Lawrence Mitchell

Activists dressed as musicians and wearing masks depicting leaders of the members of the G7 protest against wealth inequality in Brussels in June. Reuters

The wealthy suffer from an ‘empathy gap’ with the poor that is feeding a rise in inequality

Wealth and income inequality have many causes, and it’s pretty much beyond dispute that any well-functioning capitalist society will have some degree of disparity between the richest and the poorest. It’s…
Trading floors like this one – at the old American Stock Exchange in the 1980s – are at the heart of capitalism and financial speculation. David Foster/Flickr via CC BY-ND

Financial speculation: the good, the bad and the parasitic

The word “speculation” carries a connotation of negativity. And it’s probably fair to say that pretty much every financial crisis since the tulip mania of the 1630s can be attributed to some sort of mass…

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