A business world with deeply misguided priorities—exemplified by horror stories from the worlds of tech, gaming, and entertainment—accounts for much worker unhappiness and customer frustration.
The post Our Lady of Perpetual Profit appeared first on Zeldman on Web and Interaction Design.
The daily news regularly features commentary about the outrageous and growing income inequality in the USA. The data support the outrage:
The post Introducing the Salary Cap Act appeared first on Center for the Advancement of the Steady State Economy.
Even as nearly a billion people go hungry every day, the wealthiest one percent of the world’s population is purchasing ever-more expensive toys. Yacht sales grew by an average of 22 percent per year between 2014 and 2022. Private jet sales have boomed since the start of the COVID pandemic. The global luxury jewelry market, already huge at $56.5 billion,
The post Introducing the Luxury Cap Act appeared first on Center for the Advancement of the Steady State Economy.
Inequality threatens people and planet alike. Billions struggle to make ends meet while a tiny minority grows fabulously wealthy. At the same time, the conspicuous consumption of the wealthy and the waste they generate takes an enormous environmental toll. The intertwining of social and environmental damage suggests that standard fixes for inequality are inadequate.
Herman Daly thought that waste from the wealthy could not be ended through redistributive taxation alone.
The post Limits to Wealth = Limits to Growth appeared first on Center for the Advancement of the Steady State Economy.
An important recent article on resource use and its environmental impacts starts from the premise that “the planet’s resources and ecosystems are a commons, and… all people are entitled to an equal, sustainable share.” Alas, the world today deviates wildly from this norm. Indeed, inequality—of resource use, but also of income and wealth—is extremely high today and is actually worsened by economic growth. What’s more, it is bad for our politics,
The post A Steady State Sustains All Boats appeared first on Center for the Advancement of the Steady State Economy.
Banks are macroeconomic mirrors. They reflect the activity of the real economy. If the economy is growing, so are the banks, starting with the Federal Reserve and its regional banks, all the way out to tiny First Michigan Bank, Oakwood Bank (the smallest bank in bank-laden Texas), and the patriotically named Citizens Bank of Americus (Georgia).
Not only do the banks,
The post Lesson from a Failed Bank: Only One Real Start-Up appeared first on Center for the Advancement of the Steady State Economy.
The IRS is set to receive its largest funding increase in years thanks to the Inflation Reduction Act.
You know who should be worried about this?
Wealthy Americans who dodge taxes.
Why do we glorify “self-made” billionaires?
Well, being “self-made” is a seductive idea —it suggests that anybody can get to the top if they’re willing to work hard enough. It’s what the American Dream is all about.
If Kylie Jenner can become a “self-made” billionaire at age 21, so can you and I!
Even as wages stay stagnant and wealth inequality grows, it’s a comfort to think that we’re all simply one cosmetics company and some elbow grease away from fortune.