There is a little bit of research on slavery that is buried in the back of some inequality research by Thomas Piketty and Gabriel Zucman (pdf) that just floors me. Check out this graph of the total wealth of different…
Blog Archives
Voting and Utopianism
Daniel Little reviewed Jon Elster’s new book and summarized it thusly: The fundamental point that Elster takes from Bentham is that institutions should not be considered in terms of their ideal functioning, but in terms of how they will function…
Posted in Medianism
AP Fires Up Racial Divide
TV news reporter Ty Batemon interviewed me today for a WLIO segment in response to a recent AP article by Hope Yen that has the ridiculous, meaningless headline, “4 in 5 in USA face near-poverty, no work“. This is meaningless…
Posted in Discrimination, Labor
The REAL Reason Elites Abandoned The Unemployed In 2010
Paul Krugman’s (2013) book, End This Depression Now documents how governments in Europe and the US adopted conventional textbook fiscal and monetary stimulus only in the beginning of the economic crisis of 2008. Then Krugman says, “A funny thing happened…
Posted in Macro
Wikipedia Benefits the Median But Hurts A Few Elites
The internet has destroyed or reduced the profits in numerous industries by lowering prices and making people better off by increasing the services that we enjoy. For example, recorded music is much less profitable today than in the heyday of…
Posted in Medianism
Slavery → Racism → Inequality of Opportunity
Last week I visited the National Archives and viewed the original copy of the US Constitution with my family. I was struck by how the original constitution only contained three explicit rights for individuals: they are freedoms from habeas corpus,…
Posted in Discrimination, Labor
Medianism Is Un-Radical and Anti-Utopian
My family took a trip to Washington D.C. this summer because it seems to be an American tradition for 8th-grade kids visit DC and my oldest son has come of age. One day he came home from school with a Middle…
Posted in Medianism
Medianism 