After reading Thomas Piketty's book "Capital in the Twenty-First Century," can we safely say that America, as the icon of capitalism, is no longer a democracy but an oligarchy?
Piketty argues that there are strong tendencies for capitalism to lead to the extreme concentration of wealth in the hands of an oligarchic elite if democratic political forces do not push back.
An immensely rich and powerful class right here in Canada is quietly amassing ever greater wealth and power to hand down to their heirs, who will be still richer and more powerful.
Only 47 per cent of Canadians self-identify as middle class today, down from almost 70 per cent in 2002. This month, Hennessy's Index breaks down the numbers behind Canada's middle-class angst.
Because inequality's not a top-of-mind concern, people are content with crumbs instead of larger shares of the pie. Moving inequality onto the public agenda requires calling for radical change.
This week Canada's nascent national debate about the problem of income inequality as it relates to the anxious middle class descended into ridiculous levels of un-Canadian gloating.
This week the New York Times published a study on U.S. income inequality and the middle class which reported that America's middle class is no longer the 'world's richest' -- Canada's middle class is.
For years now, public commentary about taxes has been dominated by a rabid anti-tax movement, but recent rumblings from the progressive side of the tax debate have threatened to shake things up.
As we approach the release of the Nova Scotia provincial budget on April 3, Nova Scotians deserve to understand the range of choices facing our government. Will it be a budget for the 99%?
All the recent talk about Canada's shrinking middle class and rising income inequality got me thinking that it might be a good time to look at a neglected economic concept: the labour share of income.