"The underlying problem is in the model of production and consumerism, in the ownership of natural resources and in the unequal distribution of wealth." Today, 26 people in the world have the same wealth as 3.8 billion people.
Acclaimed Marxist sociologist Immanuel Wallerstein, author of numerous works on capitalism as a world-system, including a sterling four volume study completed in 2011, died on August 31 at the age of 88. A fulsome remembrance appears below.
HBO's Succession peeled back the layers of the all-powerful Roy family, a Murdoch-like media empire built by despicable, ruthless people, and what it showed us was more putrid and awful than we ever could have imagined.
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality