This and that for your Sunday reading.
- Brian Nolan, Max Roser, and Stefan Thewissen study (PDF) the relationship between GDP and household income across the OECD, and find a nearly universal pattern of nominal economic growth which isn't finding its way into households (which is particularly extreme in the U.S.). Roy van der Weide, Christoph Lakner and Elena Ianchovichina examine (PDF) high-end house prices as an indication of the exorbitant high-end incomes which don't show up in individual tax records. And Sean McElwee and Roberta Barnett discuss how big-money donors are able to distort U.S. politics.
- Sujata Dey points out that even from the standpoint of gross economic numbers, there's reason to be wary of the Trans-Pacific Partnership and other new trade agreements. But Cory Doctorow highlights the greater danger of deals which undermine democratic decision-making and public interests.
- Steven Chase reports on Canada's increased sales of military equipment to human rights abusers.
- Rob Carrick points out that financial institutions are being forced to plan for a millenial generation with little capacity to borrow or save.
- Finally, Nicholas Kristof acknowledges
that the theory behind draconian welfare policies was entirely wrong -
and that the primary effect of restricting access to social programs has
been to foment poverty in a country which can afford to eliminate it.