The Universal Right to Capital Income - "If a universal basic income is to be legitimate, it cannot be financed by taxing Jill to pay Jack. That is why it should be funded not from taxation, but from returns on capital." (via) [more inside]
The three party system - "There are three major political forces in contemporary politics in developed countries: tribalism, neoliberalism and leftism (defined in more detail below). Until recently, the party system involved competition between different versions of neoliberalism. Since the Global Financial Crisis, neoliberals have remained in power almost everywhere, but can no longer command the electoral support needed to marginalise both tribalists and leftists at the same time. So, we are seeing the emergence of a three-party system, which is inherently unstable because of the Condorcet problem and for other reasons." [more inside]
Keep Harriet Tubman – and all women – off the $20 bill. "Harriet Tubman did not fight for capitalism, free trade, or competitive markets." [more inside]
Ask A Native New Yorker: How Guilty Should I Feel About Being A Horrible Gentrifier? Passionate response from a Bushwick native.
From the mid 40s to the mid 50s Coronet Instructional Films were always ready to provide social guidance for teenagers on subjects as diverse as dating, popularity, preparing for being drafted, and shyness, as well as to children on following the law, the value of quietness in school, and appreciating our parents. They also provided education on topics such as the connection between attitudes and health, what kind of people live in America, how to keep a job, supervising women workers, the nature of capitalism, and the plantation System in Southern life. Inside is an annotated collection of all 86 of the complete Coronet films in the Prelinger Archives as well as a few more. Its not like you had work to do or anything right? [more inside]
Are you a young middle-class creative type (probably white) who has chosen to live in an urban neighborhood that your parents would have shunned? Have the families that formerly lived in your neighborhood (probably not white) been pushed out by soaring rents and real-estate prices to the city fringes or suburbs? The New Republic on demographic inversion.
40 acres and a mule has been a slogan of African-American economic aspirations ever since the legislation creating the Freedman's Bureau promised ex-slaves parcels not exceeding forty acres each, to the loyal refugees and freedmen. General William Tecumseh Sherman's Special Field Order No. 15 decreed that the land on slave plantations be seized and distributed to freed slaves, but Andrew Johnson rescinded the order and vetoed expansion of the Freedman's Bureau. Both Henry Louis Gates and Dalton Conley have associated the failure to grant freed slaves their "40 acres and a mule" with the wealth gap between black and white Americans, but now an economics grad student, Melinda Miller, has brought important quantitative data to the debate in a new research paper. [more inside]
Are NBA referees racially biased when calling fouls? In a paper [PDF] released yesterday, economists Wolfers and Price claim that an all-white team would win two extra games over an 82-game season.
Economics and Race: "Twenty-seven-year-old Harvard economist Roland Fryer grew up poor and black, in a family that was falling apart. His mother abandoned him. His father drank heavily and beat him. Fryer sold drugs and carried a gun. Then, at age 15, after he got pulled over by the police and then let go, he decided he wanted something different."
Whiteness Studies Liberals are going the extra mile to validate economic insanity by Conservatives. Do some people have an economic advantage? Do majorities have something in common that minorities don't share? I went to Japan this year, and sure, being a minority sucks. Does that mean that there is whiteness or blackness or asianness, or the new and exciting hispanicness? No. There's no such thing. Stop the madness: Race and Gender are just more games for people who need hobbies. Insanity inside.