Alejandro Reuss is an economist and historian and a member of the Dollars & Sense collective.
Articles by this author
Saturday, November 5, 2011 - 9:58am
The 99%, the 1%, and Class Struggle
Between 1979 and 2007, the income share of the top 1% of U.S. households (by income rank) more than doubled, to over 17% of total U.S. income. Meanwhile, the income share of the bottom 80% dropped from 57% to 48% of total income. “We are the 99%,” the rallying cry of the #OccupyWallStreet movement, does a good job at calling attention to the dramatic increase of incomes for those at the very top—and the stagnation of incomes for the majority.
Thursday, August 4, 2011 - 2:08pm
The Wrong Medicine: Why Fiscal Austerity Is a Bad Idea for a Slumping Economy
As protesters take to the streets in Europe to oppose government spending cuts, proponents of austerity in the United States and Europe claim that immediate moves to reduce government deficits are the way to renewed economic growth. Accepting a little pain now, they argue, will reduce the pain in the long run.