Thursday , May 2 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:

Eric Kramer writes An economic analysis of presidential immunity

Angry Bear writes Protesting Now and in the Sixties and Seventies

Lars Pålsson Syll writes The non-existence of economic laws

John Quiggin writes The war to end war, still going on

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Your email address will not be published.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 *