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Rethinking Market Regulation


John Drobak’s “Rethinking Market Regulation” is a timely and much needed rebuttal to the economic analysis that has justified decades of corporate outsourcing of millions of jobs and the legitimization of massive executive compensation in our country during hard times for many employees.  Drobak, contrary to Wall Street Myth, fervently believes greed is not good and urges several thoughtful proposals for change notably including adding labor representation to corporate boards and creating a new Federal review board for mergers to assess the expected displacement of labor. 
A subversive approach to economic theory, “Rethinking Market Regulation” explores the devastating impact of globalization and a lack of governmental regulation on the U.S. workforce. It challenges two key economic principles: that markets are competitive, making government intervention unnecessary, and the claim that corporations exist for the benefit of their shareholders, but not for othe ....

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The 'American Dream' of upward mobility is broken. Look at the numbers | US news


Yet according to recent research, the United States has far less mobility and equality of opportunity today than the European Union or other OECD countries.
First, the amount of economic advantage passed down from one generation to the next is much higher in the US. Approximately 50% of a father’s income position is inherited by his son. In contrast, the amount in Norway or Canada is less than 20%.
What about rising from rags to riches? In the US, 8% of children raised in the bottom 20% of the income distribution are able to climb to the top 20% as adults, while the figure in Denmark is nearly double at 15%. ....

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What we don't understand about poverty in America | The Source | Washington University in St. Louis


By Mark Rank
“Yet it turns out that the vast majority of Americans will experience at least one year below the poverty line,” Rank said. “Poverty touches all races, all regions of the country and all age groups. Very few of us are immune from the reach of poverty at some point. This understanding can shift our perceptions of the poor. In a sense, ‘We have met the enemy, and they are us.’”
Informed by the latest research on poverty, “Poorly Understood” co-authored by Lawrence Eppard of Shippensburg University and Heather Bullock of the University of California at Santa Cruz not only challenges the myths of poverty and inequality, but explains why these myths continue to exist. It provides a blueprint for how the nation can move forward to effectively alleviate American poverty. ....

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