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Six Ways Existing Economic Models Are Killing the Economy

Nick Hanauer The American Prospect
Economic models do not, and never can, fully reflect the extraordinary complexity of human markets. The point is to create useful abstractions to provide decision-makers with a sense of the budgetary and economic impacts of a given policy proposal.

Tidbits - Sept. 10, 2020 - Reader Comments: Trump Calls Out White Supremacists; Trump and Military Veterans; Billionaires Plunder Working Folks; Allende Remembered - the Other 9/11; Congress Must Act - COVID Jobs Losses Continues; Lots of Announcements;

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Reader Comments: Trump Calls Out White Supremacists; Trump and Military Veterans; Billionaires Plunder Working Folks; Allende Remembered - the Other 9/11; Why Congress Must Act - COVID Jobs Losses Continues; Lots of Announcements; and more...

No Justice. No Peace.

Mehrsa Baradaran The American Prospect
Underlying the nationwide protests for black lives is the racial wealth gap.

We Are Living in a Failed State

George Packer The Atlantic
The coronavirus didn't break America. It revealed what was already broken. Trump acquired a federal government crippled by years of right-wing ideological assault and steady defunding. He set about finishing the job, destroying the civil service.

We, the Plutocrats vs. We, the People - Saving the Soul of Democracy

Bill Moyers Tom Dispatch
Our country's greatest failing, the true disaster, of our time: the scourge of growing inequality, economic and political. It is despicable as the very wealthy convert their financial might into political power to guard that wealth while exacerbating inequality further. This is the vast difference between a society whose arrangements serve all its citizens or one whose institutions have been converted into a stupendous fraud - democracy in name only.

The Ever-Growing Gap: Failing to Address the Status Quo Will Drive the Racial Wealth Divide for Centuries to Come

Chuck Collins, Dedrick Asante-Muhammed, Josh Hoxie and Eman Institute for Policy Studies
The typical millionaire receives about $145,000 in public tax benefits, while working families get a grand total of $174 on average. In 2043, minorities will be the majority and the will have doubled. The lingering effects of generations of discriminatory and wealth-stripping practices have left black and Latino households far behind white families, and may impact their economic trajectories in the decades to come.
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