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But for the lottery of birth: Poverty, Racism, and the Permanent Underclass

In Rosa Lee: A Generational Tale of Poverty and Survival, Leon Dash documents the fascinating, disturbing experiences of an extended black urban family struggling to survive the nearly inescapable circumstances of poverty, racism, ignorance, violence and abuse, addiction, and crime in Washington, D.C. during the second half of the twentieth century. Dash, now a professor … Continue reading

GDP’s relevance to well-being

GDP is a poor measure of a society’s well-being for several reasons. It potentially obscures gross inequality; it fails to reflect the externalities, the unpriced natural capital, and the social costs of classism inherent to the capitalist enterprise; and it reflects a fundamentally unsustainable economic system based on perpetual growth incompatible with the narrow conditional … Continue reading