Verily I Say Unto Thee... archive
Tag : economy

A Day Without Women

This is the official logo for the March 8 event. Organizers of the Women’s March are calling for a “general strike” on March 8, which they have dubbed “A Day Without A Woman”. The idea is that if enough women stay home from work that day, the rest of society will see how important women[…]

Wealth And Income Inequality: What Are We Really Talking About?

Wealth inequality in Europe and the U.S., 1810-2010 (Source — .pdf, 1.2MB) The more I learn about wealth and income inequality, the more I realize I didn’t know — and still don’t know — and the more it’s obvious that many other people don’t know. Rampant confusion reigns. In my observation, most laypersons don’t understand[…]

Considering ‘Guaranteed Basic Income’

Have you heard of “Basic Income”? It’s not a terribly new idea, but has crept back into the news lately, mostly due to fears that VERY SOON automation will render millions of jobs obsolete. The idea of a guaranteed basic income is simple enough: with money raised from vastly increased taxes, the government will cut[…]

Why There Will Be Another Economic Collapse

Part of Manhattan, as seen from Ellis Island Many of the world’s finance firms are headquartered here (Copyright © 2006 by Wil C. Fry.) Reading the histories of economic crises in U.S. history is kind of like watching a merry-go-round or carousel. The same exact initial characteristics keep showing up, followed by the same economic[…]

Why I’ll Vote Democrat Until The RNC Crumbles

In the past, I’ve voted Independent, Libertarian, and other parties as a kind of halfhearted protest against the two-party stranglehold on state-level and national politics in our country. And for a couple of years, it seemed a few other people did too. But the movement gained no traction. I realized eventually that one of the[…]

Rethinking ‘Redistribution Of Wealth’

Money (Copyright © 2006 by Wil C. Fry.) We see the phrase “redistribution of wealth” tossed into the political discourse. We’re supposed to assume it’s a bad thing. A few years ago, I began to wonder why. Here, I attempt to define it. All links to definitions are from the Oxford English Dictionary (U.S. version).

Hillary And Me

I mentioned recently that “I’ve never been a fan” of Hillary Rodham Clinton, and so I set out to examine why. I’ll also probably vote for her, despite disagreeing in several places — because no one else with a chance of getting elected even comes close. When I first heard of her (early 1990s), I[…]

My Observations On Regulations

Categories: Business, Politics
Comments: 4 Comments
Published on: 2015.02.10

What’s The Opposite Of Robin Hood?

A recent study on corporate taxes and CEO salaries found that seven of the U.S.’s 30 largest corporations are paying their CEOs higher amounts than the companies’ entire tax bills. Boeing, Ford Motor Company, Chevron, Citigroup, Verizon, JPMorgan Chase & Co, and General Motors were the seven companies named, which reported more than $74 billion[…]

My Take On ‘Income Inequality’

Comments: 6 Comments
Published on: 2014.11.19

The phrase “income inequality” has risen to prominence in the past few years, including President Barack Obama labeling it “the defining challenge of our time” and Pope Francis questioning: “How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock[…]

Mixed Bag: Texas’ Booming Economy

Categories: Economy, InTheNews
Comments: 4 Comments
Published on: 2014.07.02

My local representative to the U.S. House (John Carter, of Texas, not Mars) keeps talking about jobs, both the superior nature of Texas’ job growth and the need for more jobs on a national level. “It’s time to focus on jobs,” he tweeted yesterday. And: “It’s time for Sen. Reid to pass the 40 job[…]

How I Lost Faith In The Free Market (short version)

(This is the short version. Click here to read the long version, complete with illustrations, dozens of links, and a lot more words.) Though I grew up believing in free market capitalism, I’m not such a big fan now. Though the “supply and demand” principle is difficult to refute, the market itself doesn’t always have[…]

How I Lost Faith In The Free Market (long version)

(This is the long version. Click here to read the short version.) Money (Copyright © 2005 by Wil C. Fry.) Probably like many youngsters in the U.S., I grew up hearing adults extol the virtues of the “free market” and “capitalism” — I’m now convinced this was in reaction to our sworn enemies, the Communists.[…]

Book Review: 23 Things They Don’t Tell You About Capitalism (Chang, 2010)

Comments: No Comments
Published on: 2013.12.18

Title: 23 Things They Don’t Tell You About Capitalism Author: Ha-Joon Chang Year: 2010 Publisher: Bloomsbury Press ISBN 9781608193387 View it on Amazon View it on Google Books Wikipedia article on Ha-Joon Chang Author Ha-Joon Chang (ranked as one of the world’s Top Thinkers by Prospect Magazine), perhaps more well known for his 2002 book[…]

Minimum Wage Should Be Regionally Graduated

Comments: No Comments
Published on: 2013.11.22

As workers and Democrats continue to ask for a minimum wage increase (recently fueled by a Walmart food drive — for its own employees — and a McDonald’s suggestion that employees sell their possessions), I still haven’t seen anyone point out how nonsensical a national minimum wage is.

The Overseas Connection To My Local Pizza Hut

Categories: Business, Globalization
Comments: 2 Comments
Published on: 2013.09.09

Last night, I called my local Pizza Hut to order a pie for carryout. I noticed immediately that they had a new system in place, because a recorded voice asked me to “Press 1” to start a new order or “Press 2” to edit an existing order. My first thought was that I would complete[…]

Healing The High Cost Of Health Care (Short Version)

Categories: Government, Health, Healthcare
Comments: No Comments
Published on: 2013.08.25

I’ve written a much longer entry on health care problems in the U.S.. You’re currently looking at the short version. The biggest problem with health care in the U.S. is that prices are unreasonably and artificially high. We pay more (by far) for health care than any other nation on Earth, but don’t have the[…]

Book Review: The Story Of Stuff, by Annie Leonard (2010)

The full title is “The Story Of Stuff: How Our Obsession With Stuff Is Trashing The Planet, Our Communities, And Our Health — And A Vision For Change”. Annie Leonard brings up what many of us either don’t know or don’t think about: that it’s pretty complicated, dangerous, and irresponsible the way our stuff is[…]

‘Sequester’ Harm Still Derided by Conservatives

Categories: Economy, Government
Comments: 9 Comments
Published on: 2013.03.23

Every day, I see columns and editorials in conservative publications almost gloating about the misnamed “Sequester” (across-the-board federal spending cuts that are still going into effect). It’s the same when I flip the radio’s dial past conservative talk radio stations. “Have you felt the pinch yet? I sure haven’t”, quipped one radio personality on a[…]

‘Root Cause’ of Sequester

Categories: Government, InTheNews, Politics
Comments: 2 Comments
Published on: 2013.03.02

In the News: US faces huge job losses as Obama orders $85bn cuts (The Guardian) “It’s happening because Republicans in Congress chose this outcome over closing a single, wasteful tax loophole that helps reduce the deficit”, said President Barack Obama, according to the story cited above. The story went on: “In his speech Obama blamed[…]

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