Tag Archives: inequality

Democratizing Finance: Reducing Inequalities of Income, Wealth and Power

Politics & Society has just published a thought-provoking special issue titled “Democratizing Finance”. This interesting collection of papers resulted from a workshop organized in July 2018 by the late Erik Olin Wright as part of his inspiring Real Utopias Project. This … Continue reading

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Elite Men and Inequality in the Hedge Fund Industry

by Megan Tobias Neely* “I’m sorry, but so and so’s brother needed to get hired. Shit happens,” Karen recounted, with resignation, a time her boss denied her a promotion. Karen is a white woman who works at a hedge fund, a … Continue reading

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Human Being in the ATM called New York

Newsstand, 7th Ave & 28th St intersection, Manhattan, New York City, USA (photo courtesy of Professor Darren Rosenblum)  *** Join Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Google+ / Instagram / Tumblr / Reddit / Telegram  

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Income Inequality is Detrimental to Political and Civil Equality

“Money provides power and power provides freedom”, asserted C. Wright Mills in his masterpiece The Power Elite sixty years ago (1956: 162). In shadow of recent several decades of globalization and neoliberalism, University of Utah researcher Wade Cole took Mills’ argument a step further and … Continue reading

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Stephen Hawking: Technology drives ever-increasing inequality

On 6 October 2015, a great theoretical physicist Stephen Hawking conducted a special Reddit “Ask Me Anything” session. Out of the thousands of submitted issues, Hawking selected those he wished to reply, mainly discussing aspects of artificial intelligence. In conclusion, Hawking … Continue reading

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Being the 1%, or What It Means to Be Entitled

by Rachel Sherman*  Most contemporary research on economic inequality focuses on the causes, contours, and consequences of unequal distributions of resources. But how they do such distributions become legitimate? Why do people accept them, and even take them for granted? Why … Continue reading

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World Inequality Report 2018: Great Data, Bright Analysis, Perturbing Reality

The World Inequality Lab led by Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo and Lucas Chancel released today the first of its kind World Inequality Report 2018. The Report aims to become the comprehensive reference report on income and wealth inequality around … Continue reading

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Inequality — The Reality in Two Push Alerts

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Cross-Class Encounters, Social Capital and Moral Judgments at an Elite College

“The sociology of education is a chapter, and not a minor one at that, in the sociology of knowledge and the sociology of power…  [Given that] the structure of social space as observed in advanced societies is the product of … Continue reading

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BREAKING NEWS from Davos: 2500 people controlling the world economy got out of their limos and recalled the “problem of inequality”

It would be funny if it wasn’t shamefully true… See also: “I don’t see any income inequality!” “Me neither!”  and Goldman Sachs banker: “We have to accept that inequality is a way of achieving greater opportunity and prosperity for all” *** Join the … Continue reading

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Unpaid Labor and the Neoliberal Myth of Meritocracy

Several months ago, a British columnist James Bloodworth published his first book The Myth of Meritocracy: Why Working-Class Kids Still Get Working Class Jobs. The main thesis of the book is precisely reflected in its title: it discusses the neoliberal false … Continue reading

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Income Inequality

“I don’t see any income inequality!” “Me neither!” (A cartoon by Signe Wilkinson) *** Join the Economic Sociology and Political Economy community through Facebook / Twitter / LinkedIn / Google+ / Reddit / Tumblr

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Goldman Sachs banker: “We have to accept that inequality is a way of achieving greater opportunity and prosperity for all”

Defending huge bonuses in banking industry on a panel on ethics, Lord Brian Griffiths (Vice-chairman of Goldman Sachs bank and a adviser to Margaret Thatcher) proudly said: “We have to accept that inequality is a way of achieving greater opportunity and … Continue reading

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When public good exchanged to private gain: neoliberalism, higher education and social inequality

Public higher education has a long history, and with its growth it is associated with the extension of a social right to education from secondary schooling to university studies. Following the rise in student numbers since the 1970s, the aspiration … Continue reading

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Unemployment kills: 1 in 5 suicides is associated with unemployment

Numerous studies have demonstrated that there is a relationship between unemployment and poor health and that (the threat of) losing a job and prolonged unemployment can constitute a serious situation for those affected as well as their relatives. Pope Francis … Continue reading

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