Tag Archives: Poverty

Princeton economist estimates there are 5.3 million Americans who are ‘absolutely poor’ by global standards MarketWatchKey Words: U.S. has more truly destitute people than either Sierra Leone or Nepal, says Nobel economist Deaton Greg Robb | Senior Economics Reporter

By J.D. ALT We define poverty, I suppose, as that living condition which is unable to acquire enough dollars to purchase some, or most, of the basic necessities of life. It also seems to be an accepted notion that a certain amount of “poverty” is a necessary condition of our modern market economy—that a certain segment of the population will always be “unemployable” by the profit-oriented business community, either because they lack skills or because the business community simply does...

Over at the website of the Calgary Homeless Foundation, I’ve  written a blog post about the Trudeau government’s recently-unveiled National Housing Strategy. Points raised in the post include the following: -One of the Strategy’s stated objectives is to reduce chronic homelessness in Canada by 50% over 10 years. -The Trudeau government claims that this is Canada’s “first ever” national housing strategy. That claim may not be accurate. -The Trudeau government appears to be overstating the...

Posted by Nick Falvo under aboriginal peoples, Alberta, budgets, Child Care, cities, demographics, education, employment, environment, fiscal federalism, fiscal policy, gender critique, homeless, housing, HST, income, income distribution, income support, Indigenous people, inflation, minimum wage, municipalities, NDP, oil and gas, poverty, privatization, progressive economic strategies, Role of government, social policy, taxation, wages, women. November 29th, 2017Comments:...

Dr. Colin Phillips is an up-and-coming scholar in Canada’s homelessness sector. He has an opinion piece in today’s Toronto Star titled “Why Toronto needs a national housing strategy.” Points made in the opinion piece include the following: -The City of Toronto has worked hard to develop good practices on the ground to address homelessness. -But, like all of Canada’s major urban centres, it can’t properly address homelessness without substantial increases in funding from the federal and...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. South Africans, trying to come to grips with the astonishing scale of the crisis, have adopted a once-obscure political science term, “state capture,” as a staple of even casual conversation … Yet previous examples of state capture have almost always involved a broad cast of protagonists: an entire industry, for example, or wealthy businessmen as a group. In South Africa, it may have been pulled off by a single family....

Guest post by Jeff Mosenkis of Innovations for Poverty Action. South Africans, trying to come to grips with the astonishing scale of the crisis, have adopted a once-obscure political science term, “state capture,” as a staple of even casual conversation … Yet previous examples of state capture have almost always involved a broad cast of protagonists: an entire industry, for example, or wealthy businessmen as a group. In South Africa, it may have been pulled off by a single...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. South Africans, trying to come to grips with the astonishing scale of the crisis, have adopted a once-obscure political science term, “state capture,” as a staple of even casual conversation … Yet previous examples of state capture have almost always involved a broad cast of protagonists: an entire industry, for example, or wealthy businessmen as a group. In South Africa, it may have been pulled off by a single family....

Michael Stephens | October 27, 2017 Today at the New School, L. Randall Wray and Stephanie Kelton take part in a public workshop organized by the National Jobs for All Coalition that is focused on developing a “A New ‘New Deal’ for NYC and the USA.” Wray and Kelton will be sharing initial findings from an upcoming Levy Institute project that proposes a universal job guarantee for the United States. The program would create...

Hat tip Lambert Strether at Naked Capitalism. Bruce Boghosian runs the numbers and shows that without redistribution of wealth, the rich get richer and everyone else gets poorer… Using a mathematical model devised to mimic a simplified version of the free market, he and colleagues are finding that, without redistribution, wealth becomes increasingly more concentrated, and inequality grows until almost all assets are held by an extremely small percent of people. “Our work refutes the idea...