Hey everyone! In this video, I'm giving you a 2 minute summary of the book "Capital in the Twenty-First Century" by Thomas Piketty. This book is an analysis of the long-term dynamics of wealth and income inequality. Piketty argues that the rate of capital return in developed countries is greater than the rate of economic growth and that this will cause wealth inequality to increase in the future. He recommends a global system of progressive wealth taxes to help reduce inequality...

Economist David Zetland lets us know our place of birth has a much larger impact on our success or failure globally than what we suspect. It is not solely up to us to be successful. The country of our birth has a great impact. The understanding of our luck to be where we are globally impacts our view of people’s success who our born into other countries. “Born (un)lucky?” The one-handed economist, David Zetland I was born an American and...

Die #EZB fordert von #DiEM25 ?20.000 € für "Anwaltskosten". Und das alles nur, weil wir es gewagt haben, nach Informationen zu fragen, die öffentlich zugänglich sein sollten. Wir werden nicht zulassen, dass mächtige Institutionen wie die EZB uns einschüchtern. Unterzeichne die Petition und spende, damit wir uns wehren können! #TheGreekFiles Eine Nachricht von Yanis Varoufakis. Spende: https://i.diem25.org/de/donations/to/petition86 Unterzeichne...

The European Central Bank is demanding from DiEM25 ?20,000 for 'legal fees'. All because we dared to ask for information that should be publicly available. We won't allow powerful institutions like the ECB to intimidate us. Sign the petition and donate to help us fight back! Sign this petition: https://internal.diem25.org/en/petitions/86 Donate: https://i.diem25.org/en/donations/to/petition86 MORE INFORMATION In 2015, the European Central Bank (ECB) forced Greece’s banks to close as...

In 2023, will Emmanuel Macron once again fall into the wrong era by illustrating himself as president of the rich? Unfortunately, this is what is in store with the pension reform. During his first term, he had already chosen to focus on the « first in line » and the abolition of the wealth tax. The result was a powerful feeling of injustice that led to the “gilets jaunes (or yellow waistcoats) » movement, fed up with the new taxes on fuel that they were ordered to pay while the richest...

The new Speaker of the House has vowed not to raise the debt ceiling. This could be problematic. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

An open thread on the insurrection in Brazil. I’d particularly be interested in comments from a Latin American perspective. Share this:Like this:Like Loading...

Video and transcript.Subject: global corporate totalitarianism.Naked Capitalism50 Years After Allende at the UN: a Corporate Triumph Named MultistakeholderismLynn Fries interviews Harris Gleckman, Senior Fellow at the Center for Governance and Sustainability, UMass-Boston; Director of Benchmark Environmental Consulting, and Board Member of the Foundation for Global Governance and SustainabilityOriginally published at GPE Newsdocs

Well, happy 2023 to all my readers. We are back for another year – the 19th in this blog’s existence. All the observers have been waiting for a sign that the US interest rate hikes are slowing the US economy down, which is the mainstream logic that has been used to justify the regressive policy shift. The data, so far, suggests that the inflationary pressures are subsiding as a consequence of the factors other than the interest rate changes which seem to have done little other than...

from Dean Baker The New York Times had a major article reporting on how many people in South Korea, Hong Kong, and Japan are being forced to work well into their seventies because they lack sufficient income to retire. The piece presents this as a problem of aging societies, which will soon hit the United States and other rich countries with declining birth rates and limited immigration. While the plight of the older workers discussed in the article is a real problem, the cause is not the...