Tag Archives: paul krugman
Wealth redistribution continues to be funneled to sociopaths
Robert Benmosche, the chief executive of the American International Group, said something stupid the other day. And we should be glad, because his comments help highlight an important but rarely discussed cost of extreme income inequality — namely, the rise of a small but powerful group of what can only be called sociopaths. http://www.nytimes.com/2013/09/27/opinion/krugman-plutocrats-feeling-persecuted.html?src=me&ref=general Mr. […]
House bill grows subisdies for agribiz, nixes food stamps
Farm bills have had two major pieces. One piece offers subsidies to farmers; the other offers nutritional aid to Americans in distress, mainly in the form of food stamps (these days officially known as the Supplemental Nutrition Assistance Program, or SNAP. http://www.nytimes.com/2013/07/15/opinion/krugman-hunger-games-usa.html?_r=0 When subsidies helped many poor farmers, you could defend the whole package as […]
Austerity programs benefit the elite 1%
A recent research paper by the political scientists Benjamin Page, Larry Bartels and Jason Seawright compares the policy preferences of ordinary Americans with those of the very wealthy, and the results are eye-opening.http://www.nytimes.com/2013/04/26/opinion/krugman-the-one-percents-solution.html?src=me&ref=general&_r=1& The average American is somewhat worried about budget deficits, which is no surprise given the constant barrage of deficit scare stories in […]
Dirty Babylon 