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Joe Stiglitz: The People Who Break the Rules Have Raked in Huge Profits and Wealth and It’s Sickening Our Politics (Alternet)
Roosevelt Institute Senior Fellow and Chief Economist Joseph Stiglitz addressed the AFL-CIO convention in Los Angeles earlier this week. Alternet has the transcript, and the video is available on Youtube.
Trumka’s Ploy (TAP)
Harold Meyerson argues that the AFL-CIO President was intentionally radical in his suggestions prior to the convention. That way, he got the reform he wanted: non-union workers’ groups welcomed into labor, and more permanent partnerships with progressive allies.
The Rise of the New New Left (The Daily Beast)
Peter Beinart uses the NYC mayoral race as emblematic of a new political generation, one that sees progressive values as more than just ideals. The group coming of age under this economic crisis, he says, is shifting the political conversation to an anti-corporate, populist message.
- Roosevelt Take: Many of Beinart’s claims about the Millennial political generation line up with the Roosevelt Institute | Campus Network’s findings in Government By and For Millennial America, which discusses what kind of government Millennials want.
Mayor Gray Vetoes ‘Living Wage’ Bill Aimed at Wal-Mart, Setting up Decisive Council Vote (WaPo)
Mike DeBonis reports on the Washington, DC mayor’s veto of the Large Retailer Accountability Act. Mayor Gray called for a city-wide minimum wage increase instead, but didn’t specify an amount he would support.
How Wal-Mart Keeps Wages Low (WaPo)
Josh Eidelson examines how Wal-Mart discourages workers from organizing so that they won’t have to raise wages. With a model built on the lowest possible prices, higher wages would presumably cut into the all-important shareholder profits.
Can the Government Actually Do Anything About Inequality? (NYT)
Tom Edsall looks at a number of studies to question what, if anything, government could do to reduce economic inequality. He sees policy tied to the deepening and spreading of inequality, which presumably means policy could work in the other direction as well.
- Roosevelt Take: Roosevelt Institute Senior Fellow Richard Kirsch has an initial suggestion for how the President could reduce inequality by executive order: require federal contracters to pay a living wage.
Congress Searches For A Shutdown-Free Future (NPR)
Frank James reports on the steps being taken in Congress to negotiate away from a potential government shutdown. The Republicans are finding themselves stymied by Tea Partiers, for whom a 42nd symbolic repeal of Obamacare isn’t good enough.
New on Next New Deal
Roosevelt Institute Fellow Mike Konczal points out that the 1 percent’s share of all income has vastly exceeded pre-Recession levels. This trend makes it hard to say that everyone in the U.S. wants policy change to help strengthen the recovery.