BY PHIL KOTLER – We just got the news that JP Morgan decided to raise CEO Jamie Dimon’s pay by 35 percent! He will take home $27 million for 2015! The JPMorgan directors think that Jamie is singularly responsible for the rise in their revenue and profits in 2015. Or they admit that a few … Continue reading Are CEO’s Overpaid? Ask Jamie Dimon!
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?
BY PHIL KOTLER – Look at the picture below. What do you see? A manufacturing process, with no workers in sight. We humans have been replaced by robotic arms and artificial intelligence. Think of an Amazon distribution center. Most of the ordered books and goods are picked up by robotic arms and assembled near a … Continue reading The Robots are Coming! Will they eat our jobs?
by Philip Kotler Hillary Clinton’s stated recently that she will not raise taxes on the middle class. She will raise taxes only on the rich and super rich. But at what income does the middle class end and the rich begin? Hillary defined the rich as starting with incomes over $250,000. Bryce Covert, in an … Continue reading Needed: A New Set of Income Tax Brackets [A Response to the “$250,000 a Year Is Not Middle Class” Op-Ed by Bryce Covert]
BY BERNIE SANDERS in the New York Times: WALL STREET is still out of control. Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it was before the bailout. If any were … Continue reading Bernie Sanders: “To Rein In Wall Street, Fix the Fed”
By Mark Blessington Have you ever wondered why publicized unemployment is so low yet so many people don’t have jobs? The U.S. Department of Labor announced that unemployment in October was 5 percent. The details in the same report, however, show that 37 percent of our working age population did not have a job in … Continue reading The Truth About Unemployment
Michael Hopkin, The Conversation As French foreign minister Laurent Fabius brought his gavel down on the most ambitious climate deal ever struck, at 7:27pm on Saturday December 12, 2015, applause broke out throughout the sprawling conference centre in Le Bourget. It spread even into the cavernous media centre that played host to an estimated 3,700 … Continue reading Beyond Paris: what was really achieved at the COP21 climate summit, and what next?
Phil Kotler’s latest article in FORTUNE asks us to ask more questions. In the last Republican TV debate, Wall Street Journal editor-in-chief, Gerald Baker, put the following question to presidential candidate Rand Paul: “Income inequality has been rising in the United States. Fifty years ago, for example, the average CEO of a big corporation in this country earned … Continue reading FORTUNE: What the Presidential Candidates Are Failing to Address About CEO Pay
The Econ4 network of teachers, professors, practitioners, students and others are working to shift how economics is understood, taught and practiced. We’re now launching a video contest to crowdsource as many short, 3 minute videos about “Greed” as possible. We will distribute many of these across our network and beyond. The contest is patterned after the … Continue reading CALL FOR ENTRIES: Greed! A Video Contest from Econ4
Richard Gunther, Ohio State University On November 3, Ohio voters approved by a margin of 71% to 29% a constitutional amendment that will greatly reduce, or even eliminate, the gerrymandering of state legislative districts beginning in 2021. Ratification of Issue 1 by the voters followed its approval by bipartisan votes of 28-1 in the Ohio … Continue reading Ohio strikes blow against gerrymandering
Corpocracy is the absurd reality of our society in which corporations and their interests are allowed to have dominance over the economic and political systems. Through the subversive imagination, the artist works toward a transformation of social consciousness. WATCH: The show features 13 artists including, Beehive Design Collective, Michael D’Antuono, Ron English, Clark Fox, Kenneth … Continue reading VIDEO: Corpocracy – at the Station Museum of Contemporary Art
Ethan Zuckerman, Massachusetts Institute of Technology A few days ago – October 30 – MIT’s Media Lab celebrated its 30th anniversary. The Media Lab is a place that takes very seriously the idea that we can invent a better future and have it spread around the globe. It’s a place that’s helped invent things that … Continue reading Can innovators build a future that’s both disruptive and just?
by Jon Queally, staff writer – CommonDreams.org An independent investigation by journalists featured in the New York Times on Sunday offers an in-depth look at the way American corporations have used the inclusion of “arbitration clauses” within consumer contracts to strategically circumvent judicial review of their behavior and immunize themselves from class action lawsuits –”realistically the only tool citizens have to fight … Continue reading Corporate America’s Plan to ‘Misbehave Without Reproach
Janet Napolitano, University of California, Office of the President In this presidential election season, one thing is certain: candidates will rarely – if ever – be asked what they would do to keep this nation at the forefront of science and innovation. That’s a shame. The public dialogue about science is perhaps the most vital … Continue reading Janet Napolitano: Why more scientists are needed in the public square
Considered one of the world’s most controversial artists, Michael D’Antuono is known for making art that challenges people to think more deeply about sociopolitical issues. His collectors range from Arnold Schwarzenegger to Pete Seeger and his work has received high praise from fellow artists Shepard Fairey and Banksy. What made you decide to dive into this sort of … Continue reading Art & Response: An Interview with Michael D’Antuono
Andrew J Hoffman, University of Michigan The tide is finally turning. In last night’s third Republican debates, South Carolina Senator Lindsey Graham and former New York Governor George Pataki both acknowledged the scientific consensus that climate change is real and linked to human activities. These candidates participated in the “undercard” debate of four before the … Continue reading Breaking the link between a conservative worldview and climate skepticism
Packard Jennings is the nicest revolutionary you’ll ever meet. Polite and soft-spoken, he’s as self-effacing as they come. And yet this is the man who is one of our hyperconsumerculture’s sharpest critics, using “appropriation, humor, and interventionist techniques to explore the dynamics of public spaces, and to address political and corporate transgressions against public interest.” Jennings got … Continue reading The Real Revolutionary: The Art of Packard Jennings
Yoshua Okón was born in Mexico City in 1970 where he currently lives. His work has been described as “a series of near-sociological experiments executed for the camera, blends staged situations, documentation and improvisation and questions habitual perceptions of reality and truth, selfhood and morality.” Okón challenges the assumptions we make as so many of us live our lives … Continue reading Questioning Reality: Yoshua Okón’s Videos of Alienation
Clark V. Fox (aka Michael Clark), the “Godfather of modern underground art,” started making art full time in Houston, Texas at age 5 and has never slowed down since. “Art chose me: I’m an American Indian, and Indians make stuff. My father carved. My mother painted. when I was five, I’d go up and down the … Continue reading The Struggle Against Joyless Materialism: The Art of Clark Fox
Social practice is an art medium that focuses on social engagement, inviting collaboration with individuals, communities, and institutions in the creation of participatory art. For artist Kenneth Tin-Kin Hung, social practice meant taking on the very foundation of capitalist society – money. Running out of money? What’s an artist/entrepreneur to do? Why not make like the Federal … Continue reading Make it Rain (∄MIR): The Social Practice of Kenneth Tin-Kin Hung