Search Results for: wealth

Research has shown that emotional repression causes authoritarianism (Altemeyer, Adorno, Stenner et al). Fundamentalist religious groups favor the most repression, culturally — ergo, fundamentalist groups are at the highest risk for nurturing authoritarian traits. Emotional repression is the keystone of fundamentalist parenting. The strict application of “Biblical law” as cherry-picked by extremists is inherently contradictory […]

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Mythology has it that “reckless Democratic spending” is to blame for the ballooning of the national debt — though the historical record shows otherwise. In fact, the conservatives‘ beloved demi-god Ronald Reagan was the first President to skyrocket the debt, thanks to some bunk ideas from an old cocktail napkin that linger to this day […]

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The estate tax only kicks in at $5.4m in wealth — so it’s not about the “American worker”! Repealing it would give away $270 billion to rich elites. TheΒ conceptΒ ofΒ “doubleΒ taxation”Β isΒ aΒ redΒ herring,Β becauseΒ mostΒ estatesΒ containΒ realΒ estateΒ assetsΒ whoseΒ capitalΒ gainsΒ haveΒ neverΒ beenΒ realizedΒ andΒ taxed.Β 

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Economics Dictionary This economics dictionary and lexicon is a work in progress, so please pardon the dust — I’ll be adding to it over time. The goal is to democratize the esoteric language of economics, and arm more people with the tools to understand policy decisions — and identify bad ones. Economic literacy ought to […]

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Inequality is the difference in measures of economic well-being between individuals in a group, among groups in a population, or among countries. Also known as economic inequality; inclusive of both income inequality and wealth inequality. In the United States, the data broadly shows shared economic growth and prosperity in the post-WWII period until the 1970s, […]

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Or: How Milton Friedman destroyed Western civilization, the neolliberalism story. An economic ideology first theorized in the 40s and 50s by scholars, it was brought to popular attention in the 1970s by the works of economist Milton Friedman and novelist Ayn Rand among others. It grew in popularity and became widely adopted in U.S. economic […]

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It’s not just here at home in the US that fascism seems to have taken root in the population. There are many burgeoning nationalist movements resurrecting right-wing populism around the world, and as per many experts’ warnings, right-wing authoritarianism is on the rise around the globe. Many of the right-wing populist thatches that have sprung […]

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On May 31, 1921, a mob of murderous whites descended on the Greenwood neighborhood of Tulsa, Oklahoma dubbed Black Wall Street, and razed it to the ground. They dropped homemade bombs in the first ever domestic aerial attack on American soil, during the Tulsa Race Massacre following the end of World War I. Over three […]

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Empathy is the capacity, ability, and willingness to understand or share the feelings of someone else. It is to harmonize with that person (or animal, or even fictional character…) and synchronize with their mood — to walk a mile in their shoes. The word empathy comes from a Greek word meaning “suffering,” which describes the […]

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January 6: A Day that will live in ignominy. The day Capitol riots broke out when an angry mob, following instructions from Donald Trump, stormed the halls of Congress and came within minutes of a potential hostage situation or worse: a massacre. I’m still processing the events of Wednesday, as are many. Even though I […]

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A concept that describes the impact to the world of children in poverty, under excessive inequality, and in other circumstances that contribute to the loss of that individual’s gift to the world. It is one of many ways to try and measure the effect of the negative externalities of lightly regulated laissez-faire capitalism. There is […]

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Kleptocracy, a term derived from the Greek words “kleptΔ“s” (thief) and “kratos” (rule), refers to a government or state in which those in power exploit national resources and steal; it’s essentially “rule by thieves.” The nation’s leaders harbor organized crime rings and often participate in or lead them; the police, military, civil government, and other […]

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Magical Thinking abounds in late-stage capitalism Magical thinking is a form of purely imaginative cognition exhibited in childhood, in which children pretend that they will be able to get whatever they wish for without regard for the actual realities of the world. Not limited to children, magical thinking is a common trait exhibited by the […]

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