Tag: Inequality

Biden’s economic centrism isn’t exciting, but right for these divisive times

In an age of hyperpartisan politics, the Biden presidency offers a welcome centrism that might help bridge the divides. But it is also Biden’s economic centrism that offers a chance to cut through what has become an increasingly polarised approach…

Democrats seek progressive overhaul of the U.S. financial system

Now in control of Congress, Democrats are looking to give the U.S. financial system a progressive overhaul, incoming Senate Banking Chairman Sherrod Brown said Friday. It will be a tall task. What we’re hearing: “This committee in the past has…

The Economy of Cyberpunk 2077 – A Game of Cautionary Tales (And Bugs)

This video was made possible by our Patreon community! ❤️See new videos early, participate in exclusive Q&As, and more!➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ This is night city, the futuristic metropolis which is home to most of the action taking place in cyberpunk…

The fiscal update falls short in facing climate change and income inequality

The federal Liberal government came to office five years ago promising “real change,” including action on the climate crisis and unprecedented wealth and income inequality. Justin Trudeau was re-elected in 2019 reiterating these same promises. But shortly after his second…

Eliminating most homelessness is achievable. It starts with prevention and ‘housing first’

The stereotype of a homeless person – those living in tents or sleeping in parks or doorways – is just the visible tip of the much larger crisis of homelessness in Australia. For every one of about 8,000 “rough sleepers”…

How The Dutch Economy Shows We Can’t Reduce Wealth Inequality With Taxes

This video was made possible by our Patreon community! ❤️See new videos early, participate in exclusive Q&As, and more!➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ This is the Netherlands, a picturesque nation filled with windmills, tulip fields, and uhh coffee shops. The nation is…

Vital Signs: Janet Yellen, the very model of a modern Madam Secretary

It is widely tipped that US president-elect Joe Biden will nominate Janet Yellen as Treasury Secretary – one of the most important posts in any administration. She will make for a terrific Treasury Secretary, bringing with her a wealth of…

The winners and losers of the COVID holiday season

The pandemic has upended Thanksgiving and the shopping season that the holiday kicks off, creating a new crop of economic winners and losers. The big picture: Just as it has exacerbated inequality in every other facet of American life, the…

From here on our recovery will need more than fiscal policy, it’ll need redistribution

From the 1980s right through to the global financial crisis, the standard response in Australia and elsewhere to too weak or too strong an economy has been monetary policy — the manipulation of interest rates by a central bank, in…

After Biden’s win, Australia needs to step up and recommit to this vital UN climate change fund

Now Joe Biden is on track to be the next US president, there has been plenty of speculation about what this means for Australia’s policies on climate change. Biden promises to achieve a 100% clean energy economy and reach net-zero…

Climate crisis: how museums could inspire radical action

When Victorian tea-merchant Frederick Horniman was looking to build a new home for his extensive collection of natural and cultural artefacts, his own back garden offered the perfect spot. Situated on one of the highest points in London, Surrey Mount…

With house prices soaring again the government must get ahead of the market and become a ‘customer of first resort’

House prices are spiking again, with “affordable homes” showing most growth. That’s no surprise really, with multiple factors in play. Market instability due to COVID-19 is driving asset acquisition — property is the classic port in a storm for investors.…