Monday, August 26, 2013
Friday, August 16, 2013
Robert Reich - 7 Lies
The 7 biggest economic lies
Robert Reich reveals the 7 biggest lies about the economy. He talks about how Medicare and Medicaid are killing the budget, he explains how the tax cuts for the rich never trickle down to the rest of us and that high taxes on the rich actually hurts the economy. He also explains why it is unfair that lower income Americans pay lower income taxes in this feature video.
This article was originally posted on Robert Reich's blog.
Robert Reich reveals the 7 biggest lies about the economy. He talks about how Medicare and Medicaid are killing the budget, he explains how the tax cuts for the rich never trickle down to the rest of us and that high taxes on the rich actually hurts the economy. He also explains why it is unfair that lower income Americans pay lower income taxes in this feature video.
This article was originally posted on Robert Reich's blog.
Tuesday, March 19, 2013
Tuesday, January 29, 2013
The Non Zero-Sum Society
This article was originally posted on Robert Reich's blog.
A newly-released analysis by the Economic Policy Institute shows that the super-rich have done well in the economic recovery while almost everyone else has done badly.
Robert Reich - The Non Zero-Sum Society
Excerpts:
... The wealth of the Walton family now exceeds the wealth of the bottom 40 percent of American families combined, according to an analysis by the Economic Policy Institute. But how can Walmart expect to continue to show fat profits when most of its customers are on a downward economic escalator?
A newly-released analysis by the Economic Policy Institute shows that the super-rich have done well in the economic recovery while almost everyone else has done badly.
Robert Reich - The Non Zero-Sum Society
Excerpts:
... If they were rational, the wealthy would support public investments in education and job-training, a world-class infrastructure (transportation, water and sewage, energy, internet), and basic research – all of which would make the American workforce more productive.
If they were rational they’d even support labor unions – which have proven the best means of giving working people a fair share in the nation’s prosperity.
... The wealth of the Walton family now exceeds the wealth of the bottom 40 percent of American families combined, according to an analysis by the Economic Policy Institute. But how can Walmart expect to continue to show fat profits when most of its customers are on a downward economic escalator?
Walmart should be unionized. So should McDonalds. So should every major big-box retailer and fast-food outlet in the nation. So should every hospital in America.
That way, more Americans would have enough money in their pockets to get the economy moving. And everyone – even the very rich – would benefit.
Read entire article:
Friday, December 7, 2012
America Faces Three Serious "Cliffs," None of Them Fiscal | Alternet
From Robert Reich:
America Faces Three Serious "Cliffs," None of Them Fiscal | Alternet
Three crises America would tackle if we had a functioning government that served popular interests.
Spoiler Alert:
America Faces Three Serious "Cliffs," None of Them Fiscal | Alternet
Three crises America would tackle if we had a functioning government that served popular interests.
Spoiler Alert:
- Child Poverty
- Baby-Boomer Healthcare
- Environment
Thursday, November 29, 2012
Look Beyond Capitalism
In this short RSA Animate, radical sociologist David Harvey asks if it is time to look beyond capitalism, towards a new social order that would allow us to live within a system that could be responsible, just and humane. View his full lecture at the RSA.
Wednesday, May 2, 2012
How the Internet is Changing the Course of Higher Education
by Guest Blogger Linda Zabriski
There is little doubt that the internet space is changing course of higher education. Not only can students and teachers communicate with each other in new ways, but courses and even degrees can be completed entirely online. These benefits do not come without some challenges, however. One of the main questions that people in the world of education and academia are currently asking is this: What effect will the growing trend of online education have on education and on society at large? In most cases, the discussion revolves around three basic issues: education availability, education quality, and general economics.
When it comes to matters of availability, the benefit of online education is clear. The online space is a very easy way to bring university education to any and all corners of the world. Wherever there is an internet connection, there can be a classroom. Some programs are simply lectures that can be downloaded, but others involve wholly electronic textbooks, quizzes, tests, virtual classrooms, and discussion platforms. Students who might not otherwise be able to travel to a campus for daily lectures can nevertheless harness the benefits of a college education from their computer.
There are also significant cost considerations when it comes to online learning. Universities typically save a lot of money by moving classes to the internet. In most cases, teachers can save time with automated assignment submission and grading tools. This enables them to teach more classes, or spend more time coaching students on specific issues. Schools also do not need to provide physical classroom and office space. As a result, institutions are often able to offer courses to a wider range of students at a minimized variable cost. Together, the low cost and high scalability result in the ability to educate more people.
Some academics question whether the shift to online education is actually good for higher education. One of the main criticisms is that the growing ubiquity of online schooling may lead to an erosion in value. For example, a Harvard Ph.D. is a very prestigious degree in today’s market. If Harvard started offering the same degree online to anyone willing to complete the requirements, its perceived market value would drop dramatically due to increased supply alone. The same extrapolation holds true for all college degrees more generally: the more there are, the less value each holds individually.
The “real” value of a degree could also drop for a number of other reasons unrelated to saturation. First, cheating is often easier through online study, as much of the coursework and testing can be done without any kind of identity verification. Second, the go-at-your-own-pace model that online courses tend to follow cannot be compared to the rigorous study and assignment schedules that students at traditional universities follow. Third, while some aspects of education are better online, others are simply impossible through an online platform. For example, in a biochemistry course, online students may be able to read textbooks, watch videos, and take tests, but they have no access to a laboratory, which is essential to truly learning about reactions and chemical characteristics. Some of these issues may be ameliorated by continuing technological development, but others will never be fully addressed. Particularly in the sciences, more traditional methods of education are unlikely to ever disappear completely.
Online education’s changes to higher learning are likely to trickle through to society in general, raising a separate set of questions. One frequently raised concern is the possibility that, by making education more available and more affordable, society will have too many people with degrees. From a general economic standpoint, however, increasing the number of people with degrees is almost always a good thing -- so long as those degrees reflect an actual increase in education, and so long as their attainment does not burden the market with massive amounts of student loan debt. If educational institutions do what they can to maintain a certain standard of quality online, internet-based education can certainly help to deliver a better, brighter future for everyone.
There is little doubt that the internet space is changing course of higher education. Not only can students and teachers communicate with each other in new ways, but courses and even degrees can be completed entirely online. These benefits do not come without some challenges, however. One of the main questions that people in the world of education and academia are currently asking is this: What effect will the growing trend of online education have on education and on society at large? In most cases, the discussion revolves around three basic issues: education availability, education quality, and general economics.
When it comes to matters of availability, the benefit of online education is clear. The online space is a very easy way to bring university education to any and all corners of the world. Wherever there is an internet connection, there can be a classroom. Some programs are simply lectures that can be downloaded, but others involve wholly electronic textbooks, quizzes, tests, virtual classrooms, and discussion platforms. Students who might not otherwise be able to travel to a campus for daily lectures can nevertheless harness the benefits of a college education from their computer.
There are also significant cost considerations when it comes to online learning. Universities typically save a lot of money by moving classes to the internet. In most cases, teachers can save time with automated assignment submission and grading tools. This enables them to teach more classes, or spend more time coaching students on specific issues. Schools also do not need to provide physical classroom and office space. As a result, institutions are often able to offer courses to a wider range of students at a minimized variable cost. Together, the low cost and high scalability result in the ability to educate more people.
Some academics question whether the shift to online education is actually good for higher education. One of the main criticisms is that the growing ubiquity of online schooling may lead to an erosion in value. For example, a Harvard Ph.D. is a very prestigious degree in today’s market. If Harvard started offering the same degree online to anyone willing to complete the requirements, its perceived market value would drop dramatically due to increased supply alone. The same extrapolation holds true for all college degrees more generally: the more there are, the less value each holds individually.
The “real” value of a degree could also drop for a number of other reasons unrelated to saturation. First, cheating is often easier through online study, as much of the coursework and testing can be done without any kind of identity verification. Second, the go-at-your-own-pace model that online courses tend to follow cannot be compared to the rigorous study and assignment schedules that students at traditional universities follow. Third, while some aspects of education are better online, others are simply impossible through an online platform. For example, in a biochemistry course, online students may be able to read textbooks, watch videos, and take tests, but they have no access to a laboratory, which is essential to truly learning about reactions and chemical characteristics. Some of these issues may be ameliorated by continuing technological development, but others will never be fully addressed. Particularly in the sciences, more traditional methods of education are unlikely to ever disappear completely.
Online education’s changes to higher learning are likely to trickle through to society in general, raising a separate set of questions. One frequently raised concern is the possibility that, by making education more available and more affordable, society will have too many people with degrees. From a general economic standpoint, however, increasing the number of people with degrees is almost always a good thing -- so long as those degrees reflect an actual increase in education, and so long as their attainment does not burden the market with massive amounts of student loan debt. If educational institutions do what they can to maintain a certain standard of quality online, internet-based education can certainly help to deliver a better, brighter future for everyone.
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