I know it’s a lot to ask for 24 minutes of your time, but this one is very much worth it. Paul Krugman and Bill Moyers talk about a new book that is hot, hot, hot: “Capital in the Twenty-First Century” by economist Thomas Piketty. Read more
Although this article is about the USA there are significant parallels here in New Zealand and in some ways it is worse here as we do not have a capital gains tax. Read more
This video explains why we think the way we do and why it is possible for powerful people to persuade society to their ends Click here for this video. It takes about 90 minutes.
From the Economist: Six years after being bailed out by taxpayers and still majority =owned by the Government, Royal Bank of Scotland chalked up yet another big annual pre-tax operating loss of $8.2 billion for 2013. That will not deter it from dishing out about $1 billion in bonuses.
Paul Barber, researcher points out in this NZ Herald article that the pay gap between the high and low paid has widened significantly in NZ in the last 30 years. The low paid have barely kept pace with inflation while the wealthy have raced ahead and there are simple ways to fix this