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Top Editorial Picks
Encore: Taming Capitalism Run Wild
From: MOYERS & COMPANY
Economist Richard Wolff talks about battling rampant capitalism and fighting for economic justice. A Professor of Economics at the University of Massachusetts, Wolff has written many books on the effects of rampant capitalism, including Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It. Read more at MOYERS & COMPANY
Wealth Inequality Video Goes Viral
The issue of wealth inequality across the US is well known, but this video shows you the extent of that imbalance in dramatic and graphic fashion. The viral video on Mashable relies heavily on a 2011 Mother Jones article and information from CNNMoney and ThinkProgress, and challenges the relationship between free market capitalism and community values.
The Great Reversal
How America Gave Up on Free Markets | By Thomas Philippon
Thomas Philippon, one of the world’s leading economists argues that many key problems of the American economy are due to the concentration of corporate power and not to the flaws of capitalism or the inevitabilities of globalization. By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth. The data from his cutting-edge research proved undeniable. American markets, once a model for the world, are giving up on healthy competition. It answers the questions like “Why are cell-phone plans so much more expensive in the United States than in Europe?”
Read more at the Harvard University Press
The Age of Acquiescence:
The Life and Death of American Resistance to Organized Wealth and Power | By Steve Fraser
Do you ever wonder how the economy became so bad for the average American worker and college grad? Is it the government? Maybe, but Steve Fraser, a labor historian, shows that our current economic hardship is traced to the moral behavior of the banks, financial institutions and the elite rich in a second Gilded Age.
A Call to Action
Women, Religion, Violence, Power | By Jimmy Carter
Calling it the number one challenge in the world today, Jimmy Carter’s new book “A Call To Action,” urges the end of discrimination and abuse against women. Although discrimination is not new, Carter argues the scale is historically unprecedented, from slavery to rape and infanticide to honor killings.