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Economics
Please Don’t Vote For Me
The Right claims that Occupy Wall Street is secretly dominated by anarchists, but the real inner cabal is composed of smart academics. This movement has learned from all the failed activism of the last forty years. In the 1960s young hippies attempted to overthrow the established order, but their values were completely opposed to those of the working class. Now the young hippies have signs that say, We Are the 99%. (Besides, the working class is no longer scared of long hair.) The Occupiers also refuse to be pushed to the left. They don’t attack capitalism or even the war in Afghanistan. They just say over and over, “Why did they bail out the banks but not us?”
November 2012In Their Backyard
Robert D. Bullard On The Politics Of Where We Put Our Trash
We need a system to determine when a community has already shouldered its fair share. Right now, if someone wants to build a hazardous-waste facility, the EPA or state will assess the risk to nearby residents from that new facility only; the risks posed by the three or four or five polluters already in the area aren’t added to the equation. So there is nothing that might trigger the EPA or state to say that this community is overburdened by pollution.
May 2012
Feral City
My husband, Lee, was the one who heard the abandoned kittens piping and squeaking like an off-key orchestra composed entirely of piccolos and penny whistles. They were hidden in the overgrown weeds of the front yard, and it was raining. There were six of them, looking like featherless baby birds.
May 2012
Capitalism And Its Discontents
Richard Wolff On What Went Wrong
Now let’s look at the history of the individual income tax. In the 1950s and 1960s the top income-tax bracket for an individual was 91 percent. That means that for every dollar an individual earned over a certain amount — let’s just say one hundred thousand dollars — he or she had to give Uncle Sam ninety-one cents. Even in the 1970s it was still 70 percent. What is the tax rate for the richest Americans today? Thirty-five percent. Think of it: the tax rate for the richest Americans went from 91 percent down to 35 percent. Now, that’s a tax cut the likes of which has never been enjoyed by the vast majority of Americans.
February 2012
A Time Of Unexampled Prosperity
Every now and then the world is visited by one of these delusive seasons, when the “credit system,” as it is called, expands to full luxuriance; everybody trusts everybody; a bad debt is a thing unheard of; the broad way to certain and sudden wealth lies plain and open; and men are tempted to dash forward boldly, from the facility of borrowing.
February 2012Painting The Summer Palace Of The Queen
I invade people’s lives for a living. At dawn I climb ladders to their second-story windows and fiddle with their locks. I place flammable materials in their garages and wake their sleeping dogs. I meet flannel-robed housewives as they hurry their husbands out the door.
February 2012
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