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Mitt Romney’s Fair Share (Project Syndicate)
Roosevelt Institute Chief Economist Joseph Stiglitz argues that Romney’s antipathy toward taxes reflects the GOP’s disregard for public goods, and it’s a problem when he’s running to be the chief executive of all the stuff he doesn’t want to pay for.
Stop talking about your grandpa! (Salon)
Andrew Burstein and Nancy Isenberg ask that Republicans who are embarrassed about their undying fealty to the rich stop trying to justify their policies by pointing to the fact that at some point in the distant past they were related to a poor person.
Mitt Romney’s Tax Plan Only Works If Income Inequality Explodes (The Atlantic)
Matt O’Brien writes that there is one way Romney’s math checks out if he’s serious about not raising taxes on the middle class: the top 5 percent just need to make Richie Rich look like Oliver Twist and start bringing in an extra $548 billion by 2015.
Obama’s Fatal Ambivalence About Wall Street: Convention Edition (TNR)
Forget about gathering in Bank of America Stadium; Noam Scheiber notes that Democrats couldn’t even figure out how to fund the DNC without ticking off corporations and tipping off everyone else that they’d still really, really like some corporate money.
Ohio Unions Battle Conservative Super PACs for Votes (NYT)
Monica Davey and Steven Greenhouse report that labor is shaping up to be Democrats’ last, best weapon against Super PACs, but compared to the right’s resources, there’s still some question about whether they’ve brought a knife to a gun fight.
Who’s Fighting for Workers? (On the Economy)
Jared Bernstein writes that workers have powerful forces arrayed against them, from lack of demand to wage stagnation, and the last line of defense they have to count on is us. Now that we’ve had Labor Day off, it’s time to punch in our time cards.
Can we save American capitalism? (WaPo)
Steven Pearlstein notes that over the last decade, capitalism has gone from being the unquestioned economic status quo to having everyone asking what’s wrong with it and how it can be fixed. Some, like Joseph Stiglitz, even have good answers.
When Capitalists Cared (NYT)
Hedrick Smith writes that executives like Henry Ford used to realize that well-paid workers were the economy’s catalyzing agent, while today’s downsizers and outsourcers seem to view their employees as an unpleasant residue of success.
The Twilight of the Public Corporation (NYT)
Nancy Folbre notes that more and more corporations have begun to view raising private money or issuing dual-class shares with different power levels as a more attractive alternative to bringing in shareholders they might actually have to listen to.
At Jackson Hole, a growing fear for Fed independence (Reuters)
Pedro da Costa reports that even economists who are habitually underwhelmed by Ben Bernanke’s statements are concerned that given growing pressure from the right, the next guy’s remarks will be written by the Romney White House.