
Editor considers the following as important:

This could be interesting, too:

Dean Baker writes Health insurance killing: Economics does have something to say

Lars Pålsson Syll writes Debunking mathematical economics

John Quiggin writes RBA policy is putting all our futures at risk

Merijn T. Knibbe writes ´Extra Unordinarily Persistent Large Otput Gaps´ (EU-PLOGs)

from Shimshon Bichler & Jonathan Nitzan

For much of the 20th and early 21st centuries, U.S. unemployment and incarceration went hand in hand. This is how the rulers disciplined their subjects. But during the Great Depression and Great Recession, the link broke, if only temporarily. The following figure shows these patterns.

No way out

Part of the rational for this two-pronged discipline is illustrated in the next figure: since the Second World War, the income share of the top 10% of the U.S. population has been tightly correlated with the country’s correctional population, although this correlation seems to have broken recently.

No way out

For more, see our 2004 paper ‘No Way Out’ bnarchives.yorku.ca/391/

Leave a Reply

Your email address will not be published. Required fields are marked *