We tend to perceive our identities as stable and largely separate from outside forces. But over decades of research and therapeutic practice, I have become convinced that economic change is having a profound effect not only on our values but also on our personalities. Thirty years of neoliberalism, free-market forces and privatisation have taken their toll, as relentless pressure to achieve has become normative. If you’re reading this sceptically, I put this simple statement to you: meritocratic neoliberalism favours certain personality traits and penalises others. Continue reading Neoliberalism has brought out the worst in us | Paul Verhaeghe | The Guardian
Category Archives: Economics
The Secret #GoldmanSachs Tapes – Bloomberg View
(Updates fourth paragraph to include reference to ProPublica article containing Carmen Segarra’s allegations.)
Continue reading The Secret #GoldmanSachs Tapes – Bloomberg View
Obama Defends Economic Progress On His Watch Ahead Of Midterms
EVANSTON, Ill. (AP) — President Barack Obama acknowledged his pivotal role in the midterm political campaign Thursday, arguing that the November congressional elections are a referendum on his economic policies and blaming Republicans for blocking his efforts to boost wages and create more jobs. Continue reading Obama Defends Economic Progress On His Watch Ahead Of Midterms
Jared Bernstein: The new inversion rules are a fine start, but the business tax code needs serious attention
September 26th, 2014
Now that the dust has settled a bit on the Treasury’s exciting announcement of their new inversions rules, let’s kick back and cogitate a bit more on a few of the many remaining issues in the US corporate code.
Jared Bernstein: 2013 #poverty and #income results: Rising tide lifts a few boats, but the levee needs work
By Jared Bernstein
They’re out and I’ve got an extensive analysis up at PostEverything. For here, some highlights.
–The poverty rate fell more than I expected last year–down half-a-percentage point from 15% in 2012 to 14.5% in 2013. It was fully driven by a sharp decline in child poverty rate, which fell almost two percentage points, from 21.8% to 19.9%, the largest one-year decline since 1966.
Jared Bernstein: Absent full employment or a bubble, middle class income and wealth will fall
By Jared Bernstein
September 15, 2014
Robert Samuelson covers some useful ground this morning, reviewing income and net worth trends from the recent Survey of Consumer Finances, a triennial (it comes out every three years) survey of family income and wealth. I wanted to add a few points regarding timing of the trends he cites.
Larry Summers adds concerns about insufficient supply to those about inadequate demand…to which I ask, “why go there?” | Jared Bernstein | On the Economy
Larry Summers adds concerns about insufficient supply to those about inadequate demand…to which I ask, “why go there?”
Jared Bernstein: A win-win approach to increase the future labor force
Other than supply and demand, the U.S. economy is doing fine.
Continue reading Jared Bernstein: A win-win approach to increase the future labor force