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Saturday, December 28, 2013

The Fear Economy - NYTimes.com

English: 1896 Judge cartoon shows William Jenn...
English: 1896 Judge cartoon shows William Jennings Bryan/Populism as a snake swallowing up the mule representing the Democratic party. (Photo credit: Wikipedia)
The Fear Economy - NYTimes.com:

 "There’s been a somewhat strange debate among progressives lately, with some arguing that populism and condemnations of inequality are a diversion, that full employment should instead be the top priority. As some leading progressive economists have pointed out, however, full employment is itself a populist issue: weak labor markets are a main reason workers are losing ground, and the excessive power of corporations and the wealthy is a main reason we aren’t doing anything about jobs."


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