The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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Inequality

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Increasingly, social science is
If you’re a member of the working class, 1/3 of your pay has been stolen from you. You would think this would be front page news every day until the problem is fixed. Not only is that a huge amount of money for a huge portion of the country, but you would expect our left... Read More
Charles W. Engelhard, Jr., was “
1% Politics and the Scandals of A New Gilded Age
Despair about the state of our politics pervades the political spectrum, from left to right. One source of it, the narrative of fairness offered in basic civics textbooks -- we all have an equal opportunity to succeed if we work hard and play by the rules; citizens can truly shape our politics -- no longer... Read More
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All Are Equal, Except Those Who Aren’t
Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And this phenomenon of ever more concentrated wealth and power has both Newtonian and Darwinian components to it. In terms of Newton’s Animal Farm, the pigs who... Read More
Life History Theory and the Crisis of the White Working Class
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The Inequality Gap on a Planet Growing More Extreme
As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to... Read More
This year, I simply couldn’t get one fact out of my head: unlike our president, I don’t use exclamation points lightly or often.) Or as Oxfam report a year earlier had 62 billionaires owning half the planet’s wealth. Imagine that: 62 to eight in a single year. Then consider what we know about the rise... Read More
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In the United States of Inequality
So effectively has the Beltway establishment captured the concept of national security that, for most of us, it automatically conjures up images of terrorist groups, cyber warriors, or “rogue states.” To ward off such foes, the United States maintains a historically unprecedented
The public denunciation by thousands of women and a few men that they had been victims of sexual abuse by their economic bosses raises fundamental issues about the social relations of American capitalism. The moral offenses are in essence economic and social crimes. Sexual abuse is only one aspect of the social dynamics facilitating the... Read More
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America has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country. In this essay we will discuss the socio-economic roots of inequalities and the relation between the concentration of wealth and the downward mobility of the working and salaried classes. How the... Read More
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In the years since the 2008 economic crisis, financial transactions taxes (FTTs) have gone from a fringe idea to a policy that is in mainstream policy debates. They are seen as a way to both raise large amounts of money and to slow the pace of churning in financial markets. For this reason, most progressive... Read More
There was a time when boys played games of marbles following strict playground rules: contestants had to stand a prescribed distance away from the little pyramid of marbles, and chuck only marbles of the prescribed size. Rules ruled. Piaget was intrigued by the explanations children gave for moral judgements, and the playground is the arena... Read More
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Is Inequality Really Good for the Economy?
To paraphrase Mark Twain, everyone complains about inequality, but nobody does anything about it. What they do is to use “inequality” as a takeoff point to project their own views on how to make society more prosperous and at the same time more equal. These views largely depend on whether they view the One Percent... Read More
Saving the Soul of Democracy
Sixty-six years ago this summer, on my 16th birthday, I went to work for the daily newspaper in the small East Texas town of Marshall where I grew up. It was a good place to be a cub reporter -- small enough to navigate but big enough to keep me busy and learning something every... Read More
Is there a conspiracy to keep wages from rising or is it just plain-old class warfare? Check out these charts from a recent report by Deutsche Bank and see what you think:
Reading Thomas Frank's new book,
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“The top one-tenth of 1 percent in this country own almost 90 percent … as much wealth as the bottom 90 percent,” roared the independent senator from Vermont, Bernie Sanders, at the first Democratic primary debate of 2015, in Las Vegas. Standing for president, Sanders implies, somehow, that there exists in nature a delimited income... Read More
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The Rise of “Criminal Capitalism”
Introduction: About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea. In contrast, only 10% of Danish workers, 15% of Norwegian, 30% of French, 43% of UK and 50% of German workers work 40 or more hours. With the... Read More
Down the Plughole
Growth of Real Hourly Compensation for Production/Nonsupervisory Workers and Productivity, 1948–2011 Is America in the throes of a class war? Look at the chart and decide for yourself. It’s all there in black and white, and you don’t need to be an economist to figure it out. But, please, take some time to study the... Read More
Introduction: Over the past 30 years, wealth has grown exponentially and has become increasingly concentrated foremost in the upper .01%, then the .1%, followed by the 1% and the upper 10% - 20%. The large scale, long-term concentration of wealth has continued through booms and busts of the real economy, the financial and IT crises.... Read More
The Dow Jones stock average closed Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to keep up with the growth in the working age population. The low 125,000 jobs figure is also inconsistent with the Bureau of Economic Analysis’ second estimate... Read More
Introduction: Leading management consultants, top government officials and prominent financial journalists are proposing, what they dub, “labor reforms” as the solution for double-digit unemployment and underemployment, economic stagnation and the decline of capital investments. “Labor Reform” as the Concentration of Power and Profits First of all, the term “labor reform” is just a euphemism for... Read More
The old words are on the rebound, the ones that went out in the last century when the very idea of a
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An Empire in Decline (City by City, Town by Town)
As America's new economy starts to look more like the old economy of the Great Depression, the divide between rich and poor, those who have made it and those who never will, seems to grow ever starker. I know. I’ve seen it firsthand. Once upon a time, I worked as a State Department officer, helping... Read More
The US economy is a house of cards. Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics. American capitalism itself is an illusion. All financial markets are rigged. Massive liquidity poured into financial markets by the Federal Reserve’s Quantitative Easing inflates stock and bond prices and drives interest... Read More
Interviewed by Lira of Boom Bust, starting at 5 minutes. Pt2 coming soon.
When President Richard Nixon arrived in Beijing in 1972, Chairman Mao Zedong -- with his Marxist revolution, Great Leap Forward and Great Proletarian Cultural Revolution -- had achieved an equality unrivaled anywhere. That is, until Pol Pot came along. There seemed to be no private cars on Beijing's streets. In the stores, there was next... Read More
Solidarity or Competition in the Face of Crisis?
The near extinction of private sector unionism and the moribund millionaire leadership provides an opportunity to start anew with a horizontal leadership, accountable to the membership and integrated with community based co-op, ecologist, immigrant, consumer based organizations. Introduction There are two uncontestable facts about the United States: the economy and the working class are experiencing... Read More
The bailouts of banks, speculators and manufacturers served their real purposes: the multi-millionaires became billionaires and the later became multi-billionaires. Introduction According to the annual report of the business magazine Forbes there are 1,210 individuals – and in many cases family clans – with a net value of $1 billion dollars (or more). There total... Read More
Progressive, leftist, radical and even a few ‘Bearish’ Wall Street pundits have been arguing for years about the coming collapse, decline or demise of US capitalism. Introduction No amount of continued growth of billionaires, millionaires and multimillionaires, record earnings by investment houses and double digit profit growth of major corporations can convince our doomsayers from... Read More
The ”cry of the excluded” has many meanings, depending on the historical context and the protagonist. The word ”excluded” has a double meaning. In the most commonly understood context it means the social classes and social groups ( indigenous people, blacks, women etc. ) who are excluded from social services like health and education, from... Read More