The report "Reining in CEO Compensation and Curbing the Rise of Inequality" by Dean Baker, Josh Bivens and Jessica Schieder shows how the increase in executive pay since the 1970s has widened income gaps in the US. High salaries for company leaders lead to other senior managers also being paid more, while the salaries of the employees in the middle and at the bottom…
Category: Ownership
Lack of routines causes system errors
Dan Davies' ideas from the book The Unaccountability Machine see the whole of neoliberalism as a complex system with built-in errors. Jan Wiklund believes on the blog Gemensam in the article "All failures are due to bad routines" 2024/09/18 that crises and failures are not due to individual scapegoats but to a system error that is integrated into the structure of neoliberalism. Sure can…
Work for all provides a more stable, state-regulated mixed economy
Work for all is the goal society must have. Brilliant text on the benefits of full employment and its positive side effects. Niklas Blomqvist questions the idea that the market itself can create full employment. For example, Blomqvist points out that attempts to follow this path in the last thirty years have not produced the desired results. He emphasizes that work for…
Trickle-down economics has reached the end of the road
Comedian Jonathan Pie shows with pinpoint brilliance in the video below how Trickle-down economics with his mantra: "Help the rich! Punish the poor!” not working. Trickle-down economics does not build a strong economy nor a strong welfare. Put simply, it leads to a very difficult existence for those who have the least. Even many high achievers…
How to save equality and the environment/nature all over the world
Global equality and the environment - how do we save these? Modern Monetary Theory (MMT) is a macroeconomic theory that proposes that governments with their own currency have the ability to spend unlimited amounts of money on desirable sectors of the economy. Sustainably productive investments increase budget space According to MMT, government spending is limited by inflation and not by public debt....
The red-greens must protect freedom and solidarity
Almost as many die in workplace accidents as in gang crime. Hundreds of workers, especially men, kill themselves every year because of the hard working life. The welfare increases of 2014-18 were too weak if wonderful and the slaughter of LAS and the attack on the low rent system and the tax cuts for the rich 2018-2022 horrible. Those who were hit hardest by the…
Post-election analysis: communication, freedom under responsibility and equality
According to Red Justice's post-election analysis, the broad left including the Social Democrats must improve on communication, freedom under responsibility and equality.
Workers must be underpaid, but the poor must not exist
News agency Järva interviews a smart woman – the poet Nattalie Ström Bunpuckdee. Based on her story, we are reminded once again that we live in an Ayn Rand era where ordinary people are a burden and solidarity is the highest evil. The poor must only obey and deliver but deserve no socio-economic conditions and no housing they have...
Is welfare the problem or that the elite own more and more
Sweden will have 2022 billionaires in 542. During the pandemic, the number increased by 336. 81 of its billionaires are dollar billionaires and together own 49% of Sweden's GDP. (Aftonbladet) In Sweden, the number of dollar millionaires in 2021 had increased by 7,7% to 153 in two years. (Aftonbladet)
Academic staff cooperatives are not socialism
Just because capital cannot control graduates with a lot of know-how as easily, does not mean that capital is going to relinquish control over and the right to profit from workers with less or no know-how. Marx is not outdated as Bo Rothstein tries to claim.