BY MARK BLESSINGTON – The US has high income inequality compared to other large economies. While income inequality in the US is close to China, it is rising in the US while declining in China. Many studies use the Gini statistic to measure income inequality. A Gini of 100% represents maximum income disparity, and a Gini … Continue reading What Drives US Income Disparity?
BY PHILIP KOTLER – Donald Trump was elected U.S. President one year ago. He gave his first State of the Union address on January 31, 2018, lauding all the positives of his record. But what has he actually accomplished? What damage has he done? What role has been played by his personality quirks? Trump attracts both lovers … Continue reading Trump’s One-Year Scorecard
BY CHRISTIAN SARKAR Alba’s Dream (2017) The public has not forgotten Puerto Rico, and neither has Patrick McGrath Muñiz. After experiencing Harvey in Houston, and witnessing Hurricane Maria passing over Puerto Rico and Irma in Florida, where most of his family and friends live, the issue of climate change has become even more personal for the … Continue reading Lamentations: Disaster-Capitalism, Puerto Rico, and the Art of Patrick McGrath Muñiz
BY PHILIP KOTLER – The answer to the question depends on who you ask. CHRISTIAN SARKAR Capitalism Works For Me! True/False, 2011 (aluminum and electrical) by Steve Lambert How well is American Capitalism working? The answer to the question depends on who you ask. If you ask America’s corporate executives, their answer is that American … Continue reading How Well is American Capitalism Working?
BY PHILIP KOTLER – This country badly needs serious and comprehensive tax reform but it is not likely to get it. The Republicans couldn’t get health reform or immigration reform and they are not likely to get tax reform. Their bills are always flawed by insisting on proposals without Democratic participation. Although the Republicans have … Continue reading The Nightmare of Tax Reform
BY PHILIP KOTLER – There is a hidden meaning behind Trump’s slogan to “Make America Great Again.” His slogan is code for “Let’s Make America White again.” Immigration policy is one of the toughest issues facing the U.S. and its core beliefs and values. Both political parties are doing their best to bury or avoid … Continue reading The Closing of the Golden Door: When Fear Became U.S. Immigration Policy
BY PHILIP KOTLER and CHRISTIAN SARKAR “If you are silent at a moment like this, if you do not condemn the racism you see through whatever channels and avenues you have, you can leave church now because you’re doing church wrong,” – Robert Wright Lee, IV, minister and descendant of General Robert E. Lee The tragic … Continue reading How did we get to Charlottesville?
PHILIP KOTLER – Here is a brief manifesto for our priorities, if we mean to save Democracy in the USA. Free-market capitalism has subverted our democracy. The growth of income inequality has undermined the American Dream. Increasing polarization has destroyed our unity as a nation. The plutocracy must end. We need to produce wealth for … Continue reading A Manifesto for Just Capitalism
[Or: How I Learned to Stop Worrying and Love the Global Imperial Plutocratic/Kleptocratic Brave New Fantasyworld of Vladimir Putin and Donald Trump] BY SCOTT DEWEY – As long as humans worship the trappings and display of power and wealth—as with celebrity, political power, military power, economic power—and they obviously do—there can be no democracy; democracy cannot … Continue reading Why We Worship False Idols, Always Have, And Always Will
BY PHILIP KOTLER The US has been downgraded in The Economist’s Democracy Index. It is now in the “flawed democracy” category. Donald Trump got elected as U.S. President on a platform that included a lot of changes that appealed to many people. Trump promised to “Make America Great Again” by bringing back the high paying jobs that had moved overseas … Continue reading The ‘Terrorist’ in the White House
BY PHILIP KOTLER & CHRISTIAN SARKAR – As President-Elect Trump and his “Corporate Cabinet” take over Washington – the American public will witness radical changes taking place in our institutions, policies, and regulations. These changes might undermine America’s position as the world’s leader over the past century. The billionaires and generals who make up Trump’s cabinet bring … Continue reading Are We Kissing Democracy Goodbye?
BY RALPH NADER – Even for a failed gambling czar, Donald Trump has been surprisingly quick to show his hand as he sets the course of his forthcoming presidency. With a reactionary fervor, he is bursting backwards into the future. He has accomplished this feat through the first wave of nominations to his Cabinet and … Continue reading Trump Trumpets His Real Plans
By ROBERT WEISSMAN “Trump has converted the GOP into a populist working-class party,” Trump advisor and far-right economist Stephen Moore told Republican members of Congress at a caucus meeting. Well, advisor Moore, meet the Trump transition team. The leader of the would-be populist working-class party has invited rogues’ gallery of insiders—corporate lawyers, investment fund managers, … Continue reading What Populism? Trump’s America Is Party Time for the Corporate Elite
BY PHILIP KOTLER If We Face a Jobless World, What Can We do About it? A depressing thought: U.S. citizens are facing the prospect of slower economic growth for the next 10 or 20 years. Instead of returning to the 3.5% growth rate of the post war period, GDP, at best might grow at only … Continue reading Are We Facing a Jobless World?
Our founding fathers raised this same question! They didn’t want a Monarchy. But they also didn’t want a Mobocracy. John Adams, our second president, distrusted the masses and defended inequality among men and advocated a government by an Aristocracy based on birth, education, and wealth. Even our two political parties want to moderate Democracy. They … Continue reading Do We Really Want Democracy?
Philip Kotler’s upcoming book – Democracy in Decline: Rebuilding its Future describes 14 symptoms of a sick democracy: #1. Voter Literacy & Turnout #2. Quality of Political Leadership #3. Exceptionalism #4. Public Trust #5. Gridlock #6. Money in Politics #7. Gerrymandering #8. Extremist Primaries #9. The President vs. Congress #10. Federal vs. State Governments #11. Supreme Court vs. … Continue reading Democracy in Decline: An Interview with Phil Kotler
Where did the wheels come off our Democracy? by Christian Sarkar John Ehrenreich is an American author, academic, and clinical psychologist who has published books on health policy, US social policy, and US history. He is the author of Third Wave Capitalism: How Money, Power, and the Pursuit of Self-Interest have Imperiled the American Dream … Continue reading Third Wave Capitalism – An Interview with John Ehrenreich
BY MARK BLESSINGTON I long for a reemergence of an FDR-like era. FDR was a no compromise Democrat. He was even willing to take on the Supreme Court. It happened before, and it can happen again, if we push hard enough. I’m not ready to give up on the USA yet. For me, Hillary Clinton represents giving up … Continue reading No-Compromise: Why We (The People) Can’t Take It Anymore
BY SUHAIB RIAZ, University of Massachusetts Boston; Sean Buchanan, University of Manitoba, and Trish Ruebottom, Brock University Reforming Wall Street has become a key issue in the ongoing presidential primaries. Bernie Sanders in particular has used his rival’s close ties to the financial industry, including speaking fees and political donations, to suggest Hillary Clinton wouldn’t … Continue reading Why is it so difficult to rein in Wall Street?
By Mark Blessington I call this the Era of Compromise Democrats. From an economic perspective, the last Democrat to really fight for the people was Franklin D. Roosevelt. He was even brave enough to stand up to the Supreme Court. While President Obama immediately spoke out against Citizens United in 2010, he did nothing to directly oppose it. … Continue reading The Sad Legacy of Compromise Democrats
BY J RICHARD HARVEY, JR., Villanova School of Law – Corporate inversions have been front page news in the US for months with everyone from President Barack Obama to the man on the street expressing a view as their usage has surged. Unfortunately, many of these views are not well informed. For example, most news reports cite … Continue reading What’s driving the surge of corporate inversions?