Income Inequality

Chinese Scholar Predicts Artificial Intelligence Will Bring the ‘End of Capitalism’

In an op-ed published by the Washington Post last week, law professor Feng Xiang of Tsinghua University predicted that artificial intelligence technology will usher in the final triumph of socialism and the “end of capitalism.” The essay offers valuable insights into the ideological war China will wage against the United States in the coming decades, arguing that its system of authoritarian central planning is economically, socially, and morally superior to free-market capitalism.

In this April 26, 2018, photo, a robot entertains visitors at the booth of a Chinese automaker during the China Auto 2018 show in Beijing, China. Under President Xi Jinping, a program known as "Made in China 2025" aims to make China a tech superpower by advancing development of industries …

McKinsey: 2/3 of Western Economies Not Seeing Income Gains

McKinsey & Company was one of the biggest advocates of globalization, but the company just published a report warning that with incomes for two-thirds of households in 25 advanced economies flat or down between 2005 and 2014, advanced countries are about to suffer “corrosive economic and social consequences.”

According to findings in the Journal of the American Medical Association, African-American men in poverty in the US saw a 2.7 times higher risk of death than African-American men living above poverty status

Khieu Samphan: ‘I Have Never Wanted Anything Other Than Social Justice’

“What I want to say today and what I want my countrymen to hear is that as an intellectual I have never wanted anything other than social justice for my country,” 84-year-old Khieu Samphan told a courtroom on Wednesday. “I shall shout loudly that I never wanted to agree to any policy that is against the Cambodian people.”

CAMBODIA, Phnom Penh : This handout photo taken and released by the Extraordinary Chambers in the Courts of Cambodia (ECCC) on July 2, 2015 shows former Khmer Rouge head of state Khieu Samphan sitting in the courtroom at the ECCC in Phnom Penh. Two former Khmer Rouge leaders July 2 …

Bernie Sanders: SOTU Excellent, Hillary Clinton Backed by ‘Powerful Special Interests’

Democratic presidential candidate Bernie Sanders — an avowed socialist — lauded President Obama’s 2016 State of the Union address on Tuesday night before aligning himself with the President, taking a shot at fellow candidate Hillary Clinton for “wealthy and powerful” special interest financial backers, and drawing attention to Clinton’s “income inequality” inexperience.

AP Photo/Jacquelyn Martin

Age of Obama: Low-Income Workers See Greatest Decline in Wages

We all know what the standard liberal snake-oil response to stagnant wages is: job-killing minimum wage hikes, which also tend to be a big part of the reason income increases grow scarce in the workplace, producing the understandably frustrating wage stagnation people complained about to the NELP researchers and the New York Times. Nothing kills upward mobility for lower-income workers deader than high minimum wages and mandated labor costs like ObamaCare.

Years Of Economic Decline Leave One Third Of Atlantic City's Resident In Poverty