Inequality

Inequality

What Can Be Done?

Book - 2015
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Winner of the Richard A. Lester Award for the Outstanding Book in Industrial Relations and Labor Economics, Princeton University
An Economist Best Economics and Business Book of the Year
A Financial Times Best Economics Book of the Year

Inequality is one of our most urgent social problems. Curbed in the decades after World War II, it has recently returned with a vengeance. We all know the scale of the problem--talk about the 99% and the 1% is entrenched in public debate--but there has been little discussion of what we can do but despair. According to the distinguished economist Anthony Atkinson, however, we can do much more than skeptics imagine.

"[Atkinson] sets forth a list of concrete, innovative, and persuasive proposals meant to show that alternatives still exist, that the battle for social progress and equality must reclaim its legitimacy, here and now... Witty, elegant, profound, this book should be read."
--Thomas Piketty, New York Review of Books

"An uncomfortable affront to our reigning triumphalists. [Atkinson's] premise is straightforward: inequality is not unavoidable, a fact of life like the weather, but the product of conscious human behavior.
--Owen Jones, The Guardian

Publisher: Cambridge, Massachusetts : Harvard University Press, 2015
ISBN: 9780674504769
0674504763
Characteristics: xi, 384 pages ; 25 cm
Call Number: 339.22 ATK

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StarGladiator
Oct 11, 2018

I always experience a quick, sinking feeling when I read a book which contains quotations from the Pew Research Center, and the University of Chicago and, God help us, Harvard's Martin Feldstein [who gave us endless bunkum from the NBER, of which he is an emeritus person - - Feldstein was a director of AIG/Financial Products group - those dudes who sold $480 billion worth of credit default swaps {insurance scam devices} with a potential payout of between $20 trillion to $40 trillion, which was why the US gov't took over AIG, if you'll recall - - Feldstein was also a director of Eli Lilly when they were hit with the then-largest historic penalty fine for illegal marketing of wrong drugs - - Feldstein was a director at HCA when they made the then-largest historic out-of-court settlement for Medicare/Medicaid fraud - - so I do not consider Harvard's Martin Feldstein a quotable source for anything, other than how he continues to avoid prison time!].
The problem with these non-informative types is that the answer is infinitely simple: concentration of ownership. We hear [at least I certainly have] endless USELESS shows on radio/TV and online about the high costs of healthcare yet - - NEVER - - does anyone ever mention the major three causes? Now isn't that most peculiar? [They are (1) concentration of ownership, the top 10 to 50 healthcare insurance companies and biopharmaceutical corps all have the same majority shareholders - - the Big Four: BlackRock, Vanguard Group, State Street and Fidelity {FMR}; (2) private equity leveraged buyouts across the healthcare sector; and (3) hedge fund speculation across the healthcare sector.]
It is that simple . . .
[And who are the majority shareholders of the top six banks: Duh!!!!! BlackRock, Vanguard Group, State Street and Fidelity!]
Yet we have an almost infinite supply of pseudo-econs who are unable to explain this?!?!

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