Economics

The rich and their tax havens: what would Marx and Piketty say?

The rich and their tax havens: what would Marx and Piketty say?

Half of the 16 million people in Malawi, Africa, are living in poverty. They earn less than $1 per day, and they cannot access good medical attention. Yet Africa loses an estimated $14 billion in annual tax revenues—enough to save four million children’s lives a year and put every African child into school—because the rich put their wealth in tax havens like Panama.

Majoring in debt: why college graduates won't get an even break

Majoring in debt: why college graduates won't get an even break

Samuel Garner went to college fresh out of high school, and, like so many others, uncertain about his career path. As an 18-year-old he had very limited financial literacy and no practical experience managing his money. He graduated four years later with a degree in music performance, owing over $200,000. He started his adult life in the red—and, much more importantly, with very little means of working his way out of that crushing debt.

How capitalism and human rights can explain the panic over the zika epidemic

How capitalism and human rights can explain the panic over the zika epidemic

There are few things more terrifying than an epidemic unfolding in real time, when the true cause of a disease is still unknown, and before effective public health interventions can be implemented. And it is all the more vexing when a disease seems to ravish innocent and sympathetic victims, like newborn babies, or has such a devastating impact that it could change the human rights of the people affected.