☝️⚠️ “... a problem stemming from modern neoliberal capitalism, which can also be linked in many ways to the erosion of democracy.”

“In a country like the US, which has virtually no constraints on campaign contributions, “one person, one vote” has morphed into “one dollar, one vote”. ”

“Moreover, since the media is dominated by private companies owned by plutocrats like Rupert Murdoch, much of the mainstream discourse tends to entrench the same trends. ”

“But now, economic and political inequality have grown so extreme that many are rejecting democracy. This is fertile ground for authoritarianism, especially for the kind of rightwing populism that Trump, Bolsonaro and the rest represent. ”

With the former "#republican" party taken over by #maga insurgents, could there still be a way to introduce even moderate #electoralreform through a national #referendum endorsed by the remaining sidelined sane #GOP seniors?

Obviously no democratic reform can pass through the gerrymanderered 'houses' as they are seated currently... 🙄

#JosephEStiglitz #USgovernment #inequality #trumptards #authoritarianism #humanrights #democracy @W_Lucht

'The Causes of and Responses to Today’s Inflations'

#JosephEStiglitz, #IraRegmi, Dec, 2022

"The evidence is overwhelming: were there no supply problems, aggregate demand would not be excessive. The inflation we’ve experienced is best understood as resulting from industry-specific problems that many Organisation for Economic Co-operation and Development (OECD) countries are facing. A strong labor market is part of the solution, not the problem."

https://rooseveltinstitute.org/publications/the-causes-of-and-responses-to-todays-inflation/

#inflation #OECD