That was the title of an old British sitcom. It is also an appropriate question in today's economy. David Cay Johnston does us all a favor by focusing our attention on the plight of our modern era domestic class.
I have written about this topic both directly and tangentially for years: inequality is the defining issue [more…]
Dean Baker complains about AIG bonuses being honored because they're contracts, whereas Detroit and, possibly, Chicago city employees pensions are in line to be slashed despite being contracts.
Such is life in a plutocracy.
This really ought not surprise anyone. The rules for the elite are, and have always been, different. A contract to pay [more…]
I can understand why capitalists are opposed to democracy: the impulse of the masses is - usually - to redistribute some of the loot downwards to their own pockets and away from those who "earned" it. I suppose it all depends on what you mean by "earned".
I have a harder time understanding why some [more…]