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The Book That All The Economists Are Reading: Das Kapital in the 21st Century
Thomas Piketty is a French economist at the Paris School of Economics, and his book Le Capital au XXIe siècle has been freshly released in English as “Capital in the Twenty-First Century”. People are referring to it as Karl Marx: the sequel. And as for Paul Krugman (not exactly famous for his praise): “Piketty has written a […]
read moreWelfare and Entitlements
I’m afraid that I’m away again for a few days – away from reasonable internet, specifically. So I have a few scheduled posts coming up of video infographics that I’ve found especially awesome. I’m starting with this magnificent video clip on welfare and entitlement. Just magnificent*. *my email subscribers probably won’t be able to watch this […]
read moreThe War On The 1% #Kristallnacht
Has anyone heard of Thomas Perkins? Me neither. At least, not until he wrote a letter to the Wall Street Journal, where he said this: Writing from the epicenter of progressive thought, San Francisco, I would call attention to the parallels of fascist Nazi Germany to its war on its “one percent,” namely its Jews, […]
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South Africa’s Inequality Is Not Racist. Well – not entirely.
Of course apartheid is a serious culprit. But there are other problems as well.
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Why Do The Middle Classes In South Africa Pay Their Domestic Workers Such Low Wages?
Here is an article that I read yesterday: “Why Do The Middle Classes In South Africa Pay Their Domestic Workers Such Low Wages?” It’s written by a Human Rights graduate student at Columbia University in New York, with interests in women’s rights, youth and gender in Southern Africa. I don’t really want to turn this […]
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That Gini Might Give You A Headache
Every time I talk about the Gini coefficient, I get vaguely excited. Sure, I’m always disappointed by the “coefficient” part of that phrase – but “Gini” sounds like a neologistic contraction of “gin” and “mini”; being an apt yet euphemistic description for the amount of Bombay Sapphire in my lunchtime tonic. And if you assumed […]
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The Hubbub About Global Wealth Inequality
Following on from my earlier posts on US wealth inequality, I went looking and found another (more awesome) clip – this time, it’s on global wealth inequality. If you haven’t watched this video, you should (it’s slick): And here’s the link for anyone that can’t see it in their inbox. If you’re happy to take […]
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Dear Top 1%. It’s Time To Panic.
I’ve been trying to write this piece on “Reasons why Inequality is a problem for Rich People” for three days now – but I got side-tracked by: Foolishness (The US Inequality Myth); and Ascribing blame (The US Inequality Culprits: Women, Asia and Insatiability). To begin, an anecdote. I live in Johannesburg, and one of my […]
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The US Inequality Culprits: Women, Asia, and Insatiability
This is a follow-on from yesterday’s post on wealth inequality in the United States*. To begin, here’s the picture that riles: *and I must apologise to my blog subscribers – it seems that WordPress is not a fan of sending youtube clips out via email. Here’s the link to the video clip I was discussing […]
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