Society is devoting an ever-growing share of its resources to financial wheeling and dealing, while getting little or nothing in return.

There is a clear correlation between the rise of modern finance and the US’s return to Gilded Age levels of inequality

Some employers complain that they’re finding it hard to find workers with the skills they need. But show us the money: if employers are really crying out for certain skills, they should be willing to offer higher wages to attract workers with those skills.

Skills myth shifts attention away from soaring profits and bonuses

  Republican congressman Eric Cantor  with Israel’s prime minister Benjamin Netanyahu. In 2012, Mr Cantor famously commemorated Labor Day with a Twitter post honouring business owners. Photograph: Amos Ben Gershom GPO via Getty Images)

Today’s GOP values the interests of the rich over those of ordinary families

Paul Ryan, chairman of the House budget committee and the GOP’s de facto intellectual leader, is an expert at sounding like he knows what he’s talking about. Photograph: Reuters

Paul Ryan wasn’t being inarticulate - he was making the only argument that he’s got

People line up for a food giveaway programme at MacArthur Park in Los Angeles, California, recently. Disposable income in the US and Britain is much more unequally distributed than in France, Germany or Scandinavia. Photograph: Reuters

Recent studies on redistribution can change the debate

Inflation obsessives  failed to understand that printing money in a depressed economy isn’t inflationary. Photograph: PA

Opinion: ‘Sado-monetarism,’ is very much alive today

Rep Cathy McMorris Rodgers, in the official GOP response to the State of the Union address, alluded to the case of “Bette in Spokane”, who supposedly lost her good health insurance coverage. Photograph: Doug Mills/The New York Times

Do conservatives realise their Plan A on health reform isn’t working?

Last week’s big business news was the announcement that Comcast, a gigantic provider of cable TV and high-speed internet service, has reached a deal to acquire Time Warner, which is merely huge.

There’s good reason to believe monopoly is itself a barrier to innovation

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