Why Positive Thinking Won’t Get You Out of Poverty

Why Positive Thinking Won’t Get You Out of Poverty

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To say that poor people don’t have enough hope, tenacity and aspiration is to deny their agency as well as the size of the structural odds they face. (OD Op-ed) — In a recent article in the New York Times, the development economist Seema Jayachandran discusses three studies that used Randomised Controlled Trials (or RCTs) to understand the benefits of…

Thanks to Obama and Trump, America’s Five Largest Banks Raked in $583 Billion Since 2008 Crash

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“With no jail time for executives and half a trillion in post-crisis profits, the big banks have made out like bandits during the post-crash period.” (CD) — The 2008 financial meltdown inflicted devastating financial and psychological damage upon millions of ordinary Americans, but a new report released by Public Citizen on Tuesday shows the Wall Street banks that caused the crash with…

2018 Update: More Evidence That Half of Americans Are in or Near Poverty

Comments Off on 2018 Update: More Evidence That Half of Americans Are in or Near Poverty

(CD) — Deniers like Nikki Haley refuse to admit that mass poverty exists in their prosperous nation. That would reflect poorly on their capitalist beliefs. But if the skeptics would look at the half of America they don’t care to see, the stark display of destitution might shock them. At least until they invent an excuse to remove it all from…

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