Got Guillotines?

Assuming the Democrats get their way, and that’s highly unlikely, their proposal for the minimum wage isn’t really for $15 an hour. It’s for $15 an hour eventually, four years or five years from now. And the Democrats seem to be about to give that up as it is. When it comes to not doing anything for the working class, there’s lots of bipartisanship.

How Capitalism Deals with Inequality

President Obama and the Democrats have finally decided, five years after his election, to begin talking about the issue of income inequality, which has been increasing since the early 1970s. But their rhetoric makes it sound like inequality is a weird byproduct of capitalism when, in fact, it is a key feature of an economic system that relies on poverty and exploitation. This is the best system ever conceived?

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