Tag archives for austerity

social issues

Uruguay’s president José Mujica: no palace, no motorcade, no frills

It is remarkable that José Mujica, Uruguay's president, has chosen to lead by example rather than edict. In a world characterized by excesses of the rich and powerful, he sends a sobering message about the way we should live our lives if we are create a more sustainable world, reduce inequalities,…
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social issues

Who wins in the end?

The Republicans have a lot to answer for with the across-the-board budget cuts caused by their irrational belief that taxes should not be raised on the wealthy. It is OK for the poor and middle class to suffer, but not OK for the wealthy to give up money they will…
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social issues

Bill’s annual letter – How do you measure human dignity, Bill?

In his annual letter for 2013, Bill Gates makes the case for better measurement tools. In previous annual letters, I've focused a lot on the power of innovation to reduce hunger, poverty, and disease. But any innovation-whether it's a new vaccine or an improved seed-can't have an impact unless it…
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social issues

The tyranny of shame

Professor Robert Walker and his collaborators have just completed a study that examines Amartya Sen's contention that shame is an attribute of poverty in all societies which reduces a person's agency, their capacity to act constructively, and increases social exclusion which, in turn, curtails economic development. The study was conducted…
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social issues

Taking S&P to task for its role in the sub-prime mortgage debacle

This action has taken long enough to reach this stage and has been prompted only by the inability of the US Government to reach a settlement with S&P. The Justice Department is preparing to file a civil lawsuit against the ratings agency Standard & Poor’s centered on the company’s alleged misgrading…
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