from the New York Times:
How Homeownership Became the Engine of American Inequality
An enormous entitlement in the tax code props up home prices — and overwhelmingly benefits the wealthy and the upper middle class.
Recently Noted – about racism
Education
The Rich Keep Winning – this time in education
A recent NYTimes article from 10.23.2023, “New SAT Data Highlights the Deep Inequality at the Heart of American Education,” alerted me to a report from the National Bureau of Economic Research, “Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges” The report begins with —>> read more –>>
Capitalism
What is financialization and why does it matter? – part 3
Changes in Economic Policy and Regulation In two earlier posts, “What is financialization and why does it matter? – part 1” and “What is financialization and why does it matter? – Part 2” we defined financialization and discussed the changes in the financial sector of the economy as well as —>> read more –>>
Books
Book Review – Revolt of the Rich: How the Politics of the 1970s Widened America’s Class Divide by David Gibbs
Neoliberalism is the word most frequently used by commentators and academics when discussing the changes in the US economy over the past 50 years. For most people, this is a completely useless term. Are we talking about some new form of the New Deal? Then, we must yank ourselves back —>> read more –>>