Reform Is Not Enough to Stem the Rising Tide of Inequality Worldwide

We are nearing 2016, the year when the richest 1 percent of humanity will own more than the rest of the world, according to projections made by thenongovernmental organization Oxfam. This is up from the 1 percent owning 44 percent of the world’s wealth in 2010 and 48 percent in 2014. If current trends continue, […]

Bernie Sanders: To Rein In Wall Street, Fix the Fed

WALL STREET is still out of control. Seven years ago, the Federal Reserveand the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it was before the bailout. If any were to fail again, taxpayers could be […]

Wait: Maybe Europeans are as Rich as Americans

You can cherry-pick brief periods along the bottom diagonal to support any argument you like. But between 1970 and 2014, U.S. real GDP per capita grew 117%. The EU15 grew 115%. (Rounding explains the 1% difference shown above.) Statistically, we call that “the same.” Which brought me back to a question that’s been nagging me […]