Tag Archives: David Ruccio

Capitalism vs. democracy

26 Ott

il documento 24-10-2016 by David Ruccio

Risultati immagini per Capitalism vs. democracy I have been arguing for some time on this blog that contemporary capitalism faces a profound legitimation crisis. It has failed to deliver on its promises, and therefore is being calling into question. Continua a leggere

US banks: Still too big to fail

27 Giu

il documento  27-6-2016 by David Ruccio

BANKHere we are in 2016, almost eight years after the financial crash that brought the world economy to it knees (and ruined countless homeowners and threw millions of people out of work), and nothing has been done to solve the problem of Too Big to Fail banks.

In fact, as everyone knows (and as Stephanie Fontana points out), those banks are now ever bigger and the financial sector even more concentrated.  Continua a leggere

The wage-productivity gap in the G20

20 Nov

Il documento   20 nov. 2014 da The wage-productivity gap in the G20

di David Ruccio (Real World Economics Review Blog September 11, 2014)

Immagine Continua a leggere

U.S. wage and productivity growth

18 Set

Il documento   18/9/2014

da David Ruccio, Real-World Economics Review Blog, June 28, 2014


The gap between the growth of productivity (now 11.4 percent higher than in January 2007) and that of wages (only 1.5 percent higher) continues to widen (according to Reuters).

Is it any wonder, then, that income inequality continues to rise?

USA unemployment through 11 recessions (1948-2007)

12 Giu

David Ruccio [Documenti]  


The new unemployment numbers (for September) are out and, well, they’re not pretty.

What did we learn? Continua a leggere

Two American epochs: Growing Together 1947-1979 and Growing Apart 1979-2012 (charts)

3 Apr

from David Ruccio [Documenti]

growtog Continua a leggere

Crescita della povertà

12 Dic

di David Ruccio [Documenti]


As the Wall Street Journal explains, Forty-four percent of America’s poor are considered to be in “deep poverty”—defined as an income 50% or more below the government’s official poverty line. That percentage of Americans in deep poverty is up from 42% before the recession and near the highest level since data became available in 1975, according to the Census Bureau’s Current Population Survey. Continua a leggere

Wage rigidity in the United States (3 charts)

21 Nov

by David Ruccio [Documenti]

(form Real World Economics Review Blog, October 18, 2013)

wageIn the mainstream macro wars, the debate is focused on wage stickiness of a specific sort: the fact that nominal wages, even in the face of significant unemployment, seem not to decline. It’s called the “downward nominal rigidity of wages,” which calls into question the neoclassical rejection of Keynesian theory and the need for a microfoundations of macroeconomics.* Continua a leggere

Healthcare: the USA is 27th

7 Nov

di David Ruccio [Documenti]

The usual excuse, from mainstream economists and politicians, that the U.S. healthcare system should remain mostly in for-profit, private hands is because the outcomes of that system make it the best in the world.

But a new study (published in the Journal of the American Medical Association) of the burden of diseases, injuries, and leading risk factors in the United States from 1990 to 2010 in comparison to the other countries in the Organisation for Economic Co-operation and Development (OECD) countries reveals a quite different story. Continua a leggere

L’aumento della disuguaglianza in Usa

26 Set

(da Real-World Economics Review Blog) David Ruccio, marzo 30, 2013:

The-Rich-Get-Richer-Income-InequalityL’Economic Policy Institute in due studi ci fa capire la natura e le cause della stagnazione dei salari e delle crescenti disuguaglianze in USA. In “The Sad but True Story of Wages in America”, Lawrence Mishel e Heidi Shierholz analizzano il rapporto tra produttività e salari dal 1989 al 2010, e concludono che la produttività è cresciuta molto più dei salari: 62,5% la prima, contro il 12% dei secondi. Il risultato ovvio è una crescente disuguaglianza nella distribuzione del reddito. Continua a leggere

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