The battle of institutions vs. technology = rising wage inequality

Summary: Although denied for years, by now rising inequality is acknowledge even by conservatives -- so the debate shifts to its causes and remedies. The "standard" answer points to the "invisible hand" of "market forces". New cutting edge research shows that this defense, much like the earlier denials, does not match the facts. This post … Continue reading The battle of institutions vs. technology = rising wage inequality

Sociologist Wolfgang Streeck asks if Capitalism has a future

Summary: The pace of change has accelerated since Y2k so that it's difficult to see what's happening. Here's a provocative essay by sociologist Wolfgang Streeck describing an evolution almost too large for us to see as it happens -- the decline of capitalism (and, though he does not discuss this, its evolution into something else). … Continue reading Sociologist Wolfgang Streeck asks if Capitalism has a future