Assorted content for your Sunday reading.
- The Tyee's recent series on important sources of inequality is well worth a read, as Emily Fister interviews
Andrew Longhurst about precarious work and
Sylvia Fuller about the role of motherhood.
- David Cole
asks just how corrupt U.S. politics have become, while Frances O'Grady
observes that U.K workers don't believe for a second that their employer can't afford to pay living wages. Robert Reich
sees Detroit as a prime example of wealthy individuals shirking their responsibility to pay for the public goods they enjoy. And Joseph Stiglitz
notes that gross imbalances in political influence result in markets and other institutions serving only the privileged few rather than the general public:
What we have been observing –
wage stagnation and
rising inequality, even as wealth increases – does not
reflect the workings of a normal market economy, but of what I call
“ersatz capitalism.” The problem may not be with how markets
should or
do work, but with our political system, which has failed to ensure that
markets are competitive, and has designed rules that sustain distorted
markets in which corporations and the rich can (and unfortunately do)
exploit everyone else.
Markets, of course, do not exist in a vacuum. There have
to be rules of the game, and these are established through political
processes. High levels of economic inequality in countries like the US
and, increasingly, those that have followed its economic model, lead to
political inequality. In such a system, opportunities for economic
advancement become unequal as well, reinforcing low levels of social
mobility.
Thus,
Piketty’s forecast of still higher levels of inequality does not
reflect the inexorable laws of economics. Simple changes – including
higher capital-gains and inheritance taxes, greater spending to broaden
access to education, rigorous enforcement of anti-trust laws,
corporate-governance reforms that circumscribe executive pay, and
financial regulations that rein in banks’ ability to exploit the rest of
society – would reduce inequality and increase equality of opportunity
markedly.
If we get the rules of the game right, we might even be able to restore the rapid and shared economic
growth that characterized the middle-class societies of the
mid-twentieth century. The main question confronting us today is not
really about capital in the twenty-first century. It is about democracy
in the twenty-first century.
- On the bright side, people can generally recognize corruption where it exists, as Thomas Frank
points out what happens when corporate scams are put to the test in court: a California jury refused to accept a prosecution argument that mortgage lenders cared whether loan applications were accurate (in a trial aimed only at punishing borrowers while painting banks as victims). But Yves Smith
makes clear that the greediest of the greedy are only getting more insistent on securing perpetually larger rents over growth in equity.
- Alison
writes that a botched war after he first tried to push Canadian troops to Iraq over public objections, Stephen Harper has finally managed to get that done - while scrupulously ignoring any of the lessons that should be obvious from the U.S.' previous disastrous stay. And Peter Bergman and David Sterman
observe that the
politicians shrieking about North Americans being recruited into foreign fighting forces are doing so without any basis in reality.
- Finally, Michael Spratt
slams the Cons' counterproductive spin on crime:
How can a government so keen to combat lawlessness make such a botch
of its own laws? How can a government composed of law-and-order types be
so astoundingly ignorant of how the law actually works?
The answer seems obvious: This government doesn’t really care about
fighting crime, about victims, about respecting our most fundamental law
— the Constitution. What they do care about is politics — and for
Stephen Harper, wrapping himself in his crime-fighter cape is a lot more
important than passing laws that work, or make sense.
That the Conservatives are indifferent to the pursuit of justice is
something demonstrated by their actions, not their words. They cut the
Department of Justice’s research budget by $1.2 million. According to
an internal government report, the Justice Department’s research budget
was slashed just as an internal report for the deputy minister was
warning its findings “may run contrary to government direction” and have
“at times left the impression that research is undermining government
decisions” and is not “aligned with government or departmental
priorities.”
Why stop at suppressing the dissenting opinions of the experts when you can stifle them altogether?